Notable Mover: Time to Buy Cerner Corporation After Today’s Huge Increase?

Notable Mover: Time to Buy Cerner Corporation After Today's Huge Increase?

The stock of Cerner Corporation (NASDAQ:CERN) is a huge mover today! About 517,933 shares traded hands. Cerner Corporation (NASDAQ:CERN) has risen 13.43% since March 9, 2016 and is uptrending. It has outperformed by 6.02% the S&P500.
The move comes after 9 months positive chart setup for the $20.34B company. It was reported on Oct, 12 by Barchart.com. We have $89.47 PT which if reached, will make NASDAQ:CERN worth $9.36B more.

Analysts await Cerner Corporation (NASDAQ:CERN) to report earnings on November, 1. They expect $0.56 EPS, up 12.00% or $0.06 from last year’s $0.5 per share. CERN’s profit will be $185.87 million for 27.36 P/E if the $0.56 EPS becomes a reality. After $0.53 actual EPS reported by Cerner Corporation for the previous quarter, Wall Street now forecasts 5.66% EPS growth.

Cerner Corporation (NASDAQ:CERN) Ratings Coverage

Out of 17 analysts covering Cerner Corporation (NASDAQ:CERN), 14 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 82% are positive. Cerner Corporation has been the topic of 33 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Friday, May 6 by Topeka Capital Markets. The firm earned “Buy” rating on Sunday, August 23 by Deutsche Bank. The stock of Cerner Corporation (NASDAQ:CERN) earned “Buy” rating by SunTrust on Thursday, June 23. The firm earned “Buy” rating on Monday, September 19 by Bank of America. The stock has “Buy” rating given by Suntrust Robinson on Thursday, June 23. As per Wednesday, September 16, the company rating was initiated by Canaccord Genuity. Stifel Nicolaus reinitiated the stock with “Hold” rating in Wednesday, August 31 report. The stock of Cerner Corporation (NASDAQ:CERN) has “Overweight” rating given on Friday, October 16 by Barclays Capital. Piper Jaffray maintained Cerner Corporation (NASDAQ:CERN) rating on Monday, August 24. Piper Jaffray has “Overweight” rating and $87 price target. Oppenheimer maintained it with “Outperform” rating and $71 target price in Wednesday, November 4 report.

According to Zacks Investment Research, “Cerner Corp. designs, develops, markets, installs and supports information technology and content solutions for healthcare organizations and consumers that are capable of being implemented on an individual, combined or enterprise-wide basis and are accessible over the internet by consumers, physicians and healthcare providers. Cerner’s integrated suite of solutions enable healthcare providers to improve operating effectiveness, reduce costs and improve the quality of care as measured by clinical outcomes.”

Insitutional Activity: The institutional sentiment increased to 1.19 in 2016 Q2. Its up 0.02, from 1.17 in 2016Q1. The ratio improved, as 55 funds sold all Cerner Corporation shares owned while 203 reduced positions. 71 funds bought stakes while 236 increased positions. They now own 261.84 million shares or 1.43% less from 265.64 million shares in 2016Q1.
Ncm Cap Advisers accumulated 11,203 shares or 1.88% of the stock. Thrivent Fincl For Lutherans accumulated 0.19% or 696,259 shares. Barrett Asset Mgmt Ltd Liability Company accumulated 17,290 shares or 0.09% of the stock. Prudential Finance holds 0.05% of its portfolio in Cerner Corporation (NASDAQ:CERN) for 500,217 shares. Firstmerit Retail Bank N A Trustee accumulated 5,743 shares or 0.03% of the stock. Atlantic Tru Group Ltd Liability Corporation, a Georgia-based fund reported 72,381 shares. Kcm Invest Advisors Ltd Liability has invested 0.21% of its portfolio in Cerner Corporation (NASDAQ:CERN). Moreover, Clearbridge Limited Liability Corp has 0% invested in Cerner Corporation (NASDAQ:CERN) for 100 shares. Moreover, Pnc Fincl Services Group Inc Inc has 0.01% invested in Cerner Corporation (NASDAQ:CERN) for 111,880 shares. State Board Of Administration Of Florida Retirement holds 0.08% or 442,966 shares in its portfolio. Gemmer Asset Mngmt Limited Liability Corp has invested 0.01% of its portfolio in Cerner Corporation (NASDAQ:CERN). Bp Plc has invested 0.09% of its portfolio in Cerner Corporation (NASDAQ:CERN). Princeton Port Strategies reported 17,925 shares or 0.34% of all its holdings. Moreover, Voloridge Investment Management Lc has 0.05% invested in Cerner Corporation (NASDAQ:CERN) for 31,433 shares. Maryland Cap Mgmt reported 154,165 shares or 1.42% of all its holdings.

Insider Transactions: Since May 12, 2016, the stock had 0 insider purchases, and 11 sales for $75.81 million net activity. The insider Dillman Linda M sold 6,000 shares worth $388,080. Another trade for 2,000 shares valued at $134,680 was sold by Battaglioli Michael R.. $5.94 million worth of Cerner Corporation (NASDAQ:CERN) was sold by NAUGHTON MARC G on Friday, August 5. BURKE ZANE M sold $9.97M worth of Cerner Corporation (NASDAQ:CERN) on Wednesday, August 10. 325,705 shares with value of $21.20M were sold by ILLIG CLIFFORD W on Wednesday, August 17. $28.78M worth of Cerner Corporation (NASDAQ:CERN) shares were sold by PATTERSON NEAL L. 46,923 shares were sold by WILSON JULIE M, worth $3.16 million on Monday, August 8.

CERN Company Profile

Cerner Corporation (Cerner) incorporated on October 6, 1986, is a supplier of healthcare information technology (HCIT). The Firm offers a range of intelligent solutions and services that support the clinical, financial and operational needs of organizations. The Company’s divisions include 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, Belgium, Brazil, Canada, Cayman Islands, Chile, Denmark, Egypt, England, Finland, France, Germany, Guam, India, Ireland, Luxembourg, Malaysia, Mexico, Netherlands, Norway, Portugal, Qatar, Romania, Saudi Arabia, Singapore, Slovakia, Spain, Sweden, Switzerland and the United Arab Emirates. The Firm offers software, hardware, professional and managed services. The Firm has systems in over 20,000 facilities across the world, including hospitals, physician practices, laboratories, ambulatory centers, behavioral health centers, cardiac facilities, radiology clinics, surgery centers, extended care facilities, retail pharmacies and employer sites.

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