Premier, Inc. (NASDAQ:PINC) Insider Sells $90,038.90 in Stock

Premier, Inc. (NASDAQ:PINC) insider Andy Brailo sold 4,390 shares of Premier stock in a transaction on Friday, September 6th. The stock was sold at an average price of $20.51, for a total value of $90,038.90. Following the completion of the sale, the insider now directly owns 104,410 shares of the company’s stock, valued at approximately $2,141,449.10. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Andy Brailo also recently made the following trade(s):

• On Monday, September 9th, Andy Brailo sold 17,000 shares of Premier stock. The shares were sold at an average price of $20.41, for a total value of $346,970.00.

Premier Trading Up 0.8 %

PINC opened at $19.86 on Wednesday. Premier, Inc. has a 1-year low of $17.95 and a 1-year high of $23.24. The firm’s 50 day simple moving average is $19.84 and its two-hundred day simple moving average is $20.06. The company has a market capitalization of $1.99 billion, a PE ratio of 31.03, a PEG ratio of 9.82 and a beta of 0.40.

Premier (NASDAQ:PINC) last announced its earnings results on Tuesday, August 20th. The company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.25. Premier had a return on equity of 11.69% and a net margin of 8.88%. The company had revenue of $350.30 million for the quarter, compared to analysts’ expectations of $308.88 million. During the same period last year, the firm earned $0.70 EPS. Premier’s revenue for the quarter was up 2.9% compared to the same quarter last year. Equities analysts forecast that Premier, Inc. will post 1.02 earnings per share for the current fiscal year.

Premier Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, September 15th. Investors of record on Sunday, September 1st will be paid a dividend of $0.21 per share. The ex-dividend date is Friday, August 30th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.23%. Premier’s dividend payout ratio (DPR) is presently 131.25%.

Institutional Investors Weigh In On Premier

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Brandes Investment Partners LP increased its stake in shares of Premier by 86.3% in the second quarter. Brandes Investment Partners LP now owns 349,098 shares of the company’s stock worth $6,497,000 after purchasing an additional 161,720 shares in the last quarter. Creative Planning increased its stake in Premier by 29.6% in the 2nd quarter. Creative Planning now owns 50,980 shares of the company’s stock worth $952,000 after buying an additional 11,645 shares in the last quarter. Algert Global LLC bought a new stake in Premier during the second quarter valued at about $225,000. Mackenzie Financial Corp purchased a new position in shares of Premier in the second quarter valued at about $468,000. Finally, AQR Capital Management LLC boosted its stake in shares of Premier by 6.6% in the second quarter. AQR Capital Management LLC now owns 1,590,926 shares of the company’s stock worth $29,241,000 after acquiring an additional 98,544 shares during the period. Institutional investors own 74.41% of the company’s stock.

Analyst Ratings Changes

PINC has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. decreased their target price on Premier from $21.00 to $19.00 and set a “neutral” rating for the company in a research report on Monday. Robert W. Baird decreased their price objective on shares of Premier from $22.00 to $19.00 and set a “neutral” rating for the company in a report on Wednesday, August 21st. StockNews.com cut shares of Premier from a “buy” rating to a “hold” rating in a report on Monday, September 2nd. Canaccord Genuity Group decreased their target price on shares of Premier from $21.00 to $20.00 and set a “hold” rating for the company in a research note on Wednesday, August 21st. Finally, Benchmark cut Premier from a “buy” rating to a “hold” rating in a report on Monday, August 26th. Ten research analysts have rated the stock with a hold rating, According to MarketBeat, Premier has a consensus rating of “Hold” and a consensus target price of $21.94.

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.