Yousif Capital Management LLC Lowers Position in Premier, Inc. (NASDAQ:PINC)

Yousif Capital Management LLC lessened its stake in shares of Premier, Inc. (NASDAQ:PINC) by 7.8% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 34,327 shares of the company’s stock after selling 2,897 shares during the period. Yousif Capital Management LLC’s holdings in Premier were worth $662,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. SRS Capital Advisors Inc. lifted its position in shares of Premier by 157.8% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,284 shares of the company’s stock valued at $27,000 after acquiring an additional 786 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in Premier by 297.9% in the 4th 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 in the last quarter. Van ECK Associates Corp boosted its stake in Premier by 28.0% in the 4th quarter. Van ECK Associates Corp now owns 2,041 shares of the company’s stock worth $43,000 after purchasing an additional 446 shares during the period. Aster Capital Management DIFC Ltd purchased a new stake in Premier during the 4th quarter valued at approximately $52,000. Finally, New Age Alpha Advisors LLC bought a new stake in shares of Premier during the fourth quarter valued at approximately $82,000. Hedge funds and other institutional investors own 74.41% of the company’s stock.

Analysts Set New Price Targets

PINC has been the subject of a number of research reports. Canaccord Genuity Group upped their target price on shares of Premier from $19.00 to $22.00 and gave the stock a “hold” rating in a research report on Thursday, May 8th. Piper Sandler boosted their price target on shares of Premier from $19.00 to $24.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 21st. Finally, Robert W. Baird increased their price objective on shares of Premier from $19.00 to $22.00 and gave the company a “neutral” rating in a report on Thursday, May 15th. Seven equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Premier has a consensus rating of “Hold” and a consensus price target of $22.20.

Insider Buying and Selling at Premier

In other news, Director John T. Bigalke sold 1,137 shares of the business’s stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $23.03, for a total transaction of $26,185.11. Following the transaction, the director now owns 28,673 shares of the company’s stock, valued at approximately $660,339.19. The trade was a 3.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Helen M. Boudreau sold 2,000 shares of the firm’s stock in a transaction on Friday, May 30th. The stock was sold at an average price of $22.88, for a total value of $45,760.00. Following the completion of the sale, the director now owns 18,668 shares of the company’s stock, valued at approximately $427,123.84. This represents a 9.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 24,119 shares of company stock worth $516,976 over the last ninety days. Company insiders own 0.96% of the company’s stock.

Premier Stock Performance

Shares of PINC opened at $22.06 on Friday. The stock has a market capitalization of $1.82 billion, a PE ratio of 38.70 and a beta of 0.57. The company’s fifty day moving average is $21.90 and its 200 day moving average is $20.72. Premier, Inc. has a fifty-two week low of $17.23 and a fifty-two week high of $23.56.

Premier Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Sunday, June 15th. Investors of record on Sunday, June 1st were given a $0.21 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $0.84 annualized dividend and a yield of 3.81%. Premier’s dividend payout ratio is currently 147.37%.

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.