Rockefeller Financial Services Inc. decreased its position in shares of Cerner Co. (NASDAQ:CERN) by 0.5% during the 4th quarter, HoldingsChannel reports. The firm owned 1,415,279 shares of the company’s stock after selling 7,591 shares during the quarter. Cerner accounts for 1.5% of Rockefeller Financial Services Inc.’s investment portfolio, making the stock its 22nd biggest holding. Rockefeller Financial Services Inc.’s holdings in Cerner were worth $95,376,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in CERN. Advisory Services Network LLC raised its holdings in Cerner by 4.4% during the second quarter. Advisory Services Network LLC now owns 1,648 shares of the company’s stock worth $110,000 after purchasing an additional 70 shares in the last quarter. Fuller & Thaler Asset Management Inc. bought a new stake in Cerner during the third quarter worth approximately $121,000. Cerebellum GP LLC bought a new stake in Cerner during the fourth quarter worth approximately $127,000. Steward Partners Investment Advisory LLC bought a new stake in Cerner during the third quarter worth approximately $128,000. Finally, ETF Managers Group LLC bought a new stake in Cerner during the second quarter worth approximately $157,000. 81.92% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Cerner Co. (CERN) opened at $66.39 on Friday. 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 Co. has a one year low of $51.26 and a one year high of $73.86. The stock has a market cap of $22,700.62, a price-to-earnings ratio of 33.03, a price-to-earnings-growth ratio of 2.00 and a beta of 0.90.

In other Cerner news, CEO Clifford W. Illig sold 140,000 shares of the business’s stock in a transaction on Thursday, November 16th. The shares were 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 of the company’s stock, valued at approximately $80,571,188.88. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Clifford W. Illig sold 4,000 shares of the business’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $65.96, for a total transaction of $263,840.00. Following the sale, the chairman now directly owns 1,229,719 shares in the company, valued at $81,112,265.24. The disclosure for this sale can be found here. Over the last three months, insiders have sold 788,000 shares of company stock worth $52,190,800. Company insiders own 13.11% of the company’s stock.

Several research analysts have issued reports on the company. Zacks Investment Research cut Cerner from a “buy” rating to a “hold” rating in a report on Friday. BidaskClub cut Cerner from a “hold” rating to a “sell” rating in a report on Wednesday, January 24th. Evercore ISI assumed coverage on Cerner in a report on Thursday, January 18th. They issued an “in-line” rating and a $77.00 price target on the stock. SunTrust Banks cut 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. Finally, Cantor Fitzgerald upped their price target on Cerner to $83.00 and gave the company an “overweight” rating in a report on Friday, January 5th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $70.16.

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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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