As Cerner Corp (CERN) Market Valuation Rose, Maryland Capital Management Decreased Holding by $12.33 Million

January 22, 2018 - By Louis Casey

Investors sentiment increased to 0.98 in 2017 Q3. Its up 0.11, from 0.87 in 2017Q2. It increased, as 44 investors sold CERN 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. Adell Harriman Carpenter holds 32,198 shares. Gotham Asset Mgmt Ltd Liability Company holds 0.2% or 190,322 shares. Btim Corporation reported 7,175 shares or 0.01% of all its holdings. Suffolk Capital Mngmt Ltd Com reported 162,248 shares. Parametric Portfolio Limited Company invested in 632,386 shares. Columbia Prtn L L C Invest Management stated it has 0.55% of its portfolio in Cerner Corporation (NASDAQ:CERN). Mitchell Mcleod Pugh & Williams Incorporated owns 7,210 shares. New York-based Cim Ltd Com has invested 4.09% in Cerner Corporation (NASDAQ:CERN). Beese Fulmer Mgmt holds 0.39% of its portfolio in Cerner Corporation (NASDAQ:CERN) for 23,959 shares. D E Shaw Com owns 54,331 shares. Panagora Asset holds 0% or 15,661 shares in its portfolio. Buckingham Cap Mngmt reported 11,470 shares stake. Brown Capital Management Limited Liability Co owns 72,709 shares. Atlantic Trust Group Incorporated Ltd Liability Corp holds 0.01% of its portfolio in Cerner Corporation (NASDAQ:CERN) for 31,984 shares. Fiduciary Mngmt Inc Wi invested 3.2% of its portfolio in Cerner Corporation (NASDAQ:CERN).

Since August 11, 2017, it had 0 insider buys, and 6 insider sales for $28.54 million activity. SIMS RANDY D had sold 60,000 shares worth $4.08 million on Friday, September 1. 118,113 shares valued at $7.33M were sold by ILLIG CLIFFORD W on Friday, August 11. Battaglioli Michael R. also sold $279,560 worth of Cerner Corporation (NASDAQ:CERN) on Wednesday, December 13. Nill Michael also sold $7.01 million worth of Cerner Corporation (NASDAQ:CERN) on Wednesday, September 13.

Maryland Capital Management decreased its stake in Cerner Corp (CERN) by 96.82% based on its latest 2017Q3 regulatory filing with the SEC. Maryland Capital Management sold 173,682 shares as the company’s stock rose 14.16% with the market. The institutional investor held 5,700 shares of the edp services company at the end of 2017Q3, valued at $407,000, down from 179,382 at the end of the previous reported quarter. Maryland Capital Management who had been investing in Cerner Corp for a number of months, seems to be less bullish one the $22.98B market cap company. The stock increased 0.33% or $0.23 during the last trading session, reaching $69.14. About 1.59 million shares traded. Cerner Corporation (NASDAQ:CERN) has risen 19.54% since January 22, 2017 and is uptrending. It has outperformed by 2.84% the S&P500.

Maryland Capital Management, which manages about $795.96M and $648.98M US Long portfolio, upped its stake in Celgene Corp (NASDAQ:CELG) by 81,287 shares to 84,197 shares, valued at $12.28 million in 2017Q3, according to the filing.

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 $192.80 million for 29.80 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.

More news for Cerner Corporation (NASDAQ:CERN) were recently published by: Kansascity.com, which released: “Olathe Republican Erin Davis is changing jobs at Cerner, staying in Legislature” on January 17, 2018. Globenewswire.com‘s article titled: “Cerner Corporation Names Brent Shafer CEO, Chairman” and published on January 10, 2018 is yet another important article.

Cerner Corporation (NASDAQ:CERN) Ratings Coverage

Among 27 analysts covering Cerner Corporation (NASDAQ:CERN), 12 have Buy rating, 1 Sell and 14 Hold. Therefore 44% are positive. Cerner Corporation has $87 highest and $45 lowest target. $67.71’s average target is -2.07% below currents $69.14 stock price. Cerner Corporation had 92 analyst reports since August 5, 2015 according to SRatingsIntel. The stock has “Buy” rating by KeyBanc Capital Markets on Wednesday, September 20. Robert W. Baird maintained Cerner Corporation (NASDAQ:CERN) rating on Wednesday, January 3. Robert W. Baird has “Buy” rating and $80.0 target. Bank of America initiated the stock with “Buy” rating in Monday, September 19 report. KeyBanc Capital Markets maintained the shares of CERN in report on Sunday, December 3 with “Buy” rating. Topeka Capital Markets maintained it with “Buy” rating and $64 target in Friday, May 6 report. Piper Jaffray maintained the shares of CERN in report on Wednesday, November 22 with “Buy” rating. Canaccord Genuity maintained Cerner Corporation (NASDAQ:CERN) rating on Friday, October 6. Canaccord Genuity has “Buy” rating and $69.0 target. The stock of Cerner Corporation (NASDAQ:CERN) earned “Overweight” rating by Barclays Capital on Friday, October 16. As per Monday, July 31, the company rating was maintained by Oppenheimer. The rating was downgraded by Avondale on Friday, February 10 to “Market Perform”.

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