Premier (PINC) Stock Price, News & Analysis

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Premier in the last twelve months. There are currently 1 sell rating, 9 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" PINC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PINC, but not buy additional shares or sell existing shares.
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12 brokerages have issued 1 year target prices for Premier's stock. Their PINC share price targets range from $21.00 to $30.00. On average, they anticipate the company's stock price to reach $25.15 in the next twelve months. This suggests a possible upside of 21.5% from the stock's current price.
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Premier's stock was trading at $22.36 at the beginning of the year. Since then, PINC stock has decreased by 7.4% and is now trading at $20.70.
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Premier saw a decrease in short interest in March. As of March 31st, there was short interest totaling 4,430,000 shares, a decrease of 29.8% from the March 15th total of 6,310,000 shares. Based on an average daily trading volume, of 1,650,000 shares, the short-interest ratio is currently 2.7 days. Approximately 3.7% of the company's shares are sold short.
View Premier's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024.
View our PINC earnings forecast.

Premier, Inc. (NASDAQ:PINC) released its earnings results on Monday, February, 5th. The company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.02. The company earned $334.75 million during the quarter, compared to the consensus estimate of $338.55 million. Premier had a trailing twelve-month return on equity of 11.60% and a net margin of 12.71%.

Premier announced a quarterly dividend on Thursday, January 25th. Investors of record on Friday, March 1st will be paid a dividend of $0.21 per share on Friday, March 15th. This represents a $0.84 annualized dividend and a dividend yield of 4.06%. The ex-dividend date of this dividend is Thursday, February 29th.
Read our dividend analysis for PINC.

Premier (NASDAQ:PINC) pays an annual dividend of $0.84 per share and currently has a dividend yield of 3.98%. PINC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 60.43%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PINC will have a dividend payout ratio of 39.81% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PINC.

ETFs with the largest weight of Premier (NASDAQ:PINC) stock in their portfolio include Small Cap US Equity Select ETF (RNSC), Fidelity Digital Health ETF (FDHT), Invesco S&P SmallCap Health Care ETF (PSCH), First Trust Health Care AlphaDEX Fund (FXH), SPDR S&P Health Care Services ETF (XHS), ALPS O'Shares U.S. Small-Cap Quality Dividend ETF (OUSM), Invesco S&P SmallCap High Dividend Low Volatility ETF (XSHD) and Hartford Multifactor Small Cap ETF (ROSC).

Premier updated its FY24 earnings guidance on Tuesday, February, 6th. The company provided earnings per share guidance of $2.06-2.18 for the period, compared to the consensus earnings per share estimate of $2.16. The company issued revenue guidance of $1.265-1.325 billion, compared to the consensus revenue estimate of $1.34 billion.

157 employees have rated Premier Chief Executive Officer Susan DeVore on Glassdoor.com. Susan DeVore has an approval rating of 63% among the company's employees. This puts Susan DeVore in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Premier investors own include AbbVie (ABBV), Pfizer (PFE), QUALCOMM (QCOM), Energy Transfer (ET), AT&T (T), Alibaba Group (BABA), Cisco Systems (CSCO), Enterprise Products Partners (EPD), General Motors (GM) and Home Depot (HD).

Premier's stock is owned by many different retail and institutional investors. Top institutional shareholders include Carolina Wealth Advisors LLC (0.22%), Alaska Permanent Fund Corp (0.09%), Range Financial Group LLC (0.04%), Thompson Investment Management Inc. (0.02%) and Janiczek Wealth Management LLC (0.00%). Insiders that own company stock include Craig S Mckasson, Craig S Mckasson, David Alfred Hargraves, David L Klatsky and Leigh Anderson.
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Shares of PINC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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