Premier, Inc. (NASDAQ:PINC) CFO Craig S. Mckasson Sells 10,000 Shares

Premier, Inc. (NASDAQ:PINC) CFO Craig S. Mckasson sold 10,000 shares of Premier stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $20.00, for a total value of $200,000.00. Following the completion of the transaction, the chief financial officer now owns 278,110 shares of the company’s stock, valued at approximately $5,562,200. The sale was disclosed in a document filed with the SEC, which is available at this link.

Premier Stock Performance

PINC stock traded up $0.39 on Thursday, reaching $20.05. 267,260 shares of the company were exchanged, compared to its average volume of 1,482,825. Premier, Inc. has a 12 month low of $17.95 and a 12 month high of $26.46. The stock’s fifty day moving average price is $19.20 and its 200 day moving average price is $20.24. The firm has a market capitalization of $2.10 billion, a PE ratio of 31.23, a PEG ratio of 6.57 and a beta of 0.42. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.93 and a quick ratio of 0.82.

Premier Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Sunday, September 15th. Shareholders of record on Sunday, September 1st will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 4.19%. The ex-dividend date is Friday, August 30th. Premier’s dividend payout ratio (DPR) is presently 131.25%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Canaccord Genuity Group restated a “hold” rating and set a $21.00 price objective (down previously from $27.00) on shares of Premier in a research report on Wednesday, May 8th. JPMorgan Chase & Co. reduced their price target on Premier from $23.00 to $21.00 and set a “neutral” rating for the company in a research report on Tuesday, May 28th. Canaccord Genuity Group lowered Premier from a “buy” rating to a “hold” rating and reduced their price target for the stock from $27.00 to $21.00 in a research report on Wednesday, May 8th. Robert W. Baird reduced their price target on Premier from $25.00 to $22.00 and set a “neutral” rating for the company in a research report on Wednesday, May 8th. Finally, StockNews.com raised Premier from a “hold” rating to a “buy” rating in a research note on Thursday, May 9th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $23.50.

Institutional Investors Weigh In On Premier

Several institutional investors and hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC acquired a new stake in shares of Premier during the fourth quarter worth approximately $133,000. New York State Teachers Retirement System increased its holdings in shares of Premier by 8.4% during the fourth quarter. New York State Teachers Retirement System now owns 31,760 shares of the company’s stock worth $710,000 after buying an additional 2,460 shares in the last quarter. Louisiana State Employees Retirement System acquired a new stake in shares of Premier during the fourth quarter worth approximately $1,339,000. Vontobel Holding Ltd. increased its holdings in shares of Premier by 2.4% in the fourth quarter. Vontobel Holding Ltd. now owns 27,382 shares of the company’s stock valued at $612,000 after purchasing an additional 642 shares in the last quarter. Finally, Everence Capital Management Inc. acquired a new stake in shares of Premier in the fourth quarter valued at approximately $235,000. Institutional investors own 74.41% of the company’s stock.

Premier Company Profile

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.