Wright Investors Service Inc. bought a new stake in shares of Cerner Corporation (NASDAQ:CERN) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 5,590 shares of the company’s stock, valued at approximately $399,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Andra AP fonden grew its position in Cerner Corporation by 45.8% during the second quarter. Andra AP fonden now owns 30,900 shares of the company’s stock valued at $2,054,000 after buying an additional 9,700 shares during the period. Dimensional Fund Advisors LP grew its position in Cerner Corporation by 7.4% during the second quarter. Dimensional Fund Advisors LP now owns 697,200 shares of the company’s stock valued at $46,342,000 after buying an additional 47,812 shares during the period. State Farm Mutual Automobile Insurance Co. grew its position in Cerner Corporation by 381.0% during the second quarter. State Farm Mutual Automobile Insurance Co. now owns 429,846 shares of the company’s stock valued at $28,572,000 after buying an additional 340,486 shares during the period. Schwab Charles Investment Management Inc. grew its position in Cerner Corporation by 2.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 937,175 shares of the company’s stock valued at $62,295,000 after buying an additional 23,659 shares during the period. Finally, IBM Retirement Fund grew its position in Cerner Corporation by 114.6% during the second quarter. IBM Retirement Fund now owns 7,038 shares of the company’s stock valued at $523,000 after buying an additional 3,759 shares during the period. Institutional investors own 78.90% of the company’s stock.

A number of equities analysts have weighed in on the stock. Royal Bank Of Canada reiterated a “buy” rating on shares of Cerner Corporation in a research report on Wednesday, October 25th. Jefferies Group LLC reiterated a “buy” rating on shares of Cerner Corporation in a research report on Sunday. William Blair reiterated an “outperform” rating on shares of Cerner Corporation in a research report on Monday, July 10th. Zacks Investment Research lowered shares of Cerner Corporation from a “buy” rating to a “sell” rating in a research report on Tuesday. Finally, BidaskClub lowered shares of Cerner Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and nine have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $68.80.

In related news, President Zane M. Burke sold 94,000 shares of Cerner Corporation stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $67.47, for a total value of $6,342,180.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Michael Nill sold 99,470 shares of Cerner Corporation stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $70.45, for a total transaction of $7,007,661.50. The disclosure for this sale can be found here. Insiders sold a total of 371,583 shares of company stock worth $24,758,191 in the last three months. 13.20% of the stock is owned by corporate insiders.

Cerner Corporation (NASDAQ:CERN) last released its quarterly earnings results on Thursday, October 26th. The company reported $0.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.01). Cerner Corporation had a net margin of 13.37% and a return on equity of 18.03%. The company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same period in the prior year, the business posted $0.59 EPS. Cerner Corporation’s revenue was up 7.7% compared to the same quarter last year.

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Cerner Corporation 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.

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Institutional Ownership by Quarter for Cerner Corporation (NASDAQ:CERN)

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