SRS Capital Advisors Inc. Has $27,000 Holdings in Premier, Inc. (NASDAQ:PINC)

SRS Capital Advisors Inc. lifted its holdings in Premier, Inc. (NASDAQ:PINC) by 157.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,284 shares of the company’s stock after acquiring an additional 786 shares during the period. SRS Capital Advisors Inc.’s holdings in Premier were worth $27,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Smartleaf Asset Management LLC grew its stake in shares of Premier by 297.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,906 shares of the company’s stock valued at $40,000 after acquiring an additional 1,427 shares in the last quarter. Illinois Municipal Retirement Fund grew its stake in shares of Premier by 3.7% in the fourth quarter. Illinois Municipal Retirement Fund now owns 58,214 shares of the company’s stock valued at $1,234,000 after acquiring an additional 2,072 shares in the last quarter. Venturi Wealth Management LLC grew its stake in shares of Premier by 619.9% in the fourth quarter. Venturi Wealth Management LLC now owns 6,414 shares of the company’s stock valued at $136,000 after acquiring an additional 5,523 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in Premier during the fourth quarter worth about $353,000. Finally, Van ECK Associates Corp lifted its position in Premier by 28.0% during the fourth quarter. Van ECK Associates Corp now owns 2,041 shares of the company’s stock worth $43,000 after purchasing an additional 446 shares during the period. 74.41% of the stock is currently owned by institutional investors and hedge funds.

Premier Trading Up 3.8 %

PINC stock opened at $18.21 on Friday. The stock has a market capitalization of $1.66 billion, a P/E ratio of -182.08 and a beta of 0.43. Premier, Inc. has a 12 month low of $17.23 and a 12 month high of $23.56. The firm has a 50-day moving average price of $20.23 and a 200-day moving average price of $20.65.

Premier Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 15th. Investors of record on Saturday, March 1st will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.84 annualized dividend and a yield of 4.61%. Premier’s dividend payout ratio is presently -840.00%.

Insider Buying and Selling

In related news, CEO Michael J. Alkire sold 18,374 shares of Premier stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $21.80, for a total transaction of $400,553.20. Following the sale, the chief executive officer now directly owns 502,354 shares in the company, valued at $10,951,317.20. This trade represents a 3.53 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Helen M. Boudreau sold 2,500 shares of Premier stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $21.42, for a total transaction of $53,550.00. Following the sale, the director now owns 20,668 shares in the company, valued at approximately $442,708.56. This represents a 10.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 42,011 shares of company stock worth $911,646 in the last ninety days. Company insiders own 0.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Piper Sandler cut their price objective on shares of Premier from $21.00 to $19.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. Robert W. Baird cut their price objective on shares of Premier from $20.00 to $19.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. Finally, Canaccord Genuity Group cut their price objective on shares of Premier from $21.00 to $19.00 and set a “hold” rating for the company in a research report on Wednesday, February 5th. Eight investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $20.17.

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.