William Blair Investment Management buys $307,625,612 stake in Cerner Corporation (CERN)

Cerner Corporation (CERN) : William Blair Investment Management scooped up 156,132 additional shares in Cerner Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 8, 2016. The investment management firm now holds a total of 4,587,319 shares of Cerner Corporation which is valued at $307,625,612.Cerner Corporation makes up approximately 1.14% of William Blair Investment Management’s portfolio.

Other Hedge Funds, Including , Ropes Wealth Advisors sold out all of its stake in CERN during the most recent quarter. The investment firm sold 80 shares of CERN which is valued $5,365.Linscomb Williams boosted its stake in CERN in the latest quarter, The investment management firm added 361 additional shares and now holds a total of 5,405 shares of Cerner Corporation which is valued at $361,432. Cerner Corporation makes up approx 0.04% of Linscomb Williams’s portfolio. Trellus Management Company sold out all of its stake in CERN during the most recent quarter. The investment firm sold 10,000 shares of CERN which is valued $620,400.Dearborn Partners reduced its stake in CERN by selling 275 shares or 3.62% in the most recent quarter. The Hedge Fund company now holds 7,320 shares of CERN which is valued at $454,133. Cerner Corporation makes up approx 0.04% of Dearborn Partners’s portfolio.

Cerner Corporation opened for trading at $66.46 and hit $66.79 on the upside on Monday, eventually ending the session at $66.61, with a gain of 0.24% or 0.16 points. The heightened volatility saw the trading volume jump to 25,15,234 shares. Company has a market cap of $22,495 M.

On the company’s financial health, Cerner Corporation reported $0.58 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $0.57. The company had revenue of $1216.00 million for the quarter, compared to analysts expectations of $1209.57 million. The company’s revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.52 EPS.

Many Wall Street Analysts have commented on Cerner Corporation. Company shares were Reiterated by Deutsche Bank on Aug 15, 2016 to “Buy”, Firm has raised the Price Target to $ 70 from a previous price target of $66 .Company shares were Reiterated by Barclays on Aug 3, 2016 to “Overweight”, Firm has raised the Price Target to $ 67 from a previous price target of $55 .Cerner Corporation was Downgraded by Raymond James to ” Mkt Perform” on Jul 5, 2016.

Cerner Corporation (Cerner) is a supplier of health care information technology (HCIT). The Company offers a range of intelligent solutions and services that support the clinical financial and operational needs of organizations. The Company offers software hardware professional services and managed services. The Company operates in two segments: Domestic and Global. The Domestic segment includes the business activity in the United States. The Global segment includes the business activity in Aruba Australia Austria Brazil Canada Cayman Islands Chile Egypt England Finland France Germany Guam India Ireland Israel Malaysia Mexico Netherlands Qatar Saudi Arabia Singapore Spain Switzerland and the United Arab Emirates. Cerner solutions are offered on the unified Cerner Millennium architecture and on the HealtheIntent cloud-based platform. Its solutions include HealtheRegistries Cerner ITWorks Cerner RevWorks PowerWorks and CommunityWorks among others.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *