Mackay Shields LLC Cuts Stock Holdings in Cerner Co. (NASDAQ:CERN)

Mackay Shields LLC lowered its holdings in Cerner Co. (NASDAQ:CERNGet Rating) by 3.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,374 shares of the company’s stock after selling 1,645 shares during the period. Mackay Shields LLC’s holdings in Cerner were worth $3,964,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in CERN. JPMorgan Chase & Co. increased its position in shares of Cerner by 407.6% in the first quarter. JPMorgan Chase & Co. now owns 6,499,895 shares of the company’s stock worth $608,131,000 after acquiring an additional 5,219,392 shares in the last quarter. Norges Bank acquired a new stake in shares of Cerner in the fourth quarter worth $254,636,000. Soros Fund Management LLC acquired a new stake in shares of Cerner in the fourth quarter worth $108,658,000. Omni Event Management Ltd increased its position in shares of Cerner by 381.2% in the first quarter. Omni Event Management Ltd now owns 1,329,572 shares of the company’s stock worth $124,395,000 after acquiring an additional 1,053,296 shares in the last quarter. Finally, Marshall Wace LLP acquired a new stake in shares of Cerner in the fourth quarter worth $83,992,000. Institutional investors and hedge funds own 82.23% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of Cerner in a research report on Tuesday. They issued a “buy” rating for the company. Eight investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $89.20.

Cerner Price Performance

Shares of CERN stock opened at $94.92 on Friday. The firm has a market cap of $27.92 billion, a P/E ratio of 47.70, a P/E/G ratio of 2.37 and a beta of 0.77. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.79 and a quick ratio of 1.77. Cerner Co. has a 1-year low of $69.08 and a 1-year high of $95.40. The firm has a fifty day moving average of $94.92 and a two-hundred day moving average of $94.29.

Cerner Profile

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Cerner Corporation, together with its subsidiaries, provides health care information technology solutions and tech-enabled services in the United States and internationally. It offers Cerner Millennium architecture, a person-centric computing framework, which includes clinical, financial, and management information systems that allow providers to access an individual's electronic health record (EHR) at the point of care, and organizes and delivers information for physicians, nurses, laboratory technicians, pharmacists, front- and back-office professionals, and consumers.

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Institutional Ownership by Quarter for Cerner (NASDAQ:CERN)

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