Helen M. Boudreau Sells 2,500 Shares of Premier, Inc. (NASDAQ:PINC) Stock

Premier, Inc. (NASDAQ:PINC) Director Helen M. Boudreau sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $21.42, for a total transaction of $53,550.00. Following the completion of the sale, the director now owns 20,668 shares in the company, valued at $442,708.56. This represents a 10.79 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Premier Trading Down 0.9 %

NASDAQ PINC opened at $21.09 on Wednesday. The firm has a market capitalization of $2.03 billion, a PE ratio of 15.51 and a beta of 0.43. The business’s 50-day moving average price is $21.96 and its two-hundred day moving average price is $20.50. Premier, Inc. has a 12 month low of $17.95 and a 12 month high of $23.56.

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

Premier Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Sunday, December 15th. Stockholders of record on Sunday, December 1st were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 3.98%. The ex-dividend date of this dividend was Friday, November 29th. Premier’s dividend payout ratio (DPR) is presently 61.76%.

Hedge Funds Weigh In On Premier

A number of hedge funds have recently bought and sold shares of PINC. Y Intercept Hong Kong Ltd grew its holdings in Premier by 2.4% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 20,409 shares of the company’s stock worth $408,000 after acquiring an additional 478 shares during the period. Arizona State Retirement System lifted its stake in shares of Premier by 2.0% in the 2nd quarter. Arizona State Retirement System now owns 33,542 shares of the company’s stock valued at $626,000 after purchasing an additional 653 shares during the period. Abich Financial Wealth Management LLC boosted its position in shares of Premier by 37.0% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 2,672 shares of the company’s stock valued at $50,000 after purchasing an additional 721 shares in the last quarter. GAMMA Investing LLC grew its stake in Premier by 137.6% during the third quarter. GAMMA Investing LLC now owns 1,347 shares of the company’s stock worth $27,000 after purchasing an additional 780 shares during the period. Finally, Impact Partnership Wealth LLC increased its holdings in Premier by 7.1% in the third quarter. Impact Partnership Wealth LLC now owns 11,945 shares of the company’s stock worth $239,000 after purchasing an additional 795 shares in the last quarter. Institutional investors own 74.41% of the company’s stock.

Analyst Ratings Changes

PINC has been the topic of several recent research reports. Barclays raised their price objective on Premier from $20.00 to $24.00 and gave the company an “equal weight” rating in a report on Wednesday, November 6th. Canaccord Genuity Group lifted their price target on Premier from $19.00 to $21.00 and gave the company a “hold” rating in a research note on Wednesday, November 6th. StockNews.com cut Premier from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. Finally, Robert W. Baird raised their price objective on shares of Premier from $19.00 to $20.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Ten research analysts have rated the stock with a hold rating, According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $21.36.

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.