Approximately 9,000 Shares Of Cerner Corporation (CERN) Were Sold By This Insider.

Cerner Corporation (NASDAQ:CERN) finished Thursday with an addition of $0.12 to close at $70.74, an upside of 0.17 percent. An average of 2,581,900 shares of common stock have been traded in the last five days. There was a gain of $0.22 in the past week. The last 20 days have seen an average of 2,481,095 shares traded, while the 50-day average volume stands at 2,016,522.

CERN stock has decreased by -6.52% in the last month. The company shares reached their 1-month lowest point of $69.08 on 10/06/21. With the stock rallying to its 52-week high on 01/28/21, shares of the company touched a low of $67.96 and a high of $84.20 in 52 weeks. In spite of this, the price is down -15.99% from the 52-week high.

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Insider Transactions

45 days have passed since Cerner Corporation (CERN) last reported insider trading activity. Devers Daniel, who is EVP & Chief Legal Officer, most recently acquired $9,000 shares at $77.45 per share on Aug 24. In this transaction, the insider spent $697,050. SVP & Chief Accounting Officer, Battaglioli Michael R., disposed of 2,750 shares at a price of $79.70 on Aug 09. The insider now owns more than $219,175 worth of shares. Prior to that, SVP & Chief Accounting Officer Battaglioli Michael R. went on to Sale 7,000 shares at $80.15 each on Aug 06. An amount of $561,050 was transacted.

Valuation Metrics

Cerner Corporation (CERN) has a trailing price-to-earnings (P/E) ratio of 31.01, which compares with the 23.70 for the broader industry and 32.11 for the sector. This means investors are optimistic about the stock’s future prospects. In the last five years, Cerner Corporation’s PE ratio has ranged between 48.62 and 19.56. The stock’s beta is 0.74. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.74, the price-to-book (PB) ratio at 5.28.

Cerner Corporation pays a $0.88 dividend per share annually. It offers a dividend yield of 1.24%. The company’s most recent quarterly dividend payment was $0.22 a share, without any change from last year. Its dividend has been increased for the last 2 consecutive years with the latest increase dividend $0.04 reported on Friday December 11 2020.

Cerner Corporation will next go ex-dividend on 27-Dec. The next dividend payment Cerner Corporation will make is expected to be $0.22.

The quick ratio of Cerner Corporation for the three months ended June 29 was 1.60, and the current ratio was 1.60, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.40 and a total debt to equity ratio of 0.46 For the recent quarter ending June 29. On the profitability front, the trailing 12-month gross margin is 82.90% against a 5-year average of 82.8%. Cerner Corporation’s EBITDA margin for the year ending June 29 is 28.80%. Its gross profit as reported stood at $4.57 billion compared to revenue of $5.51 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. Cerner Corporation’s return on assets was 10.8% over the last five years. In the past year, the return on investment has been 12.10%, and the 5-year average is 13.3%. For the broader industry, ROE averaged 9.65 over the past year.

Earnings Surprise

For the three-month period that ended June 29, Cerner Corporation had $638.49 million in cash. The analyst consensus anticipated Cerner Corporation’s latest quarter earnings to come in at $0.76 per share, but it turned out to be $0.8, a 5.30% surprise. For the recent quarter, EBITDA amounted to $228.81 million. Shareholders own equity worth $295.59 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Cerner Corporation (CERN) price momentum. RSI 9-day as of the close on 07 October was 31.02%, suggesting the stock is Neutral, with historical volatility in this time frame at 10.14%.

As of today, CERN’s price is $70.37 +0.31% or $0.22 from its 5-day moving average. CERN is currently trading -5.74% lower than its 20-day SMA and -7.53% lower than its 100-day SMA. However, the stock’s current price level is -10.18% below the SMA50 and -7.64% below the SMA200.

The stochastic %K and %D were 18.91% and 13.33%, respectively, and the average true range (ATR) was 1.21. With the 14-day stochastic at 27.35% and the average true range at 1.20, the RSI (14) stands at 29.63%. The stock has reached -0.31 on the 9-day MACD Oscillator while the 14-day reading was at -1.20.

Analyst Ratings

The consensus rating for Cerner Corporation (CERN) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell CERN, while 6 suggest investors hold. There are 2 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 9 others rate it as a “buy”.

What is CERN’s price target for the next 12 months?

Analysts predict a range of price targets between $72.00 and $90.00, with a median target of $86.00. Taking a look at these predictions, the average price target given by analysts for Cerner Corporation (CERN) stock is $84.35.


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