Keeler Thomas Management LLC Has $3.62 Million Stock Position in Cerner Co. (NASDAQ:CERN)

Keeler Thomas Management LLC increased its position in shares of Cerner Co. (NASDAQ:CERN) by 3.9% in the third quarter, HoldingsChannel reports. The firm owned 51,198 shares of the company’s stock after purchasing an additional 1,935 shares during the period. Cerner makes up approximately 1.7% of Keeler Thomas Management LLC’s investment portfolio, making the stock its 27th biggest holding. Keeler Thomas Management LLC’s holdings in Cerner were worth $3,616,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in CERN. Schroder Investment Management Group increased its position in shares of Cerner by 0.5% during the 1st quarter. Schroder Investment Management Group now owns 91,712 shares of the company’s stock worth $6,593,000 after purchasing an additional 426 shares in the last quarter. HM Payson & Co. increased its position in Cerner by 30.1% in the 1st quarter. HM Payson & Co. now owns 3,564 shares of the company’s stock valued at $256,000 after acquiring an additional 825 shares in the last quarter. Vigilant Capital Management LLC increased its position in Cerner by 180.3% in the 2nd quarter. Vigilant Capital Management LLC now owns 1,121 shares of the company’s stock valued at $88,000 after acquiring an additional 721 shares in the last quarter. New Mexico Educational Retirement Board increased its position in Cerner by 5.7% in the 2nd quarter. New Mexico Educational Retirement Board now owns 20,376 shares of the company’s stock valued at $1,593,000 after acquiring an additional 1,100 shares in the last quarter. Finally, 6 Meridian acquired a new stake in Cerner in the 2nd quarter valued at about $201,000. Institutional investors and hedge funds own 85.74% of the company’s stock.

Shares of CERN opened at $72.30 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.56 and a current ratio of 1.57. Cerner Co. has a twelve month low of $67.96 and a twelve month high of $84.20. The firm’s 50 day moving average price is $72.69 and its two-hundred day moving average price is $76.34. The firm has a market cap of $21.27 billion, a P/E ratio of 42.03, a PEG ratio of 2.01 and a beta of 0.74.

Cerner (NASDAQ:CERN) last announced its quarterly earnings results on Thursday, October 28th. The company reported $0.86 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.04. Cerner had a net margin of 9.15% and a return on equity of 19.54%. The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same quarter in the previous year, the firm posted $0.60 earnings per share. The business’s revenue was up 7.2% on a year-over-year basis. On average, sell-side analysts anticipate that Cerner Co. will post 2.74 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 12th. Shareholders of record on Monday, September 27th were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date was Friday, September 24th. Cerner’s payout ratio is currently 51.16%.

Several research firms have weighed in on CERN. SVB Leerink restated a “buy” rating on shares of Cerner in a research report on Sunday, October 17th. Barclays lifted their price target on shares of Cerner from $77.00 to $79.00 and gave the stock an “equal weight” rating in a research report on Monday, November 1st. Zacks Investment Research upgraded shares of Cerner from a “sell” rating to a “hold” rating and set a $80.00 price target for the company in a research report on Tuesday, November 2nd. Canaccord Genuity lifted their price target on shares of Cerner from $89.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, August 2nd. Finally, Morgan Stanley lifted their price target on shares of Cerner from $70.00 to $75.00 and gave the stock an “underweight” rating in a research report on Tuesday, August 31st. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $84.00.

Cerner Company Profile

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 and training, remote hosting, operational management services, revenue cycle services, support and maintenance, health care data analysis, clinical process optimization, transaction processing, employee wellness programs and third party administrator services for employer-based health plans.

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Institutional Ownership by Quarter for Cerner (NASDAQ:CERN)

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