Amica Mutual Insurance Co. Holds Stake in Cerner Corp. (CERN)
Amica Mutual Insurance Co. maintained its position in Cerner Corp. (NASDAQ:CERN) during the third quarter, Holdings Channel reports. The fund owned 25,820 shares of the company’s stock at the end of the third quarter. Amica Mutual Insurance Co.’s holdings in Cerner Corp. were worth $1,594,000 as of its most recent filing with the SEC.
Other institutional investors have also recently added to or reduced their stakes in the company. Nuveen Asset Management LLC increased its position in Cerner Corp. by 2.5% in the first quarter. Nuveen Asset Management LLC now owns 19,604 shares of the company’s stock worth $1,038,000 after buying an additional 478 shares in the last quarter. Arizona State Retirement System increased its position in Cerner Corp. by 0.6% in the first quarter. Arizona State Retirement System now owns 82,100 shares of the company’s stock worth $4,348,000 after buying an additional 500 shares in the last quarter. Squarepoint Ops LLC purchased a new position in Cerner Corp. during the first quarter worth approximately $1,327,000. Ladenburg Thalmann Financial Services Inc. increased its position in Cerner Corp. by 10.6% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 10,580 shares of the company’s stock worth $560,000 after buying an additional 1,016 shares in the last quarter. Finally, Avalon Advisors LLC increased its position in Cerner Corp. by 13.5% in the first quarter. Avalon Advisors LLC now owns 10,622 shares of the company’s stock worth $563,000 after buying an additional 1,263 shares in the last quarter. Hedge funds and other institutional investors own 81.17% of the company’s stock.
Cerner Corp. (NASDAQ:CERN) last issued its quarterly earnings results on Tuesday, November 1st. The company reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.60 by $0.01. The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.24 billion. Cerner Corp. had a return on equity of 18.39% and a net margin of 13.85%. Cerner Corp.’s revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.54 earnings per share.
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A number of equities analysts recently commented on CERN shares. Barclays PLC increased their price objective on Cerner Corp. from $55.00 to $67.00 and gave the stock an “overweight” rating in a report on Wednesday, August 3rd. Citigroup Inc. increased their price target on Cerner Corp. from $65.00 to $73.00 and gave the company a “buy” rating in a report on Wednesday, August 3rd. Deutsche Bank AG lowered their price target on Cerner Corp. from $67.00 to $66.00 and set a “buy” rating on the stock in a report on Wednesday, August 3rd. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Cerner Corp. in a report on Wednesday, August 3rd. Finally, Vetr downgraded Cerner Corp. from a “hold” rating to a “sell” rating and set a $64.78 price target on the stock. in a report on Monday, August 8th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $64.88.
In other news, Director William D. Zollars sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, November 7th. The shares were sold at an average price of $51.50, for a total transaction of $515,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Linda M. Dillman sold 6,000 shares of the stock in a transaction that occurred on Tuesday, September 6th. The shares were sold at an average price of $64.68, for a total value of $388,080.00. The disclosure for this sale can be found here. Insiders own 13.20% of the company’s stock.
Cerner Corp. Company Profile
Cerner Corporation is a supplier of healthcare information technology (HCIT). The Company offers a range of intelligent solutions and services that support the clinical, financial and operational needs of organizations. Its segments include Domestic and Global. The Domestic segment includes the business activity in the United States.
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