Creative Planning buys $22,153,029 stake in Cerner Corporation (CERN)

Cerner Corporation (CERN) : Creative Planning scooped up 50,489 additional shares in Cerner Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 12, 2016. The investment management firm now holds a total of 364,779 shares of Cerner Corporation which is valued at $22,153,029.Cerner Corporation makes up approximately 0.14% of Creative Planning’s portfolio.

Other Hedge Funds, Including , Dynamic Advisors Solutions boosted its stake in CERN in the latest quarter, The investment management firm added 8,654 additional shares and now holds a total of 26,992 shares of Cerner Corporation which is valued at $1,667,836. Cerner Corporation makes up approx 0.64% of Dynamic Advisors Solutions’s portfolio.Exxonmobil Investment Management Inc Tx reduced its stake in CERN by selling 1,142 shares or 1.47% in the most recent quarter. The Hedge Fund company now holds 76,744 shares of CERN which is valued at $4,691,361. Cerner Corporation makes up approx 0.10% of Exxonmobil Investment Management Inc Tx’s portfolio.Capital Investment Services Of America reduced its stake in CERN by selling 1,810 shares or 0.86% in the most recent quarter. The Hedge Fund company now holds 207,810 shares of CERN which is valued at $12,703,425. Cerner Corporation makes up approx 2.44% of Capital Investment Services Of America’s portfolio.

Cerner Corporation closed down -1.06 points or -1.72% at $60.73 with 15,59,499 shares getting traded on Tuesday. Post opening the session at $62.53, the shares hit an intraday low of $60.26 and an intraday high of $62.53 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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. BofA/Merrill Initiated Cerner Corporation on Sep 19, 2016 to “Buy”, Price Target of the shares are set at $67.Cerner Corporation was Resumed by Stifel to “Hold” on Aug 31, 2016. 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 .

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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