Breaking: Cerner Corp (NASDAQ:CERN) Buy Rating Kept by Piper Jaffray Today; The Target Price is Set to $70.0

January 17, 2018 - By Migdalia James

 Breaking: Cerner Corp (NASDAQ:CERN) Buy Rating Kept by Piper Jaffray Today; The Target Price is Set to $70.0

Investors sentiment increased to 0.98 in Q3 2017. Its up 0.11, from 0.87 in 2017Q2. It is positive, as 44 investors sold Cerner Corporation shares while 209 reduced holdings. 59 funds opened positions while 190 raised stakes. 263.89 million shares or 3.63% more from 254.64 million shares in 2017Q2 were reported.

Calamos Advsr Ltd Llc reported 0.03% of its portfolio in Cerner Corporation (NASDAQ:CERN). Moreover, Lazard Asset Mgmt Ltd Co has 0% invested in Cerner Corporation (NASDAQ:CERN) for 28 shares. Lombard Odier Asset Mngmt (Europe) Limited invested in 0.02% or 4,195 shares. Jag Cap Limited Liability Corp reported 34,719 shares. Nippon Life Insurance owns 11,428 shares. Ny State Common Retirement Fund accumulated 1.97 million shares. State Of Tennessee Treasury Department stated it has 116,393 shares or 0.04% of all its holdings. Warren Averett Asset Mngmt Limited Liability stated it has 0.05% of its portfolio in Cerner Corporation (NASDAQ:CERN). Ellington Management Grp Inc Ltd Liability Corp reported 11,700 shares stake. Douglass Winthrop Advisors Ltd Com has invested 0.1% in Cerner Corporation (NASDAQ:CERN). Retirement Of Alabama invested 0.06% in Cerner Corporation (NASDAQ:CERN). Steinberg Global Asset has invested 0.22% in Cerner Corporation (NASDAQ:CERN). New York State Teachers Retirement System reported 454,713 shares. Maryland Cap Mgmt holds 5,700 shares or 0.06% of its portfolio. Bancorp Of Nova Scotia invested in 0.02% or 54,820 shares.

Since August 11, 2017, it had 0 insider buys, and 6 sales for $28.54 million activity. 94,000 shares valued at $6.34 million were sold by BURKE ZANE M on Friday, September 1. Nill Michael also sold $7.01 million worth of Cerner Corporation (NASDAQ:CERN) on Wednesday, September 13. Another trade for 118,113 shares valued at $7.33M was made by ILLIG CLIFFORD W on Friday, August 11. Battaglioli Michael R. sold $279,560 worth of Cerner Corporation (NASDAQ:CERN) on Wednesday, December 13.

Cerner Corp (NASDAQ:CERN) Rating Reaffirmed

In an analyst report shared with investors and clients on Friday morning, The Buy rating of Cerner Corp (NASDAQ:CERN) shares was maintained by Piper Jaffray, who now has a $70.0 TP on the stock. Piper Jaffray’s TP means a possible downside of -0.84 % from the last price of the company.

Investors sentiment increased to 0.98 in Q3 2017. Its up 0.11, from 0.87 in 2017Q2. It is positive, as 44 investors sold Cerner Corporation shares while 209 reduced holdings. 59 funds opened positions while 190 raised stakes. 263.89 million shares or 3.63% more from 254.64 million shares in 2017Q2 were reported.

Calamos Advsr Ltd Llc reported 0.03% of its portfolio in Cerner Corporation (NASDAQ:CERN). Moreover, Lazard Asset Mgmt Ltd Co has 0% invested in Cerner Corporation (NASDAQ:CERN) for 28 shares. Lombard Odier Asset Mngmt (Europe) Limited invested in 0.02% or 4,195 shares. Jag Cap Limited Liability Corp reported 34,719 shares. Nippon Life Insurance owns 11,428 shares. Ny State Common Retirement Fund accumulated 1.97 million shares. State Of Tennessee Treasury Department stated it has 116,393 shares or 0.04% of all its holdings. Warren Averett Asset Mngmt Limited Liability stated it has 0.05% of its portfolio in Cerner Corporation (NASDAQ:CERN). Ellington Management Grp Inc Ltd Liability Corp reported 11,700 shares stake. Douglass Winthrop Advisors Ltd Com has invested 0.1% in Cerner Corporation (NASDAQ:CERN). Retirement Of Alabama invested 0.06% in Cerner Corporation (NASDAQ:CERN). Steinberg Global Asset has invested 0.22% in Cerner Corporation (NASDAQ:CERN). New York State Teachers Retirement System reported 454,713 shares. Maryland Cap Mgmt holds 5,700 shares or 0.06% of its portfolio. Bancorp Of Nova Scotia invested in 0.02% or 54,820 shares.

Since August 11, 2017, it had 0 insider buys, and 6 sales for $28.54 million activity. 94,000 shares valued at $6.34 million were sold by BURKE ZANE M on Friday, September 1. Nill Michael also sold $7.01 million worth of Cerner Corporation (NASDAQ:CERN) on Wednesday, September 13. Another trade for 118,113 shares valued at $7.33M was made by ILLIG CLIFFORD W on Friday, August 11. Battaglioli Michael R. sold $279,560 worth of Cerner Corporation (NASDAQ:CERN) on Wednesday, December 13.

Cerner Corporation (NASDAQ:CERN) Ratings Coverage

Among 26 analysts covering Cerner Corporation (NASDAQ:CERN), 12 have Buy rating, 1 Sell and 13 Hold. Therefore 46% are positive. Cerner Corporation has $87 highest and $45 lowest target. $67.25’s average target is -4.73% below currents $70.59 stock price. Cerner Corporation had 91 analyst reports since August 5, 2015 according to SRatingsIntel. The stock of Cerner Corporation (NASDAQ:CERN) has “Hold” rating given on Tuesday, January 16 by SunTrust. The rating was downgraded by Bank of America on Monday, November 7 to “Underperform”. The stock of Cerner Corporation (NASDAQ:CERN) earned “Hold” rating by Oppenheimer on Monday, July 31. The firm has “Hold” rating given on Friday, October 27 by J.P. Morgan. The firm has “Hold” rating given on Thursday, August 31 by Robert W. Baird. Cantor Fitzgerald maintained Cerner Corporation (NASDAQ:CERN) on Monday, December 18 with “Buy” rating. The stock of Cerner Corporation (NASDAQ:CERN) has “Sell” rating given on Tuesday, September 15 by Stifel Nicolaus. The rating was maintained by Deutsche Bank on Tuesday, November 10 with “Buy”. The firm has “Neutral” rating given on Tuesday, February 23 by Goldman Sachs. The rating was initiated by Bank of America with “Buy” on Monday, September 19.

The stock decreased 0.04% or $0.03 during the last trading session, reaching $70.59. About 356,850 shares traded. Cerner Corporation (NASDAQ:CERN) has risen 19.54% since January 17, 2017 and is uptrending. It has outperformed by 2.84% the S&P500.

Analysts await Cerner Corporation (NASDAQ:CERN) to report earnings on February, 8. They expect $0.58 earnings per share, up 1.75 % or $0.01 from last year’s $0.57 per share. CERN’s profit will be $192.80M for 30.43 P/E if the $0.58 EPS becomes a reality. After $0.57 actual earnings per share reported by Cerner Corporation for the previous quarter, Wall Street now forecasts 1.75 % EPS growth.

Cerner Corporation designs, develops, markets, installs, hosts, and supports health care information technology, health care devices, hardware, and content solutions for health care organizations and clients in the United States and internationally. The company has market cap of $23.47 billion. The firm offers Cerner Millennium architecture, which includes clinical, financial, and management information systems that allow providers to access an individualÂ’s electronic health record at the point of care, and organizes and delivers information for physicians, nurses, laboratory technicians, pharmacists, front- and back-office professionals, and consumers. It has a 35.14 P/E ratio. It also provides HealtheIntent platform, a cloud platform that enables organizations to aggregate, transform, and reconcile data across the continuum of care, as well as assists to enhance outcomes and lower costs.

Another recent and important Cerner Corporation (NASDAQ:CERN) news was published by Globenewswire.com which published an article titled: “Cerner Corporation Names Brent Shafer CEO, Chairman” on January 10, 2018.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.