Traders Buy Shares of Cerner (CERN) on Weakness

Investors purchased shares of Cerner Co. (NASDAQ:CERN) on weakness during trading hours on Tuesday. $29.66 million flowed into the stock on the tick-up and $11.92 million flowed out of the stock on the tick-down, for a money net flow of $17.74 million into the stock. Of all companies tracked, Cerner had the 30th highest net in-flow for the day. Cerner traded down ($0.09) for the day and closed at $57.58

A number of equities research analysts have weighed in on CERN shares. Zacks Investment Research reissued a “sell” rating on shares of Cerner in a report on Monday, December 31st. BidaskClub raised shares of Cerner from a “sell” rating to a “hold” rating in a report on Wednesday, February 13th. Finally, Morgan Stanley lowered shares of Cerner from an “equal weight” rating to an “underweight” rating and reduced their target price for the stock from $68.00 to $47.00 in a report on Thursday, February 28th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the stock. Cerner has a consensus rating of “Hold” and a consensus price target of $67.00.

The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.38 and a current ratio of 2.41. The company has a market cap of $18.72 billion, a P/E ratio of 26.37, a price-to-earnings-growth ratio of 1.91 and a beta of 0.97.

Cerner (NASDAQ:CERN) last posted its quarterly earnings data on Tuesday, February 5th. The company reported $0.63 EPS for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.06. Cerner had a net margin of 11.74% and a return on equity of 14.84%. The company had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same period in the prior year, the firm posted $0.58 EPS. The company’s quarterly revenue was up 3.9% on a year-over-year basis. On average, equities analysts predict that Cerner Co. will post 2.37 EPS for the current year.

Large investors have recently bought and sold shares of the company. Essex Savings Bank bought a new stake in shares of Cerner in the 4th quarter valued at $27,000. JNBA Financial Advisors bought a new stake in shares of Cerner in the 4th quarter valued at $34,000. Financial Gravity Companies Inc. bought a new stake in shares of Cerner in the 4th quarter valued at $44,000. Lindbrook Capital LLC bought a new stake in shares of Cerner in the 4th quarter valued at $62,000. Finally, Bremer Trust National Association bought a new stake in shares of Cerner in the 4th quarter valued at $86,000. 79.77% of the stock is currently owned by institutional investors.

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About Cerner (NASDAQ:CERN)

Cerner Corporation provides health care information technology solutions and tech-enabled 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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