First National Bank Of Hutchinson Lowers stake in Cerner Corporation (CERN)

Cerner Corporation (CERN) : First National Bank Of Hutchinson reduced its stake in Cerner Corporation by 0.55% during the most recent quarter end. The investment management company now holds a total of 16,222 shares of Cerner Corporation which is valued at $1,004,953 after selling 89 shares in Cerner Corporation , the firm said in a disclosure report filed with the SEC on Jul 25, 2016.Cerner Corporation makes up approximately 0.62% of First National Bank Of Hutchinson’s portfolio.

Other Hedge Funds, Including , Court Place Advisors reduced its stake in CERN by selling 350 shares or 4.65% in the most recent quarter. The Hedge Fund company now holds 7,180 shares of CERN which is valued at $444,801. Cerner Corporation makes up approx 0.25% of Court Place Advisors’s portfolio.Miller Howard Investments Inc Ny reduced its stake in CERN by selling 26,076 shares or 68.18% in the most recent quarter. The Hedge Fund company now holds 12,170 shares of CERN which is valued at $753,932. Cerner Corporation makes up approx 0.01% of Miller Howard Investments Inc Ny’s portfolio. Gierl Augustine Investment Management Inc sold out all of its stake in CERN during the most recent quarter. The investment firm sold 2,060 shares of CERN which is valued $124,342. Cue Financial Group sold out all of its stake in CERN during the most recent quarter. The investment firm sold 15,162 shares of CERN which is valued $915,178.

Cerner Corporation opened for trading at $62.31 and hit $62.71 on the upside on Friday, eventually ending the session at $62.39, with a gain of 0.24% or 0.15 points. The heightened volatility saw the trading volume jump to 18,49,699 shares. Company has a market cap of $21,093 M.

On the company’s financial health, Cerner Corporation reported $0.53 EPS for the quarter, based on the information available during the earnings call on May 5, 2016. Analyst had a consensus estimate of $0.53. The company had revenue of $1140.00 million for the quarter, compared to analysts expectations of $1167.19 million. The company’s revenue was up 14.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.45 EPS.

Many Wall Street Analysts have commented on Cerner Corporation. Cerner Corporation was Downgraded by Raymond James to ” Mkt Perform” on Jul 5, 2016. Cerner Corporation was Upgraded by SunTrust to ” Buy” on Jun 23, 2016. Shares were Reiterated by Topeka Capital Markets on May 6, 2016 to “Buy” and Lowered the Price Target to $ 64 from a previous price target of $65 .

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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