Cerner Corporation Stock Price Could Go Down After Today’s Bearish Options Activity

 Cerner Corporation Stock Price Could Go Down After Today's Bearish Options Activity

In today’s session Cerner Corporation (CERN) recorded an unusually high (298) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious CERN decrease. With 298 contracts traded and 20174 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: CERN170120P00050000 closed last at: $1.5 or 50% up. About 1.94M shares traded hands. Cerner Corporation (NASDAQ:CERN) has declined 3.16% since April 5, 2016 and is downtrending. It has underperformed by 5.12% the S&P500.

Cerner Corporation (NASDAQ:CERN) Ratings Coverage

Out of 17 analysts covering Cerner Corporation (NASDAQ:CERN), 13 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 76% are positive. $87 is the highest target while $48 is the lowest. The $69 average target is 31.38% above today’s ($52.52) stock price. Cerner Corporation has been the topic of 35 analyst reports since August 5, 2015 according to StockzIntelligence Inc. On Wednesday, November 4 the stock rating was maintained by Deutsche Bank with “Buy”. The firm has “Neutral” rating by Robert W. Baird given on Wednesday, November 2. Stifel Nicolaus maintained Cerner Corporation (NASDAQ:CERN) rating on Tuesday, September 15. Stifel Nicolaus has “Sell” rating and $50 price target. Canaccord Genuity initiated Cerner Corporation (NASDAQ:CERN) on Wednesday, September 16 with “Buy” rating. Oppenheimer maintained it with “Outperform” rating and $71 target price in Wednesday, November 4 report. The stock of Cerner Corporation (NASDAQ:CERN) earned “Top Pick” rating by RBC Capital Markets on Thursday, January 7. As per Monday, September 19, the company rating was initiated by Bank of America. Avondale initiated the stock with “Market Outperform” rating in Wednesday, October 21 report. On Monday, August 24 the stock rating was maintained by Piper Jaffray with “Overweight”. The firm earned “Buy” rating on Tuesday, September 8 by Topeka Capital Markets.

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 increased, 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.
Shinko Asset Mgmt Ltd has 0% invested in the company for 783 shares. First National Bank Of Hutchinson reported 16,222 shares or 0.59% of all its holdings. Employees Retirement Systems Of Texas owns 79,000 shares or 0.06% of their US portfolio. Loring Wolcott Coolidge Fiduciary Advsr Limited Liability Partnership Ma, a Massachusetts-based fund reported 7,155 shares. Evercore Wealth Mngmt last reported 0.01% of its portfolio in the stock. Voloridge Invest Mngmt Lc reported 31,433 shares or 0.05% of all its holdings. The Rhode Island-based Parsons Cap Mgmt Ri has invested 0.15% in Cerner Corporation (NASDAQ:CERN). Shelton Capital Mngmt has 26,829 shares for 0.14% of their US portfolio. Hightower Advsrs holds 0.04% or 49,808 shares in its portfolio. Capwealth Advisors Ltd Liability Co holds 0% or 7 shares in its portfolio. Moreover, Gateway Invest Advisers Limited Liability Corp has 0.03% invested in Cerner Corporation (NASDAQ:CERN) for 69,224 shares. Congress Asset Mgmt Ma last reported 0.01% of its portfolio in the stock. Fincl Bank Of America De holds 0.07% or 5.34 million shares in its portfolio. Brown Advisory accumulated 0.06% or 306,423 shares. Comerica Financial Bank has invested 0.07% of its portfolio in Cerner Corporation (NASDAQ:CERN).

Insider Transactions: Since May 12, 2016, the stock had 0 buys, and 11 insider sales for $75.81 million net activity. The insider Dillman Linda M sold $201,502. ZOLLARS WILLIAM D had sold 9,000 shares worth $501,480 on Wednesday, June 1. NAUGHTON MARC G also sold $5.94 million worth of Cerner Corporation (NASDAQ:CERN) shares. 325,705 Cerner Corporation (NASDAQ:CERN) shares with value of $21.20M were sold by ILLIG CLIFFORD W. WILSON JULIE M also sold $3.16 million worth of Cerner Corporation (NASDAQ:CERN) on Monday, August 8. $9.97M worth of shares were sold by BURKE ZANE M on Wednesday, August 10. Shares for $2.17 million were sold by PATTERSON NEAL L on Thursday, May 12.

Cerner Corporation is a supplier of healthcare information technology . The company has a market cap of $16.09 billion. The Firm offers a range of intelligent solutions and services that support the clinical, financial and operational needs of organizations. It has a 27.81 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.

Another recent and important Cerner Corporation (NASDAQ:CERN) news was published by Fool.com which published an article titled: “Cerner Corporation Disappoints in Q3 With Weak System Sales” on November 02, 2016.

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