Cerner Corporation on Focus After Bullish Options Activity

 Cerner Corporation on Focus After Bullish Options Activity

In today’s session Cerner Corporation (CERN) registered an unusually high (116) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious CERN increase. With 116 contracts traded and 2334 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: CERN161216C00065000 closed last at: $1.15 or 8% down. About 203,275 shares traded hands. Cerner Corporation (NASDAQ:CERN) has risen 16.19% since March 7, 2016 and is uptrending. It has outperformed by 8.60% the S&P500.

Analysts await Cerner Corporation (NASDAQ:CERN) to report earnings on November, 1. They expect $0.56 earnings per share, up 12.00% or $0.06 from last year’s $0.5 per share. CERN’s profit will be $189.97M for 27.49 P/E if the $0.56 EPS becomes a reality. After $0.53 actual earnings per share reported by Cerner Corporation for the previous quarter, Wall Street now forecasts 5.66% EPS growth.

Cerner Corporation (NASDAQ:CERN) Ratings Coverage

Out of 17 analysts covering Cerner Corporation (NASDAQ:CERN), 14 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 82% are positive. $87 is the highest target while $48 is the lowest. The $70.86 average target is 15.07% above today’s ($61.58) stock price. Cerner Corporation has been the topic of 33 analyst reports since August 5, 2015 according to StockzIntelligence Inc. As per Tuesday, September 29, the company rating was upgraded by RBC Capital Markets. The firm has “Top Pick” rating by RBC Capital Markets given on Thursday, January 7. The stock of Cerner Corporation (NASDAQ:CERN) has “Sell” rating given on Wednesday, August 5 by Stifel Nicolaus. SunTrust upgraded the shares of CERN in a report on Thursday, June 23 to “Buy” rating. The stock of Cerner Corporation (NASDAQ:CERN) earned “Hold” rating by Stifel Nicolaus on Wednesday, August 31. Stifel Nicolaus maintained it with “Sell” rating and $50 target price in Tuesday, September 15 report. The stock of Cerner Corporation (NASDAQ:CERN) earned “Overweight” rating by Barclays Capital on Friday, October 16. The firm has “Buy” rating given on Sunday, August 23 by Deutsche Bank. The stock of Cerner Corporation (NASDAQ:CERN) earned “Market Outperform” rating by Avondale on Wednesday, October 21. The stock has “Outperform” rating given by Oppenheimer on Wednesday, November 4.

According to Zacks Investment Research, “Cerner Corp. designs, develops, markets, installs and supports information technology and content solutions for healthcare organizations and consumers that are capable of being implemented on an individual, combined or enterprise-wide basis and are accessible over the internet by consumers, physicians and healthcare providers. Cerner’s integrated suite of solutions enable healthcare providers to improve operating effectiveness, reduce costs and improve the quality of care as measured by clinical outcomes.”

Insitutional Activity: The institutional sentiment increased to 1.19 in Q2 2016. Its up 0.02, from 1.17 in 2016Q1. The ratio improved, as 55 funds sold all Cerner Corporation shares owned while 203 reduced positions. 71 funds bought stakes while 236 increased positions. They now own 261.84 million shares or 1.43% less from 265.64 million shares in 2016Q1.
Alta Capital Ltd Llc has 0.97% invested in the company for 267,860 shares. Barrett Asset Management Limited Liability reported 17,290 shares or 0.09% of all its holdings. Public Employees Retirement Association Of Colorado, a Colorado-based fund reported 64,869 shares. Tudor Inv Corp Et Al holds 0.03% of its portfolio in Cerner Corporation (NASDAQ:CERN) for 21,608 shares. Van Eck Assocs has invested 0.1% of its portfolio in Cerner Corporation (NASDAQ:CERN). Smith Moore Co holds 6,974 shares or 0.17% of its portfolio. Envestnet Asset Mgmt last reported 194,189 shares in the company. Bbva Compass Inc has 0.39% invested in the company for 87,682 shares. Tower Cap Limited Liability Corporation (Trc) has 3,572 shares for 0.02% of their US portfolio. New York State Common Retirement Fund holds 0.16% of its portfolio in Cerner Corporation (NASDAQ:CERN) for 1.88M shares. Blackrock Advsrs Limited Liability Corporation holds 0.09% or 1.51 million shares in its portfolio. Vanguard Grp Inc last reported 26.89M shares in the company. Savings Bank Of The West has 4,026 shares for 0.03% of their US portfolio. Nippon Life has 0.01% invested in the company for 7,517 shares. Teachers Incorporated accumulated 1.87 million shares or 0.19% of the stock.

Insider Transactions: Since May 12, 2016, the stock had 0 insider purchases, and 11 insider sales for $75.81 million net activity. 325,705 shares were sold by ILLIG CLIFFORD W, worth $21.20M. 149,480 shares with value of $9.97M were sold by BURKE ZANE M on Wednesday, August 10. 3,700 shares were sold by Dillman Linda M, worth $201,502. On Friday, August 5 the insider PATTERSON NEAL L sold $28.78 million. Battaglioli Michael R. sold $134,680 worth of stock or 2,000 shares. Another trade for 9,000 shares valued at $501,480 was sold by ZOLLARS WILLIAM D. 50,000 shares with value of $3.36M were sold by Nill Michael on Monday, August 8.

Cerner Corporation is a supplier of healthcare information technology . The company has a market cap of $20.89 billion. The Firm offers a range of intelligent solutions and services that support the clinical, financial and operational needs of organizations. It has a 33.93 P/E ratio. The Company’s divisions include Domestic and Global.

CERN Company Profile

Cerner Corporation (Cerner) incorporated on October 6, 1986, is a supplier of healthcare information technology (HCIT). The Firm offers a range of intelligent solutions and services that support the clinical, financial and operational needs of organizations. The Company’s divisions include Domestic and Global. The Domestic segment includes the business activity in the United States. The Global segment includes the business activity in Aruba, Australia, Austria, Belgium, Brazil, Canada, Cayman Islands, Chile, Denmark, Egypt, England, Finland, France, Germany, Guam, India, Ireland, Luxembourg, Malaysia, Mexico, Netherlands, Norway, Portugal, Qatar, Romania, Saudi Arabia, Singapore, Slovakia, Spain, Sweden, Switzerland and the United Arab Emirates. The Firm offers software, hardware, professional and managed services. The Firm has systems in over 20,000 facilities across the world, including hospitals, physician practices, laboratories, ambulatory centers, behavioral health centers, cardiac facilities, radiology clinics, surgery centers, extended care facilities, retail pharmacies and employer sites.

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