Holland Capital Management Lowers stake in Cerner Corporation (CERN)

Cerner Corporation (CERN) : Holland Capital Management reduced its stake in Cerner Corporation by 32.28% during the most recent quarter end. The investment management company now holds a total of 979,136 shares of Cerner Corporation which is valued at $65,063,587 after selling 466,716 shares in Cerner Corporation , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Cerner Corporation makes up approximately 2.41% of Holland Capital Management’s portfolio.

Other Hedge Funds, Including , Blackrock Investment Management boosted its stake in CERN in the latest quarter, The investment management firm added 23,770 additional shares and now holds a total of 674,089 shares of Cerner Corporation which is valued at $44,793,214. Cerner Corporation makes up approx 0.05% of Blackrock Investment Management’s portfolio.Blair William Coil boosted its stake in CERN in the latest quarter, The investment management firm added 216,753 additional shares and now holds a total of 1,719,703 shares of Cerner Corporation which is valued at $115,323,283. Cerner Corporation makes up approx 1.02% of Blair William Coil’s portfolio.Gw Henssler Associates Ltd boosted its stake in CERN in the latest quarter, The investment management firm added 14,921 additional shares and now holds a total of 167,903 shares of Cerner Corporation which is valued at $10,475,468. Cerner Corporation makes up approx 1.18% of Gw Henssler Associates Ltd’s portfolio.Paragon Capital Management reduced its stake in CERN by selling 760 shares or 4.36% in the most recent quarter. The Hedge Fund company now holds 16,660 shares of CERN which is valued at $1,032,087. Cerner Corporation makes up approx 0.35% of Paragon Capital Management’s portfolio.

Cerner Corporation closed down -0.44 points or -0.68% at $64.71 with 20,95,536 shares getting traded on Friday. Post opening the session at $65.15, the shares hit an intraday low of $64.44 and an intraday high of $65.16 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Cerner Corporation reported $0.58 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $0.57. The company had revenue of $1216.00 million for the quarter, compared to analysts expectations of $1209.57 million. The company’s revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.52 EPS.

Many Wall Street Analysts have commented on Cerner Corporation. Company shares were Reiterated by Deutsche Bank on Aug 15, 2016 to “Buy”, Firm has raised the Price Target to $ 70 from a previous price target of $66 .Company shares were Reiterated by Barclays on Aug 3, 2016 to “Overweight”, Firm has raised the Price Target to $ 67 from a previous price target of $55 .Cerner Corporation was Downgraded by Raymond James to ” Mkt Perform” on Jul 5, 2016.

Cerner Corporation (Cerner) is a supplier of health care information technology (HCIT). The Company offers a range of intelligent solutions and services that support the clinical financial and operational needs of organizations. The Company offers software hardware professional services and managed services. The Company operates in two segments: Domestic and Global. The Domestic segment includes the business activity in the United States. The Global segment includes the business activity in Aruba Australia Austria Brazil Canada Cayman Islands Chile Egypt England Finland France Germany Guam India Ireland Israel Malaysia Mexico Netherlands Qatar Saudi Arabia Singapore Spain Switzerland and the United Arab Emirates. Cerner solutions are offered on the unified Cerner Millennium architecture and on the HealtheIntent cloud-based platform. Its solutions include HealtheRegistries Cerner ITWorks Cerner RevWorks PowerWorks and CommunityWorks among others.

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