Premier, Inc. $PINC Stake Lessened by Vanguard Group Inc.

Vanguard Group Inc. trimmed its position in shares of Premier, Inc. (NASDAQ:PINC) by 7.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,210,086 shares of the company’s stock after selling 838,518 shares during the period. Vanguard Group Inc. owned about 11.18% of Premier worth $196,850,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. LSV Asset Management raised its holdings in shares of Premier by 9.2% during the first quarter. LSV Asset Management now owns 1,392,700 shares of the company’s stock worth $26,851,000 after acquiring an additional 117,398 shares in the last quarter. Alps Advisors Inc. raised its holdings in shares of Premier by 7.8% during the first quarter. Alps Advisors Inc. now owns 921,163 shares of the company’s stock worth $17,760,000 after acquiring an additional 66,391 shares in the last quarter. Bridgeway Capital Management LLC raised its holdings in shares of Premier by 3.0% during the fourth quarter. Bridgeway Capital Management LLC now owns 762,337 shares of the company’s stock worth $16,162,000 after acquiring an additional 21,861 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Premier by 20.5% during the fourth quarter. Northern Trust Corp now owns 741,739 shares of the company’s stock worth $15,725,000 after acquiring an additional 126,217 shares in the last quarter. Finally, Allianz Asset Management GmbH raised its holdings in Premier by 40.1% during the first quarter. Allianz Asset Management GmbH now owns 563,920 shares of the company’s stock valued at $10,872,000 after buying an additional 161,501 shares in the last quarter. 74.41% of the stock is currently owned by hedge funds and other institutional investors.

Premier Stock Performance

Premier stock opened at $26.21 on Wednesday. The business’s 50-day simple moving average is $22.12 and its 200-day simple moving average is $20.80. The firm has a market capitalization of $2.16 billion, a PE ratio of 45.98 and a beta of 0.56. Premier, Inc. has a 52 week low of $17.23 and a 52 week high of $27.26.

Premier (NASDAQ:PINC) last released its earnings results on Tuesday, August 19th. The company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.09. Premier had a return on equity of 8.79% and a net margin of 5.68%.The business had revenue of $262.86 million for the quarter, compared to the consensus estimate of $247.10 million. During the same period last year, the business earned $0.69 earnings per share. The firm’s revenue for the quarter was down 12.5% compared to the same quarter last year. Premier has set its FY 2026 guidance at 1.330-1.430 EPS. Research analysts forecast that Premier, Inc. will post 1.13 earnings per share for the current year.

Premier Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Monday, September 1st will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.84 dividend on an annualized basis and a yield of 3.2%. Premier’s dividend payout ratio (DPR) is 147.37%.

Analyst Upgrades and Downgrades

PINC has been the topic of several recent research reports. Bank of America raised their target price on Premier from $19.00 to $21.00 and gave the company an “underperform” rating in a report on Tuesday. Robert W. Baird raised their target price on Premier from $19.00 to $22.00 and gave the company a “neutral” rating in a report on Thursday, May 15th. Leerink Partners raised their target price on Premier from $24.00 to $26.00 and gave the company a “market perform” rating in a report on Tuesday. Canaccord Genuity Group raised their target price on Premier from $19.00 to $22.00 and gave the company a “hold” rating in a report on Thursday, May 8th. Finally, Piper Sandler raised their target price on Premier from $19.00 to $24.00 and gave the company a “neutral” rating in a report on Wednesday, May 21st. Seven analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $22.57.

Insider Transactions at Premier

In other Premier news, Director Helen M. Boudreau sold 2,000 shares of Premier stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $22.88, for a total transaction of $45,760.00. Following the sale, the director directly owned 18,668 shares of the company’s stock, valued at approximately $427,123.84. The trade was a 9.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John T. Bigalke sold 1,137 shares of Premier stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $23.03, for a total value of $26,185.11. Following the sale, the director directly owned 28,673 shares in the company, valued at $660,339.19. The trade was a 3.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.96% of the stock is owned by company insiders.

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.