DekaBank Deutsche Girozentrale raised its holdings in Cerner Co. (NASDAQ:CERN) by 8.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 458,181 shares of the company’s stock after purchasing an additional 34,188 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Cerner were worth $35,970,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Childress Capital Advisors LLC purchased a new stake in shares of Cerner in the fourth quarter valued at about $27,000. CX Institutional boosted its holdings in shares of Cerner by 79.1% in the fourth quarter. CX Institutional now owns 394 shares of the company’s stock valued at $31,000 after acquiring an additional 174 shares in the last quarter. Cowa LLC purchased a new stake in shares of Cerner in the fourth quarter valued at about $32,000. Grant Street Asset Management Inc. purchased a new stake in shares of Cerner in the fourth quarter valued at about $31,000. Finally, Addison Advisors LLC purchased a new stake in shares of Cerner in the fourth quarter valued at about $33,000. Institutional investors own 83.01% of the company’s stock.
A number of analysts recently commented on CERN shares. Canaccord Genuity boosted their price objective on shares of Cerner from $81.00 to $89.00 and gave the stock a “buy” rating in a report on Thursday, January 7th. UBS Group downgraded shares of Cerner from a “buy” rating to a “neutral” rating and set a $82.00 price objective on the stock. in a report on Thursday, February 11th. Argus boosted their price objective on shares of Cerner from $77.00 to $88.00 and gave the stock a “buy” rating in a report on Tuesday, December 29th. Bank of America downgraded shares of Cerner from a “buy” rating to an “underperform” rating in a report on Tuesday, January 19th. Finally, Morgan Stanley lifted their target price on shares of Cerner from $64.00 to $70.00 and gave the stock an “underweight” rating in a research report on Thursday, February 11th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the stock. Cerner currently has a consensus rating of “Hold” and a consensus price target of $80.00.
Shares of CERN stock opened at $72.26 on Thursday. The company has a market capitalization of $22.13 billion, a PE ratio of 28.23, a price-to-earnings-growth ratio of 2.35 and a beta of 0.76. The firm has a fifty day simple moving average of $71.36 and a 200-day simple moving average of $74.39. The company has a current ratio of 2.29, a quick ratio of 2.28 and a debt-to-equity ratio of 0.30. Cerner Co. has a twelve month low of $63.11 and a twelve month high of $84.20.
Cerner (NASDAQ:CERN) last posted its quarterly earnings data on Tuesday, February 9th. The company reported $0.78 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.78. Cerner had a net margin of 14.28% and a return on equity of 18.14%. The firm had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same period in the prior year, the firm posted $0.75 EPS. The firm’s revenue was down 3.3% compared to the same quarter last year. Equities research analysts predict that Cerner Co. will post 2.47 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 20th. Shareholders of record on Tuesday, April 6th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Monday, April 5th. This represents a $0.88 dividend on an annualized basis and a yield of 1.22%. Cerner’s dividend payout ratio (DPR) is 36.51%.
Cerner Corporation, together with its subsidiaries, 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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