Cerner Corporation [CERN] Revenue clocked in at $5.48 billion, up 0.70% YTD: What’s Next?

Cerner Corporation [NASDAQ: CERN] closed the trading session at $79.03 on 05/26/21. The day’s price range saw the stock hit a low of $78.00, while the highest price level was $79.38. The company report on May 19, 2021 that Cerner Announces Quarterly Dividend.

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Cerner Corporation (Nasdaq: CERN), a global health care technology company, announced that its Board of Directors declared a cash dividend to stockholders of $0.22 per issued and outstanding share. The cash dividend will be payable on July 13, 2021, to shareholders of record as of the close of business on June 28, 2021.

Cerner intends to pay regular quarterly cash dividends, with future declarations subject to Board approval and their determination that the declaration of dividends remains in the best interests of Cerner and its shareholders. The decision of whether to pay future dividends and the amount of any such dividends will be based on the company’s financial position, results of operations, cash flows, capital requirements, applicable law and any other factors the Board may deem relevant.

The stocks have a year to date performance of 0.70 percent and weekly performance of 0.77 percent. The stock has been moved at 7.36 percent over the last six months. The stock has performed 4.66 percent around the most recent 30 days and changed 13.00 percent over the most recent 3-months.

If compared to the average trading volume of 2.74M shares, CERN reached to a volume of 4268579 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Cerner Corporation [CERN]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CERN shares is $81.20 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CERN stock is a recommendation set at 2.40. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

JP Morgan have made an estimate for Cerner Corporation shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on April 29, 2021. The new note on the price target was released on February 11, 2021, representing the official price target for Cerner Corporation stock.

The Average True Range (ATR) for Cerner Corporation is set at 1.38, with the Price to Sales ratio for CERN stock in the period of the last 12 months amounting to 4.40. The Price to Book ratio for the last quarter was 5.59, with the Price to Cash per share for the same quarter was set at 4.83.

CERN stock trade performance evaluation

Cerner Corporation [CERN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.77. With this latest performance, CERN shares gained by 4.66% in over the last four-week period, additionally plugging by 7.36% over the last 6 months – not to mention a rise of 15.69% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CERN stock in for the last two-week period is set at 65.69, with the RSI for the last a single of trading hit 67.66, and the three-weeks RSI is set at 63.64 for Cerner Corporation [CERN]. The present Moving Average for the last 50 days of trading for this stock 74.76, while it was recorded at 78.03 for the last single week of trading, and 74.25 for the last 200 days.

Cerner Corporation [CERN]: An insightful look at the core fundamentals

Cerner Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.10 and a Current Ratio set at 2.10.

Earnings per share (EPS) analysis for Cerner Corporation [CERN] stock

With the latest financial reports released by the company, Cerner Corporation posted 0.63/share EPS, while the average EPS was predicted by analysts to be reported at 0.61/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 3.30%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CERN. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Cerner Corporation go to 11.63%.

Cerner Corporation [CERN]: Insider Ownership positions

There are presently around $20,327 million, or 87.50% of CERN stock, in the hands of institutional investors. The top three institutional holders of CERN stocks are: VANGUARD GROUP INC with ownership of 32,588,839, which is approximately -0.174% of the company’s market cap and around 0.15% of the total institutional ownership; BLACKROCK INC., holding 25,982,577 shares of the stock with an approximate value of $2.05 billion in CERN stocks shares; and STATE STREET CORP, currently with $1.08 billion in CERN stock with ownership of nearly -1.888% of the company’s market capitalization.

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363 institutional holders increased their position in Cerner Corporation [NASDAQ:CERN] by around 29,080,321 shares. Additionally, 378 investors decreased positions by around 32,069,318 shares, while 133 investors held positions by with 196,055,824 shares. The mentioned changes placed institutional holdings at 257,205,463 shares, according to the latest SEC report filing. CERN stock had 88 new institutional investments in for a total of 6,292,681 shares, while 81 institutional investors sold positions of 4,046,057 shares during the same period.

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