Cerner Co. (CERN) Shares Bought by LGT Capital Partners LTD.

LGT Capital Partners LTD. grew its stake in shares of Cerner Co. (NASDAQ:CERN) by 2.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 169,500 shares of the company’s stock after acquiring an additional 3,900 shares during the period. LGT Capital Partners LTD. owned 0.05% of Cerner worth $11,423,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Advisory Services Network LLC increased its stake in Cerner by 4.4% in the second quarter. Advisory Services Network LLC now owns 1,648 shares of the company’s stock valued at $110,000 after acquiring an additional 70 shares during the last quarter. Acrospire Investment Management LLC increased its stake in Cerner by 100.0% in the second quarter. Acrospire Investment Management LLC now owns 1,800 shares of the company’s stock valued at $120,000 after acquiring an additional 900 shares during the last quarter. Fuller & Thaler Asset Management Inc. bought a new position in Cerner in the third quarter valued at approximately $121,000. Steward Partners Investment Advisory LLC bought a new position in Cerner in the third quarter valued at approximately $128,000. Finally, Pacad Investment Ltd. bought a new position in Cerner in the second quarter valued at approximately $130,000. 81.83% of the stock is currently owned by institutional investors.

In related news, CFO Marc G. Naughton sold 60,000 shares of the business’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $70.64, for a total value of $4,238,400.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Clifford W. Illig sold 4,000 shares of the company’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $65.96, for a total transaction of $263,840.00. Following the transaction, the chairman now owns 1,229,719 shares in the company, valued at approximately $81,112,265.24. The disclosure for this sale can be found here. In the last 90 days, insiders sold 788,000 shares of company stock worth $52,190,800. 13.11% of the stock is owned by company insiders.

A number of research firms have weighed in on CERN. SunTrust Banks reaffirmed a “buy” rating and set a $75.00 target price on shares of Cerner in a research note on Monday, October 30th. Jefferies Group set a $79.00 target price on shares of Cerner and gave the stock a “buy” rating in a research note on Friday, October 13th. Robert W. Baird reaffirmed a “buy” rating on shares of Cerner in a research note on Wednesday, January 3rd. KeyCorp reaffirmed a “buy” rating and set a $76.00 target price on shares of Cerner in a research note on Friday, September 22nd. Finally, Zacks Investment Research lowered shares of Cerner from a “buy” rating to a “hold” rating in a report on Tuesday. Sixteen equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $69.83.

Cerner Co. (NASDAQ:CERN) traded down $0.34 during mid-day trading on Thursday, reaching $70.28. 1,945,500 shares of the company traded hands, compared to its average volume of 1,631,936. The firm has a market capitalization of $23,130.00, a price-to-earnings ratio of 34.97, a price-to-earnings-growth ratio of 2.10 and a beta of 0.94. The company has a current ratio of 2.77, a quick ratio of 2.75 and a debt-to-equity ratio of 0.11. Cerner Co. has a 1-year low of $50.33 and a 1-year high of $73.86.

Cerner (NASDAQ:CERN) last released its earnings results on Thursday, October 26th. The company reported $0.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.01). The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.29 billion. Cerner had a net margin of 13.37% and a return on equity of 18.03%. Cerner’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.59 EPS. equities analysts anticipate that Cerner Co. will post 2.24 earnings per share for the current year.

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Cerner Company Profile

Cerner Corporation (Cerner) is a supplier of healthcare information technology (HCIT). The Company offers a range of intelligent solutions and services that support the clinical, financial and operational needs of organizations of all sizes. The Company’s segments include Domestic and Global. The Domestic segment includes revenue contributions and expenditures associated with business activity in the United States.

Institutional Ownership by Quarter for Cerner (NASDAQ:CERN)

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