Central Pacific Bank Trust Division Takes $124,000 Position in Premier, Inc. (NASDAQ:PINC)

Central Pacific Bank Trust Division purchased a new stake in shares of Premier, Inc. (NASDAQ:PINCFree Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 5,780 shares of the company’s stock, valued at approximately $124,000.

Other large investors have also recently modified their holdings of the company. Global Retirement Partners LLC raised its stake in shares of Premier by 153.3% during the fourth quarter. Global Retirement Partners LLC now owns 1,583 shares of the company’s stock valued at $35,000 after acquiring an additional 958 shares during the last quarter. Hexagon Capital Partners LLC raised its stake in Premier by 71.7% during the fourth quarter. Hexagon Capital Partners LLC now owns 1,660 shares of the company’s stock worth $37,000 after buying an additional 693 shares during the last quarter. Parallel Advisors LLC raised its stake in Premier by 141.2% during the fourth quarter. Parallel Advisors LLC now owns 1,980 shares of the company’s stock worth $44,000 after buying an additional 1,159 shares during the last quarter. Janiczek Wealth Management LLC raised its stake in Premier by 246.5% during the fourth quarter. Janiczek Wealth Management LLC now owns 2,533 shares of the company’s stock worth $57,000 after buying an additional 1,802 shares during the last quarter. Finally, Van ECK Associates Corp raised its stake in Premier by 22.4% during the fourth quarter. Van ECK Associates Corp now owns 3,289 shares of the company’s stock worth $74,000 after buying an additional 601 shares during the last quarter. Institutional investors own 74.41% of the company’s stock.

Premier Stock Down 0.5 %

Shares of NASDAQ PINC opened at $18.40 on Thursday. The stock has a market capitalization of $1.93 billion, a P/E ratio of 28.75, a P/E/G ratio of 6.05 and a beta of 0.42. The company has a 50-day moving average price of $18.98 and a 200-day moving average price of $20.65. Premier, Inc. has a 1 year low of $17.95 and a 1 year high of $28.30. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.93 and a quick ratio of 0.82.

Premier (NASDAQ:PINCGet Free Report) last issued 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 net margin of 6.01% and a return on equity of 11.71%. The firm had revenue of $342.60 million during the quarter, compared to analysts’ expectations of $312.92 million. On average, equities research analysts forecast that Premier, Inc. will post 1.96 EPS for the current fiscal year.

Premier Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Saturday, June 15th. Investors of record on Saturday, June 1st were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 4.57%. The ex-dividend date was Friday, May 31st. Premier’s dividend payout ratio (DPR) is presently 131.25%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on PINC. JPMorgan Chase & Co. lowered their target price on shares of Premier from $23.00 to $21.00 and set a “neutral” rating for the company in a research note on Tuesday, May 28th. StockNews.com raised shares of Premier from a “hold” rating to a “buy” rating in a research note on Thursday, May 9th. Piper Sandler lowered their target price on shares of Premier from $24.00 to $22.00 and set a “neutral” rating for the company in a research note on Wednesday, May 8th. Canaccord Genuity Group reissued a “hold” rating and set a $21.00 target price (down previously from $27.00) on shares of Premier in a research note on Wednesday, May 8th. Finally, Robert W. Baird reduced their price target on shares of Premier from $25.00 to $22.00 and set a “neutral” rating for the company in a report on Wednesday, May 8th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $23.50.

Get Our Latest Stock Analysis on PINC

Insiders Place Their Bets

In other Premier news, Director Helen M. Boudreau sold 6,629 shares of Premier stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $19.85, for a total value of $131,585.65. Following the sale, the director now owns 16,067 shares of the company’s stock, valued at $318,929.95. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director Helen M. Boudreau sold 6,629 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $19.85, for a total value of $131,585.65. Following the sale, the director now owns 16,067 shares of the company’s stock, valued at $318,929.95. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, General Counsel David L. Klatsky sold 13,339 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $18.55, for a total transaction of $247,438.45. Following the completion of the sale, the general counsel now directly owns 92,001 shares in the company, valued at approximately $1,706,618.55. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 89,075 shares of company stock valued at $1,700,650. Company insiders own 0.85% of the company’s stock.

About Premier

(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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