Headlands Technologies LLC Sells 2,090 Shares of Premier, Inc. (NASDAQ:PINC)

Headlands Technologies LLC lowered its position in Premier, Inc. (NASDAQ:PINC) by 10.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 17,556 shares of the company’s stock after selling 2,090 shares during the quarter. Headlands Technologies LLC’s holdings in Premier were worth $388,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Global Retirement Partners LLC increased its stake in Premier by 153.3% in the fourth quarter. Global Retirement Partners LLC now owns 1,583 shares of the company’s stock valued at $35,000 after acquiring an additional 958 shares during the last quarter. Hexagon Capital Partners LLC increased its stake in Premier by 71.7% in the fourth quarter. Hexagon Capital Partners LLC now owns 1,660 shares of the company’s stock valued at $37,000 after acquiring an additional 693 shares during the last quarter. Parallel Advisors LLC increased its stake in Premier by 141.2% in the fourth quarter. Parallel Advisors LLC now owns 1,980 shares of the company’s stock valued at $44,000 after acquiring an additional 1,159 shares during the last quarter. Janiczek Wealth Management LLC increased its stake in Premier by 246.5% in the fourth quarter. Janiczek Wealth Management LLC now owns 2,533 shares of the company’s stock valued at $57,000 after acquiring an additional 1,802 shares during the last quarter. Finally, Van ECK Associates Corp increased its stake in Premier by 22.4% in the fourth quarter. Van ECK Associates Corp now owns 3,289 shares of the company’s stock valued at $74,000 after acquiring an additional 601 shares during the last quarter. Institutional investors own 74.41% of the company’s stock.

Insider Buying and Selling at Premier

In other Premier news, General Counsel David L. Klatsky sold 13,339 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the general counsel now owns 92,001 shares of the company’s stock, valued at $1,706,618.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, COO Leigh Anderson sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $19.41, for a total transaction of $388,200.00. Following the completion of the sale, the chief operating officer now owns 183,928 shares of the company’s stock, valued at $3,570,042.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel David L. Klatsky sold 13,339 shares of the firm’s stock in a transaction that occurred 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 sale, the general counsel now directly owns 92,001 shares of the company’s stock, valued at approximately $1,706,618.55. The disclosure for this sale can be found here. Over the last quarter, insiders sold 89,075 shares of company stock valued at $1,700,650. Corporate insiders own 0.85% of the company’s stock.

Premier Stock Up 2.8 %

PINC traded up $0.54 on Wednesday, hitting $19.72. The company had a trading volume of 71,301 shares, compared to its average volume of 1,590,523. 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, Inc. has a 52-week low of $17.95 and a 52-week high of $28.30. The stock has a fifty day simple moving average of $18.85 and a 200-day simple moving average of $20.54. The firm has a market capitalization of $2.07 billion, a P/E ratio of 29.97, a P/E/G ratio of 6.10 and a beta of 0.42.

Premier (NASDAQ:PINC) last announced its earnings results on Tuesday, May 7th. The company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.07. Premier had a net margin of 6.01% and a return on equity of 11.71%. The business had revenue of $342.60 million during the quarter, compared to the consensus estimate of $312.92 million. As a group, equities analysts expect that Premier, Inc. will post 1.96 EPS for the current fiscal year.

Premier Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, June 15th. Shareholders of record on Saturday, June 1st were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.26%. The ex-dividend date of this dividend was Friday, May 31st. Premier’s dividend payout ratio is 131.25%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Canaccord Genuity Group reissued a “hold” rating and issued a $21.00 target price (down previously from $27.00) on shares of Premier in a research note on Wednesday, May 8th. JPMorgan Chase & Co. reduced their target price on Premier from $23.00 to $21.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 28th. Piper Sandler cut their price target on shares of Premier from $24.00 to $22.00 and set a “neutral” rating for the company in a research report on Wednesday, May 8th. StockNews.com upgraded shares of Premier from a “hold” rating to a “buy” rating in a research report on Thursday, May 9th. Finally, Robert W. Baird dropped their target price on shares of Premier from $25.00 to $22.00 and set a “neutral” rating for the company in a report on Wednesday, May 8th. One 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’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $23.50.

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.