New York State Teachers Retirement System Raises Position in Premier, Inc. (NASDAQ:PINC)

New York State Teachers Retirement System raised its holdings in Premier, Inc. (NASDAQ:PINC) by 8.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 31,760 shares of the company’s stock after buying an additional 2,460 shares during the period. New York State Teachers Retirement System’s holdings in Premier were worth $710,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Global Retirement Partners LLC boosted its position in Premier by 153.3% in the 4th quarter. Global Retirement Partners LLC now owns 1,583 shares of the company’s stock valued at $35,000 after buying an additional 958 shares during the period. Mitsubishi UFJ Trust & Banking Corp boosted its position in Premier by 53.0% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,138 shares of the company’s stock valued at $46,000 after buying an additional 741 shares during the period. Captrust Financial Advisors boosted its position in Premier by 48.5% in the 2nd quarter. Captrust Financial Advisors now owns 1,362 shares of the company’s stock valued at $49,000 after buying an additional 445 shares during the period. Amundi lifted its position in shares of Premier by 397.6% during the 4th quarter. Amundi now owns 1,443 shares of the company’s stock worth $50,000 after purchasing an additional 1,153 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in shares of Premier during the 2nd quarter worth $78,000. Hedge funds and other institutional investors own 74.41% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on PINC shares. Barclays started coverage on shares of Premier in a research report on Wednesday, January 3rd. They set an “equal weight” rating and a $22.00 price objective for the company. SVB Leerink started coverage on shares of Premier in a research report on Monday, February 26th. They set a “market perform” rating and a $22.50 price objective for the company. StockNews.com cut shares of Premier from a “buy” rating to a “hold” rating in a research report on Wednesday, February 7th. Finally, Leerink Partnrs reaffirmed a “market perform” rating on shares of Premier in a research report on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $25.15.

Premier Trading Up 0.7 %

NASDAQ PINC opened at $20.79 on Friday. The firm has a market cap of $2.49 billion, a PE ratio of 14.96, a P/E/G ratio of 5.26 and a beta of 0.38. Premier, Inc. has a one year low of $18.89 and a one year high of $33.58. The firm’s fifty day moving average is $21.30 and its two-hundred day moving average is $21.18. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.32 and a current ratio of 1.43.

Premier (NASDAQ:PINC) last released its quarterly earnings data on Monday, February 5th. The company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.02. The firm had revenue of $334.75 million for the quarter, compared to the consensus estimate of $338.55 million. Premier had a net margin of 12.71% and a return on equity of 11.60%. Analysts expect that Premier, Inc. will post 1.95 earnings per share for the current year.

Premier Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 4.04%. The ex-dividend date of this dividend was Thursday, February 29th. Premier’s dividend payout ratio is currently 60.43%.

About Premier

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.