Scharf Investments LLC Has Lowered Cerner Corp (CERN) Holding by $24.38 Million as Valuation Rose

December 7, 2017 - By reb123z

Investors sentiment decreased to 0.87 in 2017 Q2. Its down 0.06, from 0.93 in 2017Q1. It fall, as 39 investors sold CERN shares while 243 reduced holdings. 74 funds opened positions while 170 raised stakes. 254.64 million shares or 2.84% less from 262.07 million shares in 2017Q1 were reported. Comerica National Bank has invested 0.08% in Cerner Corporation (NASDAQ:CERN). Pitcairn has invested 0.09% in Cerner Corporation (NASDAQ:CERN). Carret Asset Mngmt stated it has 5,500 shares. Neville Rodie And Shaw reported 8,000 shares. 39,626 are held by Bokf Na. Rmb Capital Mngmt Ltd Liability Com accumulated 8,500 shares. First Advsr Lp owns 1.26 million shares or 0.22% of their US portfolio. Argent accumulated 9,701 shares. Cim Limited Com invested in 3.97% or 139,735 shares. Moreover, Advisory Svcs Network Limited Liability Corporation has 0.01% invested in Cerner Corporation (NASDAQ:CERN) for 1,648 shares. Piedmont Invest Advisors Ltd, North Carolina-based fund reported 15,141 shares. Gateway Investment Advisers Lc holds 0.04% of its portfolio in Cerner Corporation (NASDAQ:CERN) for 66,210 shares. Paradigm Financial Advsr Ltd Company stated it has 0.12% of its portfolio in Cerner Corporation (NASDAQ:CERN). State Board Of Administration Of Florida Retirement Systems stated it has 0.08% in Cerner Corporation (NASDAQ:CERN). The Wisconsin-based Fiduciary Wi has invested 3.11% in Cerner Corporation (NASDAQ:CERN).

Scharf Investments Llc decreased its stake in Cerner Corp (CERN) by 18.54% based on its latest 2017Q2 regulatory filing with the SEC. Scharf Investments Llc sold 369,387 shares as the company’s stock rose 14.16% with the market. The institutional investor held 1.62M shares of the edp services company at the end of 2017Q2, valued at $107.91 million, down from 1.99M at the end of the previous reported quarter. Scharf Investments Llc who had been investing in Cerner Corp for a number of months, seems to be less bullish one the $23.25B market cap company. The stock increased 0.52% or $0.36 during the last trading session, reaching $69.94. About 850,259 shares traded. Cerner Corporation (NASDAQ:CERN) has risen 19.54% since December 7, 2016 and is uptrending. It has outperformed by 2.84% the S&P500.

Scharf Investments Llc, which manages about $2.69B and $4.26 billion US Long portfolio, upped its stake in Sherwin Williams Co (NYSE:SHW) by 39,142 shares to 443,052 shares, valued at $155.49M in 2017Q2, according to the filing. It also increased its holding in Allergan Plc by 63,893 shares in the quarter, for a total of 876,397 shares, and has risen its stake in L Brands Inc (LTD).

Analysts await Cerner Corporation (NASDAQ:CERN) to report earnings on February, 8. They expect $0.59 earnings per share, up 3.51 % or $0.02 from last year’s $0.57 per share. CERN’s profit will be $196.12 million for 29.64 P/E if the $0.59 EPS becomes a reality. After $0.57 actual earnings per share reported by Cerner Corporation for the previous quarter, Wall Street now forecasts 3.51 % EPS growth.

More recent Cerner Corporation (NASDAQ:CERN) news were published by: Nasdaq.com which released: “Sterling Construction, Cerner, Lululemon, Broadcom and Qualcomm highlighted as …” on December 07, 2017. Also Nasdaq.com published the news titled: “Cerner Corporation (CERN) Surges: Stock Moves 5% Higher” on November 24, 2017. Zacks.com‘s news article titled: “Bear Of The Day: Cerner Corp (CERN)” with publication date: December 07, 2017 was also an interesting one.

Cerner Corporation (NASDAQ:CERN) Ratings Coverage

Among 26 analysts covering Cerner Corporation (NASDAQ:CERN), 13 have Buy rating, 1 Sell and 12 Hold. Therefore 50% are positive. Cerner Corporation had 86 analyst reports since August 5, 2015 according to SRatingsIntel. The firm has “Neutral” rating by Goldman Sachs given on Tuesday, February 23. The company was downgraded on Monday, November 7 by Bank of America. The firm earned “Hold” rating on Friday, October 27 by J.P. Morgan. Oppenheimer maintained Cerner Corporation (NASDAQ:CERN) on Wednesday, August 5 with “Outperform” rating. The stock of Cerner Corporation (NASDAQ:CERN) earned “Buy” rating by Piper Jaffray on Wednesday, November 22. As per Friday, July 28, the company rating was maintained by Piper Jaffray. JP Morgan downgraded Cerner Corporation (NASDAQ:CERN) on Friday, October 27 to “Neutral” rating. The company was maintained on Wednesday, August 5 by Evercore. The firm earned “Neutral” rating on Wednesday, November 2 by Robert W. Baird. Oppenheimer maintained Cerner Corporation (NASDAQ:CERN) on Wednesday, November 4 with “Outperform” rating.

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