Is Cerner Corporation (NASDAQ:CERN) a good investment?
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What’s more, let’s analyze the recent info surrounding Cerner Corporation (NASDAQ:CERN).
Hedge fund activity in Cerner Corporation (NASDAQ:CERN)
At the end of the second quarter, a total of 21 of the hedge funds we track were long in this stock, a change of 11% from the first quarter. With hedge funds’ capital changing hands, there exists an “upper tier” of notable hedge fund managers who were upping their stakes considerably.
Out of the hedge funds we follow, Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital had the largest position in Cerner Corporation (NASDAQ:CERN), worth close to $57.7 million, accounting for 0.4% of its total 13F portfolio. Sitting at the No. 2 spot is Phill Gross and Robert Atchinson of Adage Capital Management, with a $20.6 million position; 0.1% of its 13F portfolio is allocated to the stock. Remaining hedge funds that are bullish include Brian Ashford-Russell and Tim Woolley’s Polar Capital, and Jonathon Jacobson’s Highfields Capital Management.
Consequently, specific money managers were leading the bulls’ herd. Arrowstreet Capital, managed by Peter Rathjens, Bruce Clarke and John Campbell, assembled the most outsized position in Cerner Corporation (NASDAQ:CERN). Arrowstreet Capital had 57.7 million invested in the company at the end of the quarter. Phill Gross and Robert Atchinson’s Adage Capital Management also made a $20.6 million investment in the stock during the quarter. The following funds were also among the new CERN investors: Brian Ashford-Russell and Tim Woolley’s Polar Capital, Matthew Knauer and Mina Faltas’s Nokota Management, and Jonathon Jacobson’s Highfields Capital Management.
Insider trading activity in Cerner Corporation (NASDAQ:CERN)
Legal insider trading, particularly when it’s bullish, is at its handiest when the primary stock in question has experienced transactions within the past half-year. Over the last 180-day time frame, Cerner Corporation (NASDAQ:CERN) has experienced zero unique insiders buying, and zero insider sales (see the details of insider trades here).
We’ll go over the relationship between both of these indicators in other stocks similar to Cerner Corporation (NASDAQ:CERN). These stocks are Quality Systems, Inc. (NASDAQ:QSII), MedAssets, Inc. (NASDAQ:MDAS), WebMD Health Corp. (NASDAQ:WBMD), Medidata Solutions Inc (NASDAQ:MDSO), and Allscripts Healthcare Solutions Inc (NASDAQ:MDRX). All of these stocks are in the healthcare information services industry and their market caps match CERN’s market cap.