APG Asset Management N.V. lifted its position in Cerner Co. (NASDAQ:CERN) by 153.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,121,956 shares of the company’s stock after buying an additional 678,700 shares during the period. APG Asset Management N.V.’s holdings in Cerner were worth $62,965,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. SG Americas Securities LLC grew its holdings in shares of Cerner by 47.5% in the fourth quarter. SG Americas Securities LLC now owns 17,616 shares of the company’s stock valued at $1,187,000 after purchasing an additional 5,673 shares during the period. Pratt Collard Advisory Partners LLC purchased a new stake in shares of Cerner in the fourth quarter valued at about $256,000. Cerebellum GP LLC purchased a new stake in shares of Cerner in the fourth quarter valued at about $127,000. Duncker Streett & Co. Inc. grew its holdings in shares of Cerner by 362.1% in the fourth quarter. Duncker Streett & Co. Inc. now owns 5,360 shares of the company’s stock valued at $361,000 after purchasing an additional 4,200 shares during the period. Finally, CENTRAL TRUST Co grew its holdings in shares of Cerner by 13.8% in the fourth quarter. CENTRAL TRUST Co now owns 11,050 shares of the company’s stock valued at $745,000 after purchasing an additional 1,340 shares during the period. 81.85% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts recently issued reports on the stock. SunTrust Banks lowered shares of Cerner from a “buy” rating to a “hold” rating in a report on Tuesday, January 16th. They noted that the move was a valuation call. Zacks Investment Research cut shares of Cerner from a “buy” rating to a “hold” rating in a research report on Tuesday, January 16th. Royal Bank of Canada reaffirmed a “buy” rating on shares of Cerner in a research report on Wednesday, October 25th. Jefferies Group set a $79.00 target price on shares of Cerner and gave the company a “buy” rating in a research report on Friday, October 13th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and issued a $77.00 target price on shares of Cerner in a research report on Thursday, October 12th. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and eight have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $70.21.

In other news, Chairman Clifford W. Illig sold 530,000 shares of the stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $65.54, for a total transaction of $34,736,200.00. Following the sale, the chairman now owns 1,229,719 shares of the company’s stock, valued at $80,595,783.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Clifford W. Illig sold 140,000 shares of the stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $65.52, for a total transaction of $9,172,800.00. Following the sale, the chief executive officer now directly owns 1,229,719 shares in the company, valued at approximately $80,571,188.88. The disclosure for this sale can be found here. Insiders have sold 788,000 shares of company stock worth $52,190,800 in the last three months. Corporate insiders own 13.11% of the company’s stock.

Shares of Cerner Co. (NASDAQ:CERN) opened at $68.60 on Friday. The stock has a market cap of $22,800.00, a PE ratio of 34.13, a PEG ratio of 2.03 and a beta of 0.94. Cerner Co. has a 1 year low of $51.26 and a 1 year high of $73.86. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.75 and a current ratio of 2.77.

Cerner (NASDAQ:CERN) last issued its quarterly earnings results on Thursday, October 26th. The company reported $0.61 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.01). The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.29 billion. Cerner had a return on equity of 15.96% and a net margin of 13.90%. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.59 EPS. research analysts expect that Cerner Co. will post 2.24 EPS for the current fiscal year.

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About Cerner

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 (NASDAQ:CERN)

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