S&CO Inc. lowered its position in Cerner Co. (NASDAQ:CERN) by 2.4% during the third quarter, Holdings Channel reports. The institutional investor owned 52,184 shares of the company’s stock after selling 1,300 shares during the quarter. S&CO Inc.’s holdings in Cerner were worth $3,361,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. Icon Wealth Partners LLC acquired a new stake in Cerner in the 2nd quarter worth approximately $102,000. Moneta Group Investment Advisors LLC boosted its stake in Cerner by 3,608.5% in the 2nd quarter. Moneta Group Investment Advisors LLC now owns 31,411 shares of the company’s stock worth $124,000 after purchasing an additional 30,564 shares in the last quarter. CWM LLC boosted its stake in Cerner by 880.5% in the 2nd quarter. CWM LLC now owns 2,510 shares of the company’s stock worth $150,000 after purchasing an additional 2,254 shares in the last quarter. Alpha Windward LLC acquired a new stake in Cerner in the 2nd quarter worth approximately $160,000. Finally, Qube Research & Technologies Ltd boosted its stake in Cerner by 85.4% in the 2nd quarter. Qube Research & Technologies Ltd now owns 2,898 shares of the company’s stock worth $173,000 after purchasing an additional 1,335 shares in the last quarter. 76.33% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ CERN opened at $58.54 on Thursday. The company has a quick ratio of 2.60, a current ratio of 2.63 and a debt-to-equity ratio of 0.09. Cerner Co. has a 12 month low of $50.91 and a 12 month high of $73.43. The company has a market cap of $18.98 billion, a price-to-earnings ratio of 26.61, a price-to-earnings-growth ratio of 1.88 and a beta of 0.96.
In other Cerner news, EVP Julie M. Wilson sold 67,574 shares of Cerner stock in a transaction that occurred on Friday, August 17th. The shares were sold at an average price of $64.73, for a total transaction of $4,374,065.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Vice Chairman Clifford W. Illig sold 250,000 shares of Cerner stock in a transaction that occurred on Friday, November 2nd. The shares were sold at an average price of $57.53, for a total transaction of $14,382,500.00. Following the sale, the insider now owns 1,229,719 shares of the company’s stock, valued at $70,745,734.07. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,134,070 shares of company stock valued at $71,159,251. Company insiders own 4.71% of the company’s stock.
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Cerner Corporation provides health care information technology solutions and services in the United States and internationally. The company offers Cerner Millennium architecture, a person-centric computing framework, which includes clinical, financial, and management information systems that allow providers to access an individual's electronic health record (EHR) at the point of care, and organizes and delivers information for physicians, nurses, laboratory technicians, pharmacists, front- and back-office professionals, and consumers.
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