Loomis Sayles Co L P buys $582,482,293 stake in Cerner Corporation (CERN)

Cerner Corporation (CERN) : Loomis Sayles Co L P scooped up 1,812,374 additional shares in Cerner Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 8,765,723 shares of Cerner Corporation which is valued at $582,482,293.Cerner Corporation makes up approximately 1.50% of Loomis Sayles Co L P’s portfolio.

Other Hedge Funds, Including , Aperio Group boosted its stake in CERN in the latest quarter, The investment management firm added 22,193 additional shares and now holds a total of 113,642 shares of Cerner Corporation which is valued at $7,551,511. Cerner Corporation makes up approx 0.06% of Aperio Group’s portfolio.Washington Trust Co boosted its stake in CERN in the latest quarter, The investment management firm added 59,157 additional shares and now holds a total of 374,955 shares of Cerner Corporation which is valued at $24,915,760. Cerner Corporation makes up approx 1.60% of Washington Trust Co’s portfolio.Sustainable Growth Advisers Lp boosted its stake in CERN in the latest quarter, The investment management firm added 362,762 additional shares and now holds a total of 3,384,183 shares of Cerner Corporation which is valued at $226,943,312. Cerner Corporation makes up approx 4.47% of Sustainable Growth Advisers Lp’s portfolio.Financial Architects Inc boosted its stake in CERN in the latest quarter, The investment management firm added 465 additional shares and now holds a total of 1,120 shares of Cerner Corporation which is valued at $69,384. Cerner Corporation makes up approx 0.02% of Financial Architects Inc’s portfolio.Seven Bridges Advisors reduced its stake in CERN by selling 726 shares or 13.09% in the most recent quarter. The Hedge Fund company now holds 4,821 shares of CERN which is valued at $298,661. Cerner Corporation makes up approx 0.25% of Seven Bridges Advisors’s portfolio.

Cerner Corporation opened for trading at $64.43 and hit $65.24 on the upside on Monday, eventually ending the session at $65, with a gain of 0.56% or 0.36 points. The heightened volatility saw the trading volume jump to 15,12,660 shares. Company has a market cap of $21,951 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.

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