5 Best Stocks to Buy in 2022 According to Billionaire Paul Tudor Jones

1. Cerner Corporation (NASDAQ:CERN)

Tudor Investment Corp’s Stake Value: $102,502,000

Percentage of Tudor Investment Corp’s 13F Portfolio: 2.40%

Number of Hedge Fund Holders: 64

Cerner Corporation (NASDAQ:CERN) provides healthcare information technology solutions in the United States and internationally. Paul Tudor Jones boosted his Cerner Corporation (NASDAQ:CERN) stake by 522% in Q1 2022, holding a total of 1.09 million shares worth $102.5 million, representing 2.40% of the overall portfolio. Cerner Corporation (NASDAQ:CERN) is the largest holding in Tudor Investment Corp’s portfolio. 

Cerner Corporation (NASDAQ:CERN) posted Q1 financial results on May 3, reporting an EPS of $0.89, beating estimates by $0.02. The $1.43 billion revenue, however, fell short of analysts’ estimates by $42.21 million. 

Oracle Corporation (NYSE:ORCL) plans to purchase Cerner Corporation (NASDAQ:CERN) for $28 billion and a petition has been filed with the European Commission, with a provisional deadline of June 1. Argus analyst Jasper Hellweg on April 11 downgraded Cerner Corporation (NASDAQ:CERN) to Hold from Buy.

According to Insider Monkey’s Q1 data, 64 hedge funds were bullish on Cerner Corporation (NASDAQ:CERN), up from 61 funds in the prior quarter. In the first quarter of 2022, John Overdeck and David Siegel’s Two Sigma Advisors reported owning 4.35 million shares of Cerner Corporation (NASDAQ:CERN), worth $407 million.

Here is what Cooper Investors Global Equities Fund (Hedged) has to say about Cerner Corporation (NASDAQ:CERN) in their Q1 2021 investor letter:

“The investment in Cerner, made just over a year ago, was based on what we perceived to be a Low-Risk Turnaround opportunity as a refreshed management team sought to increase margins, reduce capex and utilize balance sheet latency with buybacks and acquisitions. Taking account of the tough 2020 for Cerner’s hospital client base the company did a reasonable job executing on these initiatives. However, moving into 2021 more recent observations around intentionality and focus led to a reassessment of the investment proposition, particularly relative to the portfolio’s other technology and software investments.”

You can also take a look at 10 Favorite Stocks of Dan Loeb’s Third Point and 10 Favorite Stocks of Billionaire Izzy Englander.

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