Cerner Corp Receives a Rating Update from a Top Analyst

By Austin Angelo

In a report released today, John Difucci from Jefferies maintained a Buy rating on Cerner Corp (NASDAQ: CERN), with a price target of $79. The company’s shares opened today at $73.06, close to its 52-week high of $73.86.

According to TipRanks.com, Difucci is a top 25 analyst with an average return of 18.2% and a 76.4% success rate. Difucci covers the Technology sector, focusing on stocks such as SS&C Technologies Holdings, Callidus Software, and CommVault Systems.

Currently, the analyst consensus on Cerner Corp is Moderate Buy and the average price target is $71.89, representing a -1.6% downside.

In a report issued on October 6, Canaccord Genuity also reiterated a Buy rating on the stock with a $69 price target.

The company has a one-year high of $73.86 and a one-year low of $47.01. Currently, Cerner Corp has an average volume of 1.84M.

Based on the recent corporate insider activity of 37 insiders, corporate insider sentiment is negative on the stock. Last month, Zane Burke, the President of CERN sold 94,000 shares for a total of $6,342,180.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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 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 Domestic and Global segments. 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. 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.