Cerner Corporation (NASDAQ:CERN) has made a 45.55% comeback from a 12-month low price of $48.78. It was seen 0.47% higher, changing the price to $71, when the closing bell rang on 6/19/2019. At a recent session, the prices were hovering between $70.555 and $71.31. This company shares are -0.24% up from its target price of $70.83 and the current market capitalization stands at $23.19B. The recent change has given its price a 4.74% lead over SMA 50 and -3.06% deficit over its 52-week high. The stock witnessed 2.08% gains, 23.26% gains and 30.76% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found CERN’s volatility during a week at 1.29% and during a month it has been found around 1.52%.
What Does Cerner Corporation (CERN) Do?
The company describes itself in regulatory filings as, “Cerner Corp. designs, develops, markets, installs, hosts and supports health care information technology, health care devices, hardware and content solutions for health care organizations and consumers. The company also provides value-added services, including implementation & training, remote hosting, operational management services, revenue cycle services, support and maintenance, health care data analysis, clinical process optimization, transaction processing, employer health centers, employee wellness programs and third party administrator services for employer-based health plans. It operates through the following segments: Domestic and Global. The Domestic segment includes revenue contributions and expenditures associated with business activity in the United States. The Global segment includes revenue contributions and expenditures linked to business activity in Aruba, Australia, Austria, the Bahamas, Belgium, Bermuda, Brazil, Canada, Cayman Islands, Chile, Denmark, Egypt, England, Finland, France, Germany, Guam, India, Ireland, Kuwait, Luxembourg, Malaysia, Mexico, Netherlands, Norway, Portugal, Qatar, Romania, Saudi Arabia, Singapore, Slovakia, Spain, Sweden, Switzerland and the United Arab Emirates. The company was founded by Neal L. Patterson, Clifford W. Illig and Paul N. Gorup in 1979 and is headquartered in North Kansas City, MO.” [Text can be found here: https://www.marketwatch.com/investing/stock/CERN/profile under company description.]Cerner Corporation (CERN) Top Holders
Institutional investors currently hold around $19 billion or 84.6% in CERN stock. Look at its top three institutional owners: Vanguard Group Inc owns $2.34 billion in Cerner Corporation, which represents roughly 10.07% of the company’s market cap and approximately 12.3% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 23,927,386 shares of the stock are valued at $1.69 billion. The third largest holder is Bank Of New York Mellon Corp, which currently holds $1.02 billion worth of this stock and that ownership represents nearly 4.38% of its market capitalization.
At the end of March reporting period, 315 institutional holders increased their position in Cerner Corporation (NASDAQ:CERN) by some 23,694,736 shares, 308 decreased positions by 16,771,024 and 121 held positions by 228,319,527. That puts total institutional holdings at 268,785,287 shares, according to SEC filings. The stock grabbed 67 new institutional investments totaling 4,938,325 shares while 58 institutional investors sold out their entire positions totaling 6,156,155 shares.Cerner Corporation (NASDAQ:CERN) Insider Trades
Multiple company employees have indulged in significant insider trading. Cerner Corporation disclosed in a document filed with the US Securities and Exchange Commission (SEC) that EVP, CLO & Secretary SIMS RANDY D has sold 40,000 shares of Cerner Corporation (CERN) in the trading session dated Jun. 13, 2019. These shares are worth $2,898,000 and were traded at $72.45 each. The SEC filing shows that ZOLLARS WILLIAM D performed a sale of 1,400 shares. The Director disposed these shares by way of transaction on Jun. 12, 2019. The company’s shares were given away at $72.11 per share worth to an income of some $100,954 to the account of ZOLLARS WILLIAM D.
Director, Dillman Linda M, sold 4,100 common shares of Cerner Corporation (CERN) in the open market. In a transaction dated May. 30, 2019, the shares were put up for sale at an average price of $70.14, raking in a sum of $287,574. After this sale, 26,334 common shares of CERN are directly owned by the insider, with total stake valued at $1,869,714.
In the transaction dated May. 29, 2019, a great number of shares sold came courtesy the Exec VP & COO; Nill Michael disposed a total of 244,000 shares at an average price of $69.42, amounting to approximately $16,938,480. The insider now directly owns 50,467 shares worth $3,583,157.Cerner Corporation (CERN) Analyst Guide
Several analysts have released their opinion on Cerner Corporation (NASDAQ:CERN), with 8 analysts believing it is a strong buy. Whereas 8 of them predict the stock is a hold. Also, there are 5 buy, 1 sell and 0 strong sell ratings, collectively assigning a 2.09 average brokerage recommendation [T1].