Published: Tue, June 06, 2017
Industry | By Dora Warner

Sandy Spring Bank Decreases Stake in Cerner Co. (CERN)


In the last quarter, insiders have sold 598,342 shares of company stock valued at $38,355,476. The company has market cap of $2.00 million.

The stock increased 0.47% or $0.32 during the last trading session, reaching $68.23. 916,577 shares of the stock traded hands. Francesca's Holdings Corp (NASDAQ:FRAN) has risen 27.86% since June 6, 2016 and is uptrending. It has underperformed by 6.99% the S&P500.

Kelly Lawrence W & Associates Inc decreased its stake in Cerner Corp (CERN) by 47.28% based on its latest 2016Q4 regulatory filing with the SEC. Halsey Associates Inc sold 19,497 shares as the company's stock rose 14.16% with the market. The institutional investor held 66,490 shares of the major banks company at the end of 2016Q4, valued at $717,000, down from 138,700 at the end of the previous reported quarter. The company has market cap of $22.71 billion. The stock rose 0.17% or $0.02 reaching $11.82. About 217,160 shares traded.

Cadence Design Systems Inc (CDNS) Shares Sold by Cadence Capital Management LLC
Provident Management holds 294,623 shares or 4.74% of its portfolio. 18,205 were accumulated by Cim Ltd Limited Liability Company. Following the completion of the sale, the vice president now owns 140,832 shares of the company's stock, valued at $4,524,932.16.


Cerner Corporation (CERN) reported earning per shares for the quarter ending April 27 AMC, whereas, 23 number of analysts estimated the mean EPS at 0.61. It has outperformed by 2.84% the S&P500. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and eight have assigned a buy rating to the stock. Therefore 45% are positive. For the current year the company's revenue estimates are $5.21 Billion compared to low analyst estimates of $5.14 Billion and high estimates of $5.27 Billion according to the prediction of 23 analysts. On Wednesday, August 5 the stock rating was downgraded by RBC Capital Markets to "Sector Perform". The company was upgraded on Tuesday, September 29 by RBC Capital Markets. The firm has "Sell" rating by Goldman Sachs given on Tuesday, January 10. The firm has "Underweight" rating given on Friday, January 6 by Atlantic Securities. On Friday, February 24 the stock rating was downgraded by Citigroup to "Neutral". Jefferies downgraded the shares of SYT in report on Thursday, February 16 to "Hold" rating. The company now has an average rating of "Hold" and an average target price of $64.35. Fuller & Thaler Asset Management Inc. purchased a new position in shares of Cerner during the third quarter valued at approximately $124,000. Jacobs Levy Equity Inc holds 0% or 10,300 shares in its portfolio. More interesting news about Syngenta AG (ADR) (NYSE:SYT) were released by: Marketwatch.com and their article: "ChemChina, Syngenta reply to European Union over merger" published on January 10, 2017 as well as Marketwatch.com's news article titled: "91.20" with publication date: May 12, 2009. Also Zacks.com published the news titled: "Why Is Travelers Companies (TRV) Up 1.6% Since the Last Earnings Report?" on May 23, 2017. Also Fool.com published the news titled: "Better Buy: Veeva Systems Inc. vs. Cerner Corporation" on May 23, 2017.

Since January 30, 2017, it had 2 buys, and 3 sales for $804,416 activity. 10,000 shares were bought by SHIRLEY STACIE, worth $18,500.

In other news, Chairman Neal L. Patterson sold 20,000 shares of Cerner stock in a transaction that occurred on Tuesday, March 14th.

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Tig Advisors Llc, which manages about $3.62B and $1.39B US Long portfolio, decreased its stake in Fmc Technologies Inc (NYSE:FTI) by 960,841 shares to 1.94M shares, valued at $69.00 million in 2016Q4, according to the filing. Tiaa Cref Trust Fsb Mo holds 0.01% of its portfolio in Cerner Corporation (NASDAQ:CERN) for 16,409 shares.

Investors sentiment decreased to 0.77 in Q4 2016. The Beta for the company stands at 0.98 and its Average True Range (ATR) shows a value of 1.15. It dropped, as 98 investors sold CERN shares while 243 reduced holdings. 16 funds opened positions while 38 raised stakes. Bremer National Association has 15,796 shares. Loomis Sayles Ltd Partnership holds 1.11% or 9.53 million shares in its portfolio. Nomura Asset holds 0.03% of its portfolio in Cerner Corporation (NASDAQ:CERN) for 37,287 shares. Federated Investors Pa has invested 0% of its portfolio in Cerner Corporation (NASDAQ:CERN). Segall Bryant Hamill Lc has invested 0.17% in Cerner Corporation (NASDAQ:CERN). Financial Management Professionals Incorporated owns 2,400 shares. West Coast Fincl Ltd Liability Company owns 132,556 shares. Hightower Advsr Ltd Liability invested in 0.09% or 167,808 shares. Cubic Asset Management Llc holds 66,490 shares. Bnp Paribas Arbitrage holds 0% or 12,543 shares in its portfolio. Commonwealth Natl Bank Of Aus, Australia-based fund reported 12,397 shares. Consequently Cerner Corp (NASDAQ:CERN)'s weekly and monthly volatility is 2.03%, 1.38% respectively. During the same period in the prior year, the firm posted $0.53 earnings per share. PSTB's profit will be $7.45 million for 21.11 P/E if the $0.14 EPS becomes a reality. Salem Counselors reported 0.01% stake.

Among 8 analysts covering Park Sterling (NASDAQ:PSTB), 0 have Buy rating, 0 Sell and 8 Hold. Therefore 33% are positive. Francesca's Holdings had 35 analyst reports since August 5, 2015 according to SRatingsIntel. The company was downgraded on Wednesday, August 5 by Stifel Nicolaus. The stock of Cerner Corporation (NASDAQ:CERN) has "Buy" rating given on Wednesday, November 4 by Deutsche Bank. The firm has "Outperform" rating by Oppenheimer given on Wednesday, November 4. As per Wednesday, November 4, the company rating was maintained by Deutsche Bank. The company was downgraded on Thursday, October 6 by Raymond James.

Cisco Systems, Inc. (CSCO)
In current trading day Synchrony Financial (SYF ) stock confirmed the flow of 0.66% with the final price of $27.40. (NASDAQ:CSCO). It has underperformed by 16.70% the S&P500. 3,027 shares were bought by WEST STEVEN M, worth $102,679 on Wednesday, February 22.


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