What Did This CEO Just Do with Personal Shares of Cerner Corp (NASDAQ: CERN)?By Carrie Williams
Over the last month, Neal Patterson has reported another 3 Sell trades on CERN for a total of $13.72M. In addition to Neal Patterson, 2 other CERN executives reported Sell trades in the last month.
Based on Cerner Corp’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $1.26 billion and quarterly net profit of $150 million. In comparison, last year the company earned revenue of $1.18 billion and had a net profit of $166 million. The company has a one year high of $67.50 and a one year low of $47.01. CERN’s market cap is $18.21B and the company has a P/E ratio of 30.15.
Four different firms, including Merrill Lynch and Morgan Stanley, currently also have a Sell rating on the stock. Based on 8 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $56.43, reflecting a -2.4% downside.
In the last 30 days, insiders have sold $15.74M worth of CERN shares and purchased $4.3M worth of CERN shares. The insider sentiment on Cerner Corp has been negative according to 29 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Neal Patterson’s trades have generated a -19.5% 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. It also provides a wide range of 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. The company operates its business through two 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 Argentina, Aruba, Australia, Austria, Canada, Cayman Islands, Chile, China, Egypt, England, France, Germany, Guam, India, Ireland, Italy, Japan, Malaysia, Mexico, Morocco, Puerto Rico, Qatar, Saudi Arabia, Singapore, Spain, Sweden, Switzerland and the United Arab Emirates. Cerner was founded by Neal L. Patterson, Clifford W. Illig and Paul N. Gorup in 1979 and is headquartered in North Kansas City, MO.