Premier, Inc. (NASDAQ:PINC) Shares Sold by Clark Estates Inc. NY

Clark Estates Inc. NY decreased its position in Premier, Inc. (NASDAQ:PINC) by 7.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 135,150 shares of the company’s stock after selling 10,900 shares during the period. Clark Estates Inc. NY owned approximately 0.13% of Premier worth $2,703,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Pacer Advisors Inc. raised its position in shares of Premier by 384.3% during the 2nd quarter. Pacer Advisors Inc. now owns 6,311,089 shares of the company’s stock worth $117,828,000 after buying an additional 5,007,851 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Premier by 14.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,951,043 shares of the company’s stock worth $111,105,000 after purchasing an additional 773,207 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Premier by 60.4% during the 2nd quarter. American Century Companies Inc. now owns 2,051,578 shares of the company’s stock valued at $38,303,000 after acquiring an additional 772,392 shares during the last quarter. Edgestream Partners L.P. purchased a new stake in shares of Premier during the second quarter valued at $5,138,000. Finally, Squarepoint Ops LLC boosted its position in shares of Premier by 145.5% in the 2nd quarter. Squarepoint Ops LLC now owns 381,799 shares of the company’s stock valued at $7,128,000 after purchasing an additional 226,290 shares during the period. Institutional investors and hedge funds own 74.41% of the company’s stock.

Premier Stock Performance

PINC opened at $22.75 on Wednesday. Premier, Inc. has a twelve month low of $17.95 and a twelve month high of $23.56. The firm has a market cap of $2.19 billion, a P/E ratio of 16.73, a price-to-earnings-growth ratio of 10.42 and a beta of 0.40. The business has a 50 day moving average price of $20.67 and a 200 day moving average price of $19.88.

Premier (NASDAQ:PINC) last released its earnings results on Tuesday, November 5th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.09. The firm had revenue of $248.14 million for the quarter, compared to analyst estimates of $232.85 million. Premier had a return on equity of 10.74% and a net margin of 11.41%. The company’s revenue was down 7.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.50 EPS. As a group, analysts anticipate that Premier, Inc. will post 1.09 earnings per share for the current fiscal year.

Premier Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders of record on Sunday, December 1st will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date of this dividend is Friday, November 29th. Premier’s dividend payout ratio is presently 61.77%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on PINC. StockNews.com cut shares of Premier from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. Benchmark cut shares of Premier from a “buy” rating to a “hold” rating in a report on Monday, August 26th. JPMorgan Chase & Co. dropped their price objective on shares of Premier from $21.00 to $19.00 and set a “neutral” rating on the stock in a research note on Monday, September 9th. Canaccord Genuity Group lifted their target price on shares of Premier from $19.00 to $21.00 and gave the company a “hold” rating in a research note on Wednesday, November 6th. Finally, Barclays raised their price target on Premier from $20.00 to $24.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 6th. Ten equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $21.36.

Insider Activity at Premier

In other news, CEO Michael J. Alkire sold 17,415 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $23.16, for a total value of $403,331.40. Following the transaction, the chief executive officer now directly owns 520,728 shares of the company’s stock, valued at $12,060,060.48. The trade was a 3.24 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Leigh Anderson sold 20,000 shares of the stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $19.62, for a total value of $392,400.00. Following the sale, the chief operating officer now owns 131,707 shares in the company, valued at approximately $2,584,091.34. This trade represents a 13.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 141,537 shares of company stock worth $2,915,552. 0.96% of the stock is owned by corporate insiders.

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.