Other equities analysts have also issued reports about the company. Zacks Investment Research lowered Cerner from a hold rating to a sell rating in a research note on Monday, March 11th. ValuEngine raised Cerner from a hold rating to a buy rating in a research note on Wednesday, May 1st. Robert W. Baird increased their price target on Cerner from $67.00 to $71.00 and gave the company an outperform rating in a research note on Wednesday, April 10th. Canaccord Genuity increased their price target on Cerner from $68.00 to $77.00 and gave the company a buy rating in a research note on Friday, May 24th. Finally, Cantor Fitzgerald reaffirmed an overweight rating on shares of Cerner in a research note on Monday, April 29th. One analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the company. The stock currently has an average rating of Buy and an average price target of $69.29.
CERN opened at $72.48 on Tuesday. Cerner has a 12 month low of $48.78 and a 12 month high of $73.24. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.55 and a current ratio of 2.58. The company has a market capitalization of $23.51 billion, a P/E ratio of 32.80, a price-to-earnings-growth ratio of 2.20 and a beta of 0.89.
Cerner (NASDAQ:CERN) last posted its earnings results on Thursday, April 25th. The company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.55 by $0.06. Cerner had a return on equity of 14.86% and a net margin of 11.65%. The firm had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same period last year, the firm earned $0.58 EPS. The firm’s revenue was up 7.5% compared to the same quarter last year. As a group, research analysts expect that Cerner will post 2.44 earnings per share for the current fiscal year.
The business also recently disclosed a special dividend, which will be paid on Friday, July 26th. Stockholders of record on Tuesday, June 18th will be paid a dividend of $0.18 per share. The ex-dividend date is Monday, June 17th.
In other news, COO Michael Nill sold 244,000 shares of the firm’s stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $69.42, for a total transaction of $16,938,480.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director William D. Zollars sold 1,400 shares of the firm’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $72.11, for a total value of $100,954.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 401,468 shares of company stock valued at $27,879,997. Corporate insiders own 4.71% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Adell Harriman & Carpenter Inc. lifted its holdings in shares of Cerner by 0.6% in the fourth quarter. Adell Harriman & Carpenter Inc. now owns 31,427 shares of the company’s stock valued at $1,648,000 after purchasing an additional 200 shares in the last quarter. Moody National Bank Trust Division lifted its holdings in shares of Cerner by 72.5% in the first quarter. Moody National Bank Trust Division now owns 483 shares of the company’s stock valued at $28,000 after purchasing an additional 203 shares in the last quarter. Advisor Partners LLC lifted its holdings in shares of Cerner by 3.0% in the first quarter. Advisor Partners LLC now owns 6,907 shares of the company’s stock valued at $395,000 after purchasing an additional 203 shares in the last quarter. ETF Managers Group LLC lifted its holdings in shares of Cerner by 9.7% in the first quarter. ETF Managers Group LLC now owns 2,466 shares of the company’s stock valued at $141,000 after purchasing an additional 218 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Cerner by 0.5% in the first quarter. PNC Financial Services Group Inc. now owns 50,176 shares of the company’s stock valued at $2,871,000 after purchasing an additional 241 shares in the last quarter. 81.69% of the stock is owned by institutional investors and hedge funds.
Cerner Corporation provides health care information technology solutions and tech-enabled services in the United States and internationally. The company 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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