Cerner Co. (NASDAQ:CERN) Shares Sold by Edmond DE Rothschild Holding S.A.

Edmond DE Rothschild Holding S.A. lessened its stake in Cerner Co. (NASDAQ:CERNGet Rating) by 98.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,013 shares of the company’s stock after selling 174,105 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in Cerner were worth $280,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. TAP Consulting LLC acquired a new position in Cerner in the fourth quarter valued at $46,000. Retirement Planning Co of New England Inc. acquired a new stake in shares of Cerner during the fourth quarter worth about $51,000. Allegheny Financial Group LTD acquired a new stake in shares of Cerner during the fourth quarter worth about $57,000. Curi Wealth Management LLC acquired a new stake in shares of Cerner during the fourth quarter worth about $63,000. Finally, North Star Investment Management Corp. boosted its stake in shares of Cerner by 34.3% during the fourth quarter. North Star Investment Management Corp. now owns 837 shares of the company’s stock worth $78,000 after buying an additional 214 shares during the period. Institutional investors own 82.23% of the company’s stock.

In related news, CAO Michael R. Battaglioli sold 5,288 shares of Cerner stock in a transaction on Wednesday, May 4th. The stock was sold at an average price of $94.09, for a total transaction of $497,547.92. Following the completion of the transaction, the chief accounting officer now directly owns 3,412 shares of the company’s stock, valued at $321,035.08. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Tracy L. Platt sold 7,769 shares of Cerner stock in a transaction on Friday, March 11th. The stock was sold at an average price of $93.40, for a total value of $725,624.60. The disclosure for this sale can be found here. Insiders own 0.12% of the company’s stock.

Several equities research analysts have recently weighed in on CERN shares. Argus downgraded shares of Cerner from a “buy” rating to a “hold” rating in a research note on Monday, April 11th. StockNews.com started coverage on shares of Cerner in a research note on Thursday, March 31st. They set a “buy” rating for the company. Eight equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $87.38.

Cerner stock opened at $93.67 on Tuesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.79 and a quick ratio of 1.49. Cerner Co. has a 1-year low of $69.08 and a 1-year high of $94.46. The company has a market cap of $27.55 billion, a PE ratio of 47.07, a price-to-earnings-growth ratio of 2.38 and a beta of 0.77. The stock’s 50 day moving average price is $93.53 and its 200 day moving average price is $87.63.

Cerner (NASDAQ:CERNGet Rating) last posted its quarterly earnings results on Tuesday, May 3rd. The company reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.02. Cerner had a return on equity of 22.86% and a net margin of 10.15%. The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same period in the previous year, the business earned $0.76 earnings per share. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. On average, equities research analysts anticipate that Cerner Co. will post 3.1 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 19th. Investors of record on Monday, March 28th were paid a $0.27 dividend. The ex-dividend date was Friday, March 25th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.15%. Cerner’s dividend payout ratio (DPR) is presently 54.27%.

Cerner Profile (Get Rating)

Cerner Corporation, together with its subsidiaries, provides health care information technology solutions and tech-enabled services in the United States and internationally. It offers Cerner Millennium architecture, a person-centric computing framework, which includes clinical, financial, and management information systems that allow providers to access an individual's electronic health record (EHR) at the point of care, and organizes and delivers information for physicians, nurses, laboratory technicians, pharmacists, front- and back-office professionals, and consumers.

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Institutional Ownership by Quarter for Cerner (NASDAQ:CERN)

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