Cerner Corporation (CERN) : Frontier Wealth Management scooped up 775 additional shares in Cerner Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 66,739 shares of Cerner Corporation which is valued at $3,248,855.Cerner Corporation makes up approximately 0.46% of Frontier Wealth Management’s portfolio.
Other Hedge Funds, Including , Hightower Advisors boosted its stake in CERN in the latest quarter, The investment management firm added 13,337 additional shares and now holds a total of 63,145 shares of Cerner Corporation which is valued at $3,073,899. Cerner Corporation makes up approx 0.04% of Hightower Advisors’s portfolio.Stephens Inc Ar boosted its stake in CERN in the latest quarter, The investment management firm added 3,707 additional shares and now holds a total of 21,400 shares of Cerner Corporation which is valued at $1,058,444. Cerner Corporation makes up approx 0.05% of Stephens Inc Ar’s portfolio.Meritage Portfolio Management boosted its stake in CERN in the latest quarter, The investment management firm added 1,610 additional shares and now holds a total of 5,288 shares of Cerner Corporation which is valued at $278,413. Cerner Corporation makes up approx 0.03% of Meritage Portfolio Management’s portfolio.Dnb Asset Management As reduced its stake in CERN by selling 39,800 shares or 26.92% in the most recent quarter. The Hedge Fund company now holds 108,068 shares of CERN which is valued at $6,330,623. Cerner Corporation makes up approx 0.13% of Dnb Asset Management As’s portfolio.Schmidt P J Investment Management Inc reduced its stake in CERN by selling 16,443 shares or 82.39% in the most recent quarter. The Hedge Fund company now holds 3,515 shares of CERN which is valued at $214,415. Cerner Corporation makes up approx 0.08% of Schmidt P J Investment Management Inc’s portfolio.
Cerner Corporation closed down -0.06 points or -0.12% at $49.53 with 37,31,014 shares getting traded on Monday. Post opening the session at $49.55, the shares hit an intraday low of $49.43 and an intraday high of $49.9 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
On the company’s financial health, Cerner Corporation reported $0.59 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Nov 1, 2016. Analyst had a consensus of $0.60. The company had revenue of $1185.00 million for the quarter, compared to analysts expectations of $1244.98 million. The company’s revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.54 EPS.
Many Wall Street Analysts have commented on Cerner Corporation. Cerner Corporation was Downgraded by BofA/Merrill to ” Underperform” on Nov 7, 2016. Shares were Downgraded by Robert W. Baird on Nov 2, 2016 to ” Neutral” and Lowered the Price Target to $ 58 from a previous price target of $68 .BofA/Merrill Initiated Cerner Corporation on Sep 19, 2016 to “Buy”, Price Target of the shares are set at $67.
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.