Scharf Investments LLC Has Trimmed Cerner Corp (CERN) Position as Share Price Rose

December 7, 2017 - By Richard Conner

Investors sentiment decreased to 0.87 in 2017 Q2. Its down 0.06, from 0.93 in 2017Q1. It dived, as 39 investors sold CERN shares while 243 reduced holdings. 74 funds opened positions while 170 raised stakes. 254.64 million shares or 2.84% less from 262.07 million shares in 2017Q1 were reported. Van Den Berg Mgmt I owns 377,906 shares. Cambridge Rech Advsr Incorporated holds 0.06% or 57,437 shares. Peapack Gladstone Corporation has 38,642 shares. Capstone Inv Advsr Lc, New York-based fund reported 40,211 shares. Seaward Mngmt LP stated it has 0.19% of its portfolio in Cerner Corporation (NASDAQ:CERN). Gyroscope Capital Limited Company invested in 4,025 shares or 0.13% of the stock. 12,710 were accumulated by Legacy Cap Partners. Leavell Inv Management reported 22,286 shares or 0.19% of all its holdings. Invsts accumulated 4.84 million shares or 0.43% of the stock. 1,100 were accumulated by Benjamin F Edwards And. Meritage Management accumulated 4,946 shares or 0.03% of the stock. Phocas holds 0% or 200 shares in its portfolio. Umb Bancorp N A Mo invested in 440,620 shares. Robeco Institutional Asset Bv reported 15,075 shares. Vanguard Grp Inc Inc holds 29.30M shares or 0.1% of its portfolio.

Scharf Investments Llc decreased its stake in Cerner Corp (CERN) by 18.54% based on its latest 2017Q2 regulatory filing with the SEC. Scharf Investments Llc sold 369,387 shares as the company’s stock rose 14.16% with the market. The institutional investor held 1.62M shares of the edp services company at the end of 2017Q2, valued at $107.91 million, down from 1.99M at the end of the previous reported quarter. Scharf Investments Llc who had been investing in Cerner Corp for a number of months, seems to be less bullish one the $23.25B market cap company. The stock increased 0.52% or $0.36 during the last trading session, reaching $69.94. About 850,259 shares traded. Cerner Corporation (NASDAQ:CERN) has risen 19.54% since December 7, 2016 and is uptrending. It has outperformed by 2.84% the S&P500.

Scharf Investments Llc, which manages about $2.69 billion and $4.26 billion US Long portfolio, upped its stake in Kansas City Southern (NYSE:KSU) by 305,453 shares to 1.22M shares, valued at $127.78 million in 2017Q2, according to the filing. It also increased its holding in L Brands Inc (LTD) by 3.10 million shares in the quarter, for a total of 3.10M shares, and has risen its stake in Visa Inc (NYSE:V).

Analysts await Cerner Corporation (NASDAQ:CERN) to report earnings on February, 8. They expect $0.59 earnings per share, up 3.51 % or $0.02 from last year’s $0.57 per share. CERN’s profit will be $196.12M for 29.64 P/E if the $0.59 EPS becomes a reality. After $0.57 actual earnings per share reported by Cerner Corporation for the previous quarter, Wall Street now forecasts 3.51 % EPS growth.

More recent Cerner Corporation (NASDAQ:CERN) news were published by: Nasdaq.com which released: “Sterling Construction, Cerner, Lululemon, Broadcom and Qualcomm highlighted as …” on December 07, 2017. Also Zacks.com published the news titled: “Bear Of The Day: Cerner Corp (CERN)” on December 07, 2017. Nasdaq.com‘s news article titled: “Cerner Corporation (CERN) Surges: Stock Moves 5% Higher” with publication date: November 24, 2017 was also an interesting one.

Cerner Corporation (NASDAQ:CERN) Ratings Coverage

Among 26 analysts covering Cerner Corporation (NASDAQ:CERN), 13 have Buy rating, 1 Sell and 12 Hold. Therefore 50% are positive. Cerner Corporation had 86 analyst reports since August 5, 2015 according to SRatingsIntel. Canaccord Genuity maintained it with “Buy” rating and $69.0 target in Monday, September 4 report. The stock of Cerner Corporation (NASDAQ:CERN) earned “Buy” rating by Jefferies on Friday, August 11. Piper Jaffray maintained Cerner Corporation (NASDAQ:CERN) rating on Friday, October 27. Piper Jaffray has “Buy” rating and $70.0 target. As per Thursday, October 6, the company rating was initiated by UBS. The company was maintained on Tuesday, July 4 by Jefferies. The firm earned “Buy” rating on Thursday, November 9 by Cantor Fitzgerald. The firm earned “Outperform” rating on Tuesday, October 31 by Robert W. Baird. The stock of Cerner Corporation (NASDAQ:CERN) earned “Buy” rating by Canaccord Genuity on Wednesday, September 16. The stock of Cerner Corporation (NASDAQ:CERN) has “Buy” rating given on Monday, September 19 by Bank of America. The firm earned “Buy” rating on Thursday, July 27 by Canaccord Genuity.

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