Premier, Inc. (NASDAQ:PINC) COO Sells $437,600.00 in Stock

Premier, Inc. (NASDAQ:PINC) COO Leigh Anderson sold 20,000 shares of the company’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $21.88, for a total transaction of $437,600.00. Following the sale, the chief operating officer now directly owns 111,707 shares of the company’s stock, valued at $2,444,149.16. This represents a 15.19 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Leigh Anderson also recently made the following trade(s):

• On Tuesday, October 1st, Leigh Anderson sold 20,000 shares of Premier stock. The shares were sold at an average price of $19.62, for a total transaction of $392,400.00.

Premier Trading Up 0.6 %

Shares of PINC stock opened at $21.51 on Wednesday. The firm has a market capitalization of $2.07 billion, a price-to-earnings ratio of 15.82 and a beta of 0.42. The business’s 50-day moving average price is $21.67 and its 200-day moving average price is $20.29. Premier, Inc. has a 12 month low of $17.95 and a 12 month high of $23.56.

Premier (NASDAQ:PINC) last posted its earnings results on Tuesday, November 5th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.25 by $0.09. Premier had a net margin of 11.41% and a return on equity of 10.74%. The business had revenue of $248.14 million for the quarter, compared to the consensus estimate of $232.85 million. During the same period last year, the company earned $0.50 EPS. The firm’s revenue was down 7.8% compared to the same quarter last year. On average, sell-side analysts predict that Premier, Inc. will post 1.09 earnings per share for the current fiscal year.

Premier Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Sunday, December 15th. Investors of record on Sunday, December 1st were issued a $0.21 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.84 dividend on an annualized basis and a yield of 3.91%. Premier’s payout ratio is 61.76%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Pacer Advisors Inc. increased its stake in shares of Premier by 384.3% in the second quarter. Pacer Advisors Inc. now owns 6,311,089 shares of the company’s stock valued at $117,828,000 after buying an additional 5,007,851 shares during the period. Dimensional Fund Advisors LP increased its position in Premier by 14.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,951,043 shares of the company’s stock valued at $111,105,000 after purchasing an additional 773,207 shares during the period. American Century Companies Inc. raised its holdings in Premier by 60.4% during the 2nd quarter. American Century Companies Inc. now owns 2,051,578 shares of the company’s stock worth $38,303,000 after purchasing an additional 772,392 shares during the last quarter. Edgestream Partners L.P. acquired a new position in shares of Premier in the 2nd quarter worth approximately $5,138,000. Finally, Squarepoint Ops LLC boosted its stake 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 last quarter. 74.41% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have commented on PINC shares. StockNews.com downgraded shares of Premier from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. Canaccord Genuity Group upped their price objective on Premier from $19.00 to $21.00 and gave the stock a “hold” rating in a research report on Wednesday, November 6th. JPMorgan Chase & Co. decreased their target price on Premier from $21.00 to $19.00 and set a “neutral” rating on the stock in a research report on Monday, September 9th. Robert W. Baird increased their target price on shares of Premier from $19.00 to $20.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Finally, Barclays raised their price target on shares of Premier from $20.00 to $24.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 6th. Ten investment analysts have rated the stock with a hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $21.36.

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.