Premier, Inc. (NASDAQ:PINC) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. cut its holdings in Premier, Inc. (NASDAQ:PINC) by 75.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,728 shares of the company’s stock after selling 111,671 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Premier were worth $821,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of PINC. Quadrant Capital Group LLC increased its position in Premier by 41.9% during the 4th quarter. Quadrant Capital Group LLC now owns 7,452 shares of the company’s stock worth $167,000 after purchasing an additional 2,200 shares in the last quarter. Janney Montgomery Scott LLC raised its position in shares of Premier by 11.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 22,227 shares of the company’s stock valued at $497,000 after buying an additional 2,352 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in shares of Premier by 39.7% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 14,452 shares of the company’s stock valued at $323,000 after buying an additional 4,104 shares during the period. Teacher Retirement System of Texas boosted its position in Premier by 41.9% during the fourth quarter. Teacher Retirement System of Texas now owns 59,954 shares of the company’s stock worth $1,341,000 after acquiring an additional 17,694 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Premier by 10.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,413,931 shares of the company’s stock worth $31,615,000 after acquiring an additional 129,813 shares during the last quarter. 74.41% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PINC has been the subject of a number of recent analyst reports. Leerink Partnrs reaffirmed a “market perform” rating on shares of Premier in a research report on Monday, February 26th. Robert W. Baird lowered their price target on Premier from $25.00 to $22.00 and set a “neutral” rating for the company in a report on Wednesday, May 8th. Canaccord Genuity Group reaffirmed a “hold” rating and set a $21.00 price objective (down previously from $27.00) on shares of Premier in a research note on Wednesday, May 8th. Piper Sandler decreased their target price on shares of Premier from $24.00 to $22.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 8th. Finally, SVB Leerink initiated coverage on shares of Premier in a research report on Monday, February 26th. They set a “market perform” rating and a $22.50 price target for the company. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $23.50.

Insider Buying and Selling at Premier

In other news, insider Andy Brailo sold 8,331 shares of the company’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $19.64, for a total value of $163,620.84. Following the completion of the sale, the insider now owns 119,203 shares of the company’s stock, valued at $2,341,146.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, COO Leigh Anderson sold 20,000 shares of Premier stock in a transaction 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 sale, the chief operating officer now owns 183,928 shares of the company’s stock, valued at approximately $3,570,042.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Andy Brailo sold 8,331 shares of the company’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $19.64, for a total transaction of $163,620.84. Following the completion of the transaction, the insider now directly owns 119,203 shares of the company’s stock, valued at $2,341,146.92. The disclosure for this sale can be found here. Insiders have sold 34,960 shares of company stock valued at $683,406 over the last three months. 0.85% of the stock is owned by company insiders.

Premier Price Performance

Premier stock opened at $19.04 on Friday. The firm has a fifty day moving average of $20.80 and a 200-day moving average of $21.21. Premier, Inc. has a 52-week low of $18.65 and a 52-week high of $28.30. The company has a quick ratio of 0.82, a current ratio of 0.93 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $2.00 billion, a P/E ratio of 29.75, a PEG ratio of 6.50 and a beta of 0.39.

Premier Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, June 15th. Investors of record on Saturday, June 1st will be issued a $0.21 dividend. The ex-dividend date is Friday, May 31st. This represents a $0.84 annualized dividend and a yield of 4.41%. Premier’s dividend payout ratio is currently 131.25%.

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.