Strs Ohio lessened its position in shares of Premier, Inc. (NASDAQ:PINC – Get Rating) by 7.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 67,821 shares of the company’s stock after selling 5,509 shares during the period. Strs Ohio owned about 0.06% of Premier worth $2,301,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of the company. Parallel Advisors LLC lifted its holdings in Premier by 37.0% during the 2nd quarter. Parallel Advisors LLC now owns 1,185 shares of the company’s stock worth $42,000 after buying an additional 320 shares during the last quarter. Range Financial Group LLC raised its position in shares of Premier by 1.1% during the 3rd quarter. Range Financial Group LLC now owns 38,898 shares of the company’s stock worth $1,320,000 after purchasing an additional 417 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Premier by 0.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 68,152 shares of the company’s stock worth $2,426,000 after purchasing an additional 433 shares during the period. Captrust Financial Advisors raised its position in shares of Premier by 48.5% during the 2nd quarter. Captrust Financial Advisors now owns 1,362 shares of the company’s stock worth $49,000 after purchasing an additional 445 shares during the period. Finally, Ritholtz Wealth Management raised its position in shares of Premier by 10.9% during the 3rd quarter. Ritholtz Wealth Management now owns 7,596 shares of the company’s stock worth $258,000 after purchasing an additional 746 shares during the period. Institutional investors own 66.93% of the company’s stock.
Analysts Set New Price Targets
PINC has been the topic of a number of research reports. Robert W. Baird upgraded Premier from a “neutral” rating to an “outperform” rating and set a $41.00 price target on the stock in a research report on Wednesday, November 2nd. Barclays dropped their price target on Premier to $33.00 in a research report on Thursday, October 13th. JPMorgan Chase & Co. lowered their target price on Premier from $41.00 to $30.00 and set a “neutral” rating on the stock in a research report on Friday, November 18th. StockNews.com cut Premier from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 5th. Finally, TheStreet cut Premier from a “b” rating to a “c+” rating in a research report on Tuesday, September 13th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $40.56.
Premier Stock Performance
Premier (NASDAQ:PINC – Get Rating) last released its quarterly earnings data on Tuesday, November 1st. The company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.02). The company had revenue of $313.87 million for the quarter, compared to the consensus estimate of $327.95 million. Premier had a return on equity of 11.35% and a net margin of 13.50%. As a group, equities analysts predict that Premier, Inc. will post 2.37 EPS for the current fiscal year.
Premier Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.41%. The ex-dividend date of this dividend was Wednesday, November 30th. Premier’s dividend payout ratio is presently 54.19%.
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.
- Get a free copy of the StockNews.com research report on Premier (PINC)
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