Candriam Luxembourg S.C.A. decreased its holdings in Cerner Co. (NASDAQ:CERN) by 39.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 101,357 shares of the company’s stock after selling 66,338 shares during the quarter. Candriam Luxembourg S.C.A.’s holdings in Cerner were worth $5,315,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of CERN. Adell Harriman & Carpenter Inc. increased its position in shares of Cerner by 0.6% during the 4th 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 during the last quarter. Securian Asset Management Inc increased its position in shares of Cerner by 0.7% during the 4th quarter. Securian Asset Management Inc now owns 34,031 shares of the company’s stock valued at $1,785,000 after purchasing an additional 248 shares during the last quarter. Griffin Asset Management Inc. increased its position in shares of Cerner by 2.5% during the 3rd quarter. Griffin Asset Management Inc. now owns 10,400 shares of the company’s stock valued at $670,000 after purchasing an additional 250 shares during the last quarter. Armstrong Henry H Associates Inc. increased its position in shares of Cerner by 2.4% during the 4th quarter. Armstrong Henry H Associates Inc. now owns 10,500 shares of the company’s stock valued at $551,000 after purchasing an additional 250 shares during the last quarter. Finally, Motley Fool Wealth Management LLC increased its position in shares of Cerner by 0.5% during the 4th quarter. Motley Fool Wealth Management LLC now owns 50,414 shares of the company’s stock valued at $2,644,000 after purchasing an additional 262 shares during the last quarter. 79.77% of the stock is owned by institutional investors and hedge funds.
Shares of NASDAQ:CERN opened at $56.96 on Friday. The company has a market cap of $18.48 billion, a P/E ratio of 25.77, a P/E/G ratio of 1.93 and a beta of 0.97. The company has a quick ratio of 2.38, a current ratio of 2.41 and a debt-to-equity ratio of 0.09. Cerner Co. has a 12-month low of $48.78 and a 12-month high of $67.57.
Cerner (NASDAQ:CERN) last posted its quarterly earnings results on Tuesday, February 5th. The company reported $0.63 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.06. Cerner had a return on equity of 14.84% and a net margin of 11.74%. The business had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same period in the prior year, the company posted $0.58 EPS. The firm’s revenue for the quarter was up 3.9% compared to the same quarter last year. On average, sell-side analysts expect that Cerner Co. will post 2.37 earnings per share for the current year.
A number of research analysts recently issued reports on the company. Zacks Investment Research reiterated a “sell” rating on shares of Cerner in a research note on Monday, December 31st. BidaskClub upgraded Cerner from a “sell” rating to a “hold” rating in a research note on Wednesday, February 13th. Finally, Morgan Stanley downgraded Cerner from an “equal weight” rating to an “underweight” rating and cut their price objective for the company from $68.00 to $47.00 in a research note on Thursday, February 28th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the company’s stock. Cerner currently has a consensus rating of “Hold” and an average price target of $67.00.
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Cerner Company Profile
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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