Premier, Inc. (NASDAQ:PINC) Director Sells $53,550.00 in Stock

Premier, Inc. (NASDAQ:PINC) Director Helen M. Boudreau sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $21.42, for a total value of $53,550.00. Following the transaction, the director now directly owns 20,668 shares of the company’s stock, valued at $442,708.56. The trade was a 10.79 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Premier Price Performance

Shares of NASDAQ PINC opened at $21.16 on Thursday. Premier, Inc. has a 1 year low of $17.95 and a 1 year high of $23.56. The firm has a 50-day moving average of $21.97 and a 200 day moving average of $20.50. The stock has a market cap of $2.03 billion, a P/E ratio of 15.56 and a beta of 0.43.

Premier (NASDAQ:PINC) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.09. Premier had a return on equity of 10.74% and a net margin of 11.41%. The firm had revenue of $248.14 million for the quarter, compared to analysts’ expectations of $232.85 million. During the same period in the previous year, the firm posted $0.50 EPS. The business’s revenue for the quarter was down 7.8% compared to the same quarter last year. Research analysts expect that Premier, Inc. will post 1.09 earnings per share for the current fiscal year.

Premier Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Sunday, December 15th. Stockholders of record on Sunday, December 1st were given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 3.97%. The ex-dividend date was Friday, November 29th. Premier’s dividend payout ratio is presently 61.76%.

Hedge Funds Weigh In On Premier

Hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC raised its holdings in Premier by 137.6% in the third quarter. GAMMA Investing LLC now owns 1,347 shares of the company’s stock worth $27,000 after buying an additional 780 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Premier in the 3rd quarter worth approximately $39,000. Quarry LP lifted its position in Premier by 576.7% in the 3rd quarter. Quarry LP now owns 2,179 shares of the company’s stock valued at $44,000 after acquiring an additional 1,857 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in Premier during the 2nd quarter valued at $47,000. Finally, Abich Financial Wealth Management LLC increased its holdings in shares of Premier by 37.0% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 2,672 shares of the company’s stock worth $50,000 after purchasing an additional 721 shares in the last quarter. Institutional investors own 74.41% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on PINC. StockNews.com lowered Premier from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Robert W. Baird raised their target price on shares of Premier from $19.00 to $20.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Canaccord Genuity Group boosted their price target on shares of Premier from $19.00 to $21.00 and gave the company a “hold” rating in a research report on Wednesday, November 6th. Finally, Barclays raised their price objective on shares of Premier from $20.00 to $24.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 6th. Ten analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $21.36.

About Premier

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.