HighTower Advisors LLC Increases Holding in Cerner Corp. (CERN)

Paola Ditto
Aprile 12, 2018

Eleven analysts have made estimates for Cerner's earnings, with the highest EPS estimate coming in at $0.68 and the lowest estimate coming in at $0.57. During the same quarter a year ago, the firm earned $0.61 EPS. The company is scheduled to issue its next earnings report on Thursday, April 26th. During the same period in the prior year, the business posted $0.61 EPS. sell-side analysts predict that Cerner will post 2.42 earnings per share for the current year. Paloma Partners Management Co acquired a new position in shares of Cerner during the fourth quarter valued at $1,229,000. Alpine Glob Mgmt Ltd Liability Corp reported 14,779 shares.

The Average True Range of ATR For Shares of Cerner Corp (CERN) have trended downward over the past 10 bars, indicating bearish momentum for the equity near-term. Metropolitan Life Co reported 0.05% stake. The firm is having analyst recommendation of 2.30 on scale of 1 to 5. During the same period past year, the firm posted $0.61 EPS. The business's revenue for the quarter was up 4.5% compared to the same quarter previous year. Zacks Investment Research raised shares of Cerner from a "hold" rating to a "buy" rating and set a $79.00 price objective for the company in a research note on Tuesday, January 9th. Cantor Fitzgerald reiterated a "buy" rating and issued a $75.00 target price on shares of Cerner in a report on Wednesday, November 29th. Leerink Swann reissued a "hold" rating on shares of Cerner in a report on Saturday, November 25th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and ten have given a buy rating to the company's stock. Traditional interpretation and usage of the RSI is that RSI values of 70 or above indicate that a security is becoming overbought or overvalued, and therefore may be ready for a trend reversal or corrective pullback in price.

Cerner stock opened at $56.42 on Thursday. The shares were sold at an average price of $64.52, for a total transaction of $19,852,804.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William D. Zollars sold 4,100 shares of the company's stock in a transaction dated Thursday, February 8th. In a mid-term calculation, it is also important to mention the 50-day simple average that is projected at -10.10%, while in a long-term prediction, there is also a figure for the 200-day simple moving average, and it presently stands at -15.35%. The disclosure for this sale can be found here. Over the last three months, insiders have sold 541,800 shares of company stock valued at $34,353,860. It is a positive indicator for investor portfolio value - when the price of a stock Investor owns goes up in value. ProVise Management Group LLC acquired a new position in shares of Cerner Corp. during the second quarter worth approximately $266,000. Geode Capital Management LLC now owns 3,759,894 shares of the company's stock valued at $252,916,000 after acquiring an additional 98,444 shares during the period. Prentiss Smith & Co Inc owns 130,071 shares or 4.27% of their U.S. portfolio. Steward Partners Investment Advisory LLC bought a new stake in shares of Cerner during the third quarter worth $128,000. Raymond James & Associates lifted its stake in shares of Cerner by 43.7% during the fourth quarter. Capital International Investors now owns 4,851,296 shares of the company's stock valued at $345,994,000 after buying an additional 12,178 shares during the last quarter. Hedge funds and other institutional investors own 78.54% of the company's stock. The stock decreased 0.02% or $0.03 during the last trading session, reaching $174.42.

Cerner Corporation (CERN) stock price traded with surging change along with the volume 2.46 million shares on Tuesday trading session. The company has a current ratio of 3.01, a quick ratio of 2.99 and a debt-to-equity ratio of 0.11.

The 52-week low presently is 2.04%, and the 52-week high is now set up at -23.61%.

Cerner Corporation (NASDAQ:CERN) is a company with market capitalization of $19.33B. Focusing on the past week, shares have moved 0.18%.

COPYRIGHT VIOLATION WARNING: This story was originally posted by Week Herald and is owned by of Week Herald. Ancora Limited Liability Company has invested 0.02% in Cerner Corporation (NASDAQ:CERN). The Company offers a range of intelligent solutions and services that support the clinical, financial and operational needs of organizations of all sizes. The Domestic segment includes revenue contributions and expenditures associated with business activity in the United States.

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