Cim adds Cerner Corporation (CERN) to its portfolio

Cerner Corporation (CERN) : Cim added new position in Cerner Corporation during the most recent quarter end. The investment management firm now holds 130,749 shares of Cerner Corporation which is valued at $7,969,152 , the company said in a statement filed on Oct 17, 2016 with the SEC.Cerner Corporation makes up approximately 3.80% of Cim’s portfolio.

Other Hedge Funds, Including , Cwm boosted its stake in CERN in the latest quarter, The investment management firm added 2,000 additional shares and now holds a total of 2,112 shares of Cerner Corporation which is valued at $128,726. Cerner Corporation makes up approx 0.01% of Cwm’s portfolio.Webster Bank N. A. boosted its stake in CERN in the latest quarter, The investment management firm added 713 additional shares and now holds a total of 30,763 shares of Cerner Corporation which is valued at $1,875,005. Cerner Corporation makes up approx 0.28% of Webster Bank N. A.’s portfolio. Cutler Group Lp sold out all of its stake in CERN during the most recent quarter. The investment firm sold 12,307 shares of CERN which is valued $760,450.Exxonmobil Investment Management Inc Tx reduced its stake in CERN by selling 1,142 shares or 1.47% in the most recent quarter. The Hedge Fund company now holds 76,744 shares of CERN which is valued at $4,691,361. Cerner Corporation makes up approx 0.10% of Exxonmobil Investment Management Inc Tx’s portfolio.

Cerner Corporation closed down -0.31 points or -0.51% at $60.95 with 11,76,848 shares getting traded on Friday. Post opening the session at $61.5, the shares hit an intraday low of $60.76 and an intraday high of $61.82 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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. BofA/Merrill Initiated Cerner Corporation on Sep 19, 2016 to “Buy”, Price Target of the shares are set at $67.Cerner Corporation was Resumed by Stifel to “Hold” on Aug 31, 2016. 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 .

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.

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