Cerner Corp (CERN) Shareholder Scharf Investments LLC Decreased Its Position as Stock Price Rose

December 7, 2017 - By Linda Rogers

Investors sentiment decreased to 0.87 in 2017 Q2. Its down 0.06, from 0.93 in 2017Q1. It fall, as 39 investors sold CERN shares while 243 reduced holdings. 74 funds opened positions while 170 raised stakes. 254.64 million shares or 2.84% less from 262.07 million shares in 2017Q1 were reported. Torray Ltd Com invested in 2.28% or 325,484 shares. Douglass Winthrop Limited accumulated 23,445 shares or 0.09% of the stock. The Alaska-based State Of Alaska Department Of Revenue has invested 0.02% in Cerner Corporation (NASDAQ:CERN). Tower Rech Cap Limited Liability (Trc) owns 1,612 shares. Stephens Ar has invested 0.07% in Cerner Corporation (NASDAQ:CERN). Proshare Advsr Ltd Liability Corporation accumulated 159,189 shares. Professional Advisory holds 1.96% of its portfolio in Cerner Corporation (NASDAQ:CERN) for 135,764 shares. Brown Advisory holds 0% in Cerner Corporation (NASDAQ:CERN) or 15,718 shares. Eventide Asset Management Limited Co reported 108,200 shares or 0.45% of all its holdings. Wfg Advsr Limited Partnership holds 2,390 shares. 697,081 are held by First Republic Mngmt. 186,154 are held by Gw Henssler & Assocs Limited. Whittier Trust owns 0.18% invested in Cerner Corporation (NASDAQ:CERN) for 71,520 shares. Carroll Fin Associates, a North Carolina-based fund reported 760 shares. Klingenstein Fields And Co Limited Liability Company accumulated 6,460 shares or 0.02% of the stock.

Scharf Investments Llc decreased its stake in Cerner Corp (CERN) by 18.54% based on its latest 2017Q2 regulatory filing with the SEC. Scharf Investments Llc sold 369,387 shares as the company’s stock rose 14.16% with the market. The institutional investor held 1.62M shares of the edp services company at the end of 2017Q2, valued at $107.91 million, down from 1.99M at the end of the previous reported quarter. Scharf Investments Llc who had been investing in Cerner Corp for a number of months, seems to be less bullish one the $23.25 billion market cap company. The stock increased 0.52% or $0.36 during the last trading session, reaching $69.94. About 850,259 shares traded. Cerner Corporation (NASDAQ:CERN) has risen 19.54% since December 7, 2016 and is uptrending. It has outperformed by 2.84% the S&P500.

Scharf Investments Llc, which manages about $2.69 billion and $4.26B US Long portfolio, upped its stake in Cvs Health Corp (NYSE:CVS) by 91,464 shares to 2.50 million shares, valued at $200.88 million in 2017Q2, according to the filing. It also increased its holding in Advance Auto Parts Inc (NYSE:AAP) by 347,310 shares in the quarter, for a total of 1.54M shares, and has risen its stake in Dollar Gen Corp New (NYSE:DG).

Analysts await Cerner Corporation (NASDAQ:CERN) to report earnings on February, 8. They expect $0.59 EPS, up 3.51 % or $0.02 from last year’s $0.57 per share. CERN’s profit will be $196.12 million for 29.64 P/E if the $0.59 EPS becomes a reality. After $0.57 actual EPS reported by Cerner Corporation for the previous quarter, Wall Street now forecasts 3.51 % EPS growth.

More recent Cerner Corporation (NASDAQ:CERN) news were published by: Zacks.com which released: “Bear Of The Day: Cerner Corp (CERN)” on December 07, 2017. Also Nasdaq.com published the news titled: “Cerner Corporation (CERN) Surges: Stock Moves 5% Higher” on November 24, 2017. Nasdaq.com‘s news article titled: “Sterling Construction, Cerner, Lululemon, Broadcom and Qualcomm highlighted as …” with publication date: December 07, 2017 was also an interesting one.

Cerner Corporation (NASDAQ:CERN) Ratings Coverage

Among 26 analysts covering Cerner Corporation (NASDAQ:CERN), 13 have Buy rating, 1 Sell and 12 Hold. Therefore 50% are positive. Cerner Corporation had 86 analyst reports since August 5, 2015 according to SRatingsIntel. On Monday, July 31 the stock rating was maintained by Oppenheimer with “Hold”. SunTrust maintained Cerner Corporation (NASDAQ:CERN) rating on Monday, October 30. SunTrust has “Buy” rating and $75.0 target. Evercore maintained Cerner Corporation (NASDAQ:CERN) on Wednesday, August 5 with “Buy” rating. Jefferies maintained the stock with “Buy” rating in Friday, October 13 report. The stock of Cerner Corporation (NASDAQ:CERN) has “Outperform” rating given on Tuesday, October 31 by Robert W. Baird. The stock of Cerner Corporation (NASDAQ:CERN) has “Buy” rating given on Thursday, July 27 by Canaccord Genuity. The firm has “Perform” rating by Oppenheimer given on Friday, February 10. Piper Jaffray maintained Cerner Corporation (NASDAQ:CERN) on Monday, August 24 with “Overweight” rating. As per Friday, February 10, the company rating was downgraded by Avondale. The company was maintained on Friday, August 11 by Jefferies.

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