Sei Investments Co. Sells 44,201 Shares of Premier, Inc. (NASDAQ:PINC)

Sei Investments Co. trimmed its stake in Premier, Inc. (NASDAQ:PINC) by 56.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 33,715 shares of the company’s stock after selling 44,201 shares during the period. Sei Investments Co.’s holdings in Premier were worth $715,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Brooklyn Investment Group lifted its holdings in Premier by 61,750.0% in the fourth quarter. Brooklyn Investment Group now owns 1,237 shares of the company’s stock worth $26,000 after buying an additional 1,235 shares during the period. SRS Capital Advisors Inc. raised its position in shares of Premier by 157.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,284 shares of the company’s stock worth $27,000 after acquiring an additional 786 shares in the last quarter. Keystone Financial Group Inc. purchased a new position in shares of Premier in the 4th quarter valued at approximately $37,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Premier during the third quarter valued at approximately $39,000. Finally, Smartleaf Asset Management LLC grew its stake in Premier by 297.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,906 shares of the company’s stock worth $40,000 after purchasing an additional 1,427 shares during the period. Institutional investors own 74.41% of the company’s stock.

Insider Transactions at Premier

In other news, General Counsel David L. Klatsky sold 10,000 shares of the company’s stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $19.53, for a total transaction of $195,300.00. Following the transaction, the general counsel now directly owns 90,597 shares of the company’s stock, valued at $1,769,359.41. This represents a 9.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.96% of the company’s stock.

Premier Price Performance

PINC opened at $18.94 on Wednesday. Premier, Inc. has a 1 year low of $17.23 and a 1 year high of $23.56. The stock has a 50-day moving average price of $18.82 and a 200-day moving average price of $20.42. The firm has a market cap of $1.73 billion, a PE ratio of -189.38 and a beta of 0.51.

Premier Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, March 15th. Stockholders of record on Saturday, March 1st were paid a $0.21 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.84 annualized dividend and a dividend yield of 4.44%. Premier’s dividend payout ratio is presently -840.00%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on PINC shares. Piper Sandler lowered their price objective on Premier from $21.00 to $19.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. Robert W. Baird decreased their price target on shares of Premier from $20.00 to $19.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. Finally, Canaccord Genuity Group dropped their price objective on shares of Premier from $21.00 to $19.00 and set a “hold” rating on the stock in a research note on Wednesday, February 5th. Eight research analysts have rated the stock with a hold rating, According to data from MarketBeat, Premier presently has an average rating of “Hold” and an average price target of $20.17.

Premier Company Profile

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.