.jpg "Cerner Corp (NASDAQ: CERN)")
Today, the Vice Chairman of Cerner Corp (NASDAQ: CERN), Clifford Illig, sold shares of CERN for $25.18M.
Following Clifford Illig’s last CERN Sell transaction on June 11, 2018, the stock climbed by 5.6%. In addition to Clifford Illig, 2 other CERN executives reported Sell trades in the last month.
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Based on Cerner Corp’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $1.37 billion and quarterly net profit of $169 million. In comparison, last year the company earned revenue of $1.29 billion and had a net profit of $180 million. CERN’s market cap is $21.81B and the company has a P/E ratio of 26.41. Currently, Cerner Corp has an average volume of 1.68M.
One of the top 25 analysts, according to TipRanks.com, recently recommended Buy CERN with a $80 price target. Based on 13 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $69.64, reflecting a -5.4% downside. Five different firms, including Barclays and Evercore ISI, currently also have a Sell rating on the stock.
The insider sentiment on Cerner Corp has been negative according to 43 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Clifford Illig’s trades have generated a -20.6% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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Cerner Corp. designs, develops, markets, installs, hosts and supports health care information technology, health care devices, hardware and content solutions for health care organizations and consumers. The company also provides value-added services, including implementation and training, remote hosting, operational management services, revenue cycle services, support and maintenance, health care data analysis, clinical process optimization, transaction processing, employer health centers, employee wellness programs and third party administrator services for employer-based health plans. It operates through the following segments: Domestic and Global. The Domestic segment includes revenue contributions and expenditures associated with business activity in the United States. The Global segment includes revenue contributions and expenditures linked to business activity in Aruba, Australia, Austria, the Bahamas, Belgium, Bermuda, Brazil, Canada, Cayman Islands, Chile, Denmark, Egypt, England, Finland, France, Germany, Guam, India, Ireland, Kuwait, Luxembourg, Malaysia, Mexico, Netherlands, Norway, Portugal, Qatar, Romania, Saudi Arabia, Singapore, Slovakia, Spain, Sweden, Switzerland and the United Arab Emirates. The company was founded by Neal L. Patterson, Clifford W. Illig and Paul N. Gorup in 1979 and is headquartered in North Kansas City, MO.
