Cerner Co. (NASDAQ:CERN) Holdings Lifted by BCK Capital Management LP

BCK Capital Management LP boosted its position in shares of Cerner Co. (NASDAQ:CERNGet Rating) by 112.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 153,830 shares of the company’s stock after purchasing an additional 81,439 shares during the period. Cerner accounts for approximately 8.6% of BCK Capital Management LP’s portfolio, making the stock its biggest position. BCK Capital Management LP’s holdings in Cerner were worth $14,392,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. IFS Advisors LLC bought a new stake in shares of Cerner in the 4th quarter valued at approximately $31,000. TAP Consulting LLC acquired a new position in shares of Cerner in the 4th quarter valued at $46,000. Retirement Planning Co of New England Inc. acquired a new position in shares of Cerner in the 4th quarter valued at $51,000. Perkins Coie Trust Co increased its position in shares of Cerner by 78.0% in the 1st quarter. Perkins Coie Trust Co now owns 541 shares of the company’s stock valued at $51,000 after buying an additional 237 shares in the last quarter. Finally, Rosenberg Matthew Hamilton bought a new stake in shares of Cerner in the 1st quarter valued at $51,000. Institutional investors and hedge funds own 82.23% of the company’s stock.

Insiders Place Their Bets

In related news, CAO Michael R. Battaglioli sold 5,288 shares of Cerner stock in a transaction dated Wednesday, May 4th. The shares were 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 approximately $321,035.08. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.12% of the company’s stock.

Cerner Price Performance

Shares of NASDAQ CERN opened at $94.92 on Thursday. The company has a current ratio of 1.79, a quick ratio of 1.77 and a debt-to-equity ratio of 0.41. The firm’s 50-day moving average price is $94.83 and its 200-day moving average price is $93.61. The firm has a market capitalization of $27.92 billion, a P/E ratio of 47.70, a P/E/G ratio of 2.37 and a beta of 0.77. Cerner Co. has a 1-year low of $69.08 and a 1-year high of $95.40.

Cerner (NASDAQ:CERNGet Rating) last released its earnings results on Tuesday, May 3rd. The company reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.03. Cerner had a net margin of 10.15% and a return on equity of 22.86%. The firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.47 billion. During the same period in the previous year, the company earned $0.76 earnings per share. The company’s quarterly revenue was up 3.0% on a year-over-year basis. Equities research analysts anticipate that Cerner Co. will post 3.14 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on CERN. Argus cut Cerner from a “buy” rating to a “hold” rating in a report on Monday, April 11th. assumed coverage on shares of Cerner in a research note on Thursday. They issued a “buy” rating for the company. Eight investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Cerner currently has a consensus rating of “Hold” and an average price target of $89.14.

About Cerner

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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.

Further Reading

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Institutional Ownership by Quarter for Cerner (NASDAQ:CERN)

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