Premier, Inc. (NASDAQ:PINC – Get Free Report) has earned an average recommendation of “Reduce” from the seven research firms that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation and six have issued a hold recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $25.2857.
A number of analysts have recently commented on PINC shares. Canaccord Genuity Group upped their price target on Premier from $22.00 to $25.00 and gave the company a “hold” rating in a research note on Wednesday, August 20th. UBS Group upped their price target on Premier from $23.00 to $26.00 and gave the company a “neutral” rating in a research note on Wednesday, August 20th. Bank of America upped their price target on Premier from $19.00 to $21.00 and gave the company an “underperform” rating in a research note on Tuesday, August 19th. Leerink Partners increased their target price on Premier from $24.00 to $26.00 and gave the stock a “market perform” rating in a research note on Tuesday, August 19th. Finally, Piper Sandler increased their target price on Premier from $24.00 to $28.00 and gave the stock a “neutral” rating in a research note on Monday, August 25th.
Get Premier alerts:
Read Our Latest Analysis on Premier
Premier Price Performance
Shares of PINC stock opened at $26.60 on Wednesday. The stock has a market cap of $2.20 billion, a PE ratio of 120.91 and a beta of 0.61. The stock has a 50-day moving average of $23.58 and a 200-day moving average of $21.76. Premier has a one year low of $17.23 and a one year high of $28.79.
Premier Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Monday, September 1st will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Friday, August 29th. Premier’s dividend payout ratio is presently 381.82%.
Insider Buying and Selling
In other Premier news, Director John T. Bigalke sold 1,137 shares of the company’s stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $25.79, for a total transaction of $29,323.23. Following the completion of the transaction, the director owned 27,536 shares of the company’s stock, valued at $710,153.44. This represents a 3.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, General Counsel David L. Klatsky sold 1,319 shares of the company’s stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $25.85, for a total value of $34,096.15. Following the transaction, the general counsel directly owned 94,331 shares of the company’s stock, valued at approximately $2,438,456.35. This trade represents a 1.38% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 12,326 shares of company stock valued at $317,230. 0.96% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Premier
Large investors have recently bought and sold shares of the company. First Horizon Advisors Inc. boosted its position in Premier by 198.2% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,130 shares of the company’s stock worth $25,000 after acquiring an additional 751 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in Premier during the 2nd quarter worth approximately $32,000. Signaturefd LLC boosted its position in Premier by 72.2% during the 2nd quarter. Signaturefd LLC now owns 2,197 shares of the company’s stock worth $48,000 after acquiring an additional 921 shares during the last quarter. GAMMA Investing LLC boosted its position in Premier by 112.1% during the 2nd quarter. GAMMA Investing LLC now owns 2,522 shares of the company’s stock worth $55,000 after acquiring an additional 1,333 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in Premier by 155.1% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,541 shares of the company’s stock worth $55,000 after acquiring an additional 1,545 shares during the last quarter. Institutional investors and hedge funds own 74.41% of the company’s stock.
Premier Company Profile
(Get Free Report)
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.
Further Reading
Five stocks we like better than Premier
How to trade penny stocks: A step-by-step guide
Best Bang For Your Buck? 2 Bargain Stocks with 30%+ Upside
About the Markup Calculator
Football Season Is Here and DraftKings Stock Is Surging
3 Small Caps With Big Return Potential
RH Stock Slides After Mixed Earnings and Tariff Concerns