Premier, Inc. (NASDAQ:PINC) General Counsel Sells $247,438.45 in Stock

Premier, Inc. (NASDAQ:PINCGet Free Report) General Counsel David L. Klatsky sold 13,339 shares of the firm’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $18.55, for a total transaction of $247,438.45. Following the transaction, the general counsel now directly owns 92,001 shares of the company’s stock, valued at $1,706,618.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Premier Price Performance

Premier stock opened at $18.46 on Friday. The firm has a 50-day moving average price of $20.02 and a 200-day moving average price of $21.08. The firm has a market capitalization of $1.93 billion, a PE ratio of 28.84, a price-to-earnings-growth ratio of 6.26 and a beta of 0.44. The company has a current ratio of 0.93, a quick ratio of 0.82 and a debt-to-equity ratio of 0.01. Premier, Inc. has a 12-month low of $18.18 and a 12-month high of $28.30.

Premier (NASDAQ:PINCGet Free Report) last released its earnings results on Tuesday, May 7th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.07. Premier had a net margin of 6.01% and a return on equity of 11.71%. As a group, equities research analysts forecast that Premier, Inc. will post 1.96 EPS for the current year.

Premier Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, June 15th. Stockholders of record on Saturday, June 1st will be issued a $0.21 dividend. The ex-dividend date is Friday, May 31st. This represents a $0.84 annualized dividend and a dividend yield of 4.55%. Premier’s dividend payout ratio (DPR) is presently 131.25%.

Institutional Investors Weigh In On Premier

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PINC. Mitsubishi UFJ Trust & Banking Corp bought a new stake in Premier during the 1st quarter valued at about $27,000. Global Retirement Partners LLC lifted its holdings in Premier by 153.3% during the 4th quarter. Global Retirement Partners LLC now owns 1,583 shares of the company’s stock valued at $35,000 after buying an additional 958 shares in the last quarter. Hexagon Capital Partners LLC lifted its holdings in Premier by 71.7% during the 4th quarter. Hexagon Capital Partners LLC now owns 1,660 shares of the company’s stock valued at $37,000 after buying an additional 693 shares in the last quarter. Parallel Advisors LLC lifted its holdings in Premier by 141.2% during the 4th quarter. Parallel Advisors LLC now owns 1,980 shares of the company’s stock valued at $44,000 after buying an additional 1,159 shares in the last quarter. Finally, Janiczek Wealth Management LLC lifted its holdings in Premier by 246.5% during the 4th quarter. Janiczek Wealth Management LLC now owns 2,533 shares of the company’s stock valued at $57,000 after buying an additional 1,802 shares in the last quarter. Institutional investors own 74.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on PINC. Leerink Partnrs reaffirmed a “market perform” rating on shares of Premier in a research note on Monday, February 26th. Canaccord Genuity Group cut shares of Premier from a “buy” rating to a “hold” rating and cut their target price for the company from $27.00 to $21.00 in a research note on Wednesday, May 8th. Canaccord Genuity Group reaffirmed a “hold” rating and set a $21.00 target price (down from $27.00) on shares of Premier in a research note on Wednesday, May 8th. StockNews.com raised shares of Premier from a “hold” rating to a “buy” rating in a research note on Thursday, May 9th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Premier from $23.00 to $21.00 and set a “neutral” rating for the company in a research note on Tuesday, May 28th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $23.50.

View Our Latest Stock Report on PINC

About Premier

(Get Free Report)

Premier, Inc, together with its subsidiaries, operates as a healthcare improvement company in the United States. It operates in two segments, Supply Chain Services and Performance Services. The Supply Chain Services segment offers its members with an access to a range of products and services, including medical and surgical products, pharmaceuticals, laboratory supplies, capital equipment, information technology, facilities and construction, and food and nutritional products, as well as purchased services, such as clinical engineering and workforce solutions.

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