Premier, Inc. (NASDAQ:PINC) Shares Bought by Gladius Capital Management LP

Gladius Capital Management LP grew its position in Premier, Inc. (NASDAQ:PINC) by 262.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,122 shares of the company’s stock after acquiring an additional 9,498 shares during the quarter. Gladius Capital Management LP’s holdings in Premier were worth $262,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Mitsubishi UFJ Trust & Banking Corp bought a new stake in Premier during the first quarter valued at $27,000. GAMMA Investing LLC grew its position in shares of Premier by 137.6% during the 3rd quarter. GAMMA Investing LLC now owns 1,347 shares of the company’s stock valued at $27,000 after buying an additional 780 shares during the last quarter. Abich Financial Wealth Management LLC grew its position in shares of Premier by 50.0% during the 1st quarter. Abich Financial Wealth Management LLC now owns 1,951 shares of the company’s stock valued at $43,000 after buying an additional 650 shares during the last quarter. Versant Capital Management Inc raised its stake in Premier by 265.2% during the second quarter. Versant Capital Management Inc now owns 2,140 shares of the company’s stock worth $40,000 after acquiring an additional 1,554 shares during the period. Finally, Meeder Asset Management Inc. bought a new position in Premier in the second quarter worth about $47,000. 74.41% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, General Counsel David L. Klatsky sold 1,319 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $19.96, for a total value of $26,327.24. Following the sale, the general counsel now directly owns 102,467 shares in the company, valued at $2,045,241.32. The trade was a 1.27 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Andy Brailo sold 4,390 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $20.51, for a total transaction of $90,038.90. Following the sale, the insider now owns 104,410 shares of the company’s stock, valued at $2,141,449.10. The trade was a 4.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 142,856 shares of company stock worth $2,941,879. 0.96% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. JPMorgan Chase & Co. lowered their target price on Premier from $21.00 to $19.00 and set a “neutral” rating for the company in a report on Monday, September 9th. Benchmark downgraded Premier from a “buy” rating to a “hold” rating in a research note on Monday, August 26th. StockNews.com cut Premier from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Canaccord Genuity Group boosted their price target on shares of Premier from $19.00 to $21.00 and gave the company a “hold” rating in a report on Wednesday, November 6th. Finally, Robert W. Baird increased their price objective on shares of Premier from $19.00 to $20.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Ten investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $21.36.

Premier Stock Down 1.2 %

Shares of NASDAQ PINC opened at $22.48 on Friday. The stock has a market cap of $2.25 billion, a P/E ratio of 16.53, a P/E/G ratio of 10.11 and a beta of 0.40. The firm’s 50-day simple moving average is $20.36 and its 200 day simple moving average is $19.79. Premier, Inc. has a fifty-two week low of $17.95 and a fifty-two week high of $23.43.

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

Premier Dividend Announcement

The company also recently declared 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 annualized dividend and a dividend yield of 3.74%. The ex-dividend date is Friday, November 29th. Premier’s dividend payout ratio (DPR) is presently 61.77%.

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.