Premier, Inc. (NASDAQ:PINC) Shares Bought by First Trust Advisors LP

First Trust Advisors LP increased its holdings in Premier, Inc. (NASDAQ:PINCFree Report) by 5.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,287,715 shares of the company’s stock after purchasing an additional 65,220 shares during the period. First Trust Advisors LP owned 1.08% of Premier worth $28,793,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Global Retirement Partners LLC lifted its stake in shares of 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 purchasing an additional 958 shares in the last quarter. Hexagon Capital Partners LLC lifted its stake in shares of Premier by 71.7% in the 4th quarter. Hexagon Capital Partners LLC now owns 1,660 shares of the company’s stock valued at $37,000 after purchasing an additional 693 shares in the last quarter. Parallel Advisors LLC lifted its stake in shares of Premier by 141.2% in the 4th quarter. Parallel Advisors LLC now owns 1,980 shares of the company’s stock valued at $44,000 after purchasing an additional 1,159 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of 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 purchasing an additional 741 shares in the last quarter. Finally, Janiczek Wealth Management LLC lifted its stake in shares of Premier by 246.5% in the 4th quarter. Janiczek Wealth Management LLC now owns 2,533 shares of the company’s stock valued at $57,000 after purchasing an additional 1,802 shares in the last quarter. Hedge funds and other institutional investors own 74.41% of the company’s stock.

Premier Trading Down 0.8 %

NASDAQ:PINC opened at $18.78 on Monday. Premier, Inc. has a 12-month low of $18.57 and a 12-month high of $28.30. The firm has a market capitalization of $1.97 billion, a P/E ratio of 29.34, a P/E/G ratio of 6.31 and a beta of 0.44. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.93 and a quick ratio of 0.82. The business has a 50 day simple moving average of $20.18 and a 200 day simple moving average of $21.13.

Premier (NASDAQ:PINCGet Free Report) last released its quarterly earnings data on Tuesday, May 7th. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.07. Premier had a return on equity of 11.71% and a net margin of 6.01%. Equities research analysts predict that Premier, Inc. will post 1.96 EPS for the current year.

Premier Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Saturday, June 15th. Shareholders of record on Saturday, June 1st will be given a dividend of $0.21 per share. The ex-dividend date is Friday, May 31st. This represents a $0.84 dividend on an annualized basis and a yield of 4.47%. Premier’s dividend payout ratio (DPR) is presently 131.25%.

Wall Street Analyst Weigh In

PINC has been the topic of several analyst reports. Robert W. Baird dropped their target price on Premier from $25.00 to $22.00 and set a “neutral” rating on the stock in a report on Wednesday, May 8th. Canaccord Genuity Group reiterated a “hold” rating and set a $21.00 target price (down from $27.00) on shares of Premier in a report on Wednesday, May 8th. Piper Sandler dropped their target price on Premier from $24.00 to $22.00 and set a “neutral” rating on the stock in a report on Wednesday, May 8th. Leerink Partnrs restated a “market perform” rating on shares of Premier in a report on Monday, February 26th. Finally, StockNews.com upgraded Premier from a “hold” rating to a “buy” rating in a report on Thursday, May 9th. One analyst has rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $23.50.

Get Our Latest Research Report on Premier

Insiders Place Their Bets

In other Premier news, Director Helen M. Boudreau sold 6,629 shares of the business’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $19.85, for a total transaction of $131,585.65. Following the completion of the transaction, the director now owns 16,067 shares in the company, valued at approximately $318,929.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Premier news, Director Helen M. Boudreau sold 6,629 shares of the business’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $19.85, for a total transaction of $131,585.65. Following the completion of the transaction, the director now owns 16,067 shares in the company, valued at approximately $318,929.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Andy Brailo sold 13,318 shares of the business’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $19.00, for a total value of $253,042.00. Following the transaction, the insider now owns 98,427 shares of the company’s stock, valued at approximately $1,870,113. The disclosure for this sale can be found here. In the last quarter, insiders sold 55,736 shares of company stock worth $1,080,612. 0.85% of the stock is owned by company insiders.

Premier Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Premier (NASDAQ:PINC)

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