Cwm LLC Has $796,000 Stock Position in Premier, Inc. $PINC

Cwm LLC trimmed its position in Premier, Inc. (NASDAQ:PINC) by 5.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,287 shares of the company’s stock after selling 1,980 shares during the quarter. Cwm LLC’s holdings in Premier were worth $796,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the stock. Vanguard Personalized Indexing Management LLC acquired a new stake in shares of Premier during the second quarter worth approximately $202,000. Inspire Investing LLC lifted its stake in Premier by 214.4% in the second quarter. Inspire Investing LLC now owns 56,325 shares of the company’s stock valued at $1,235,000 after acquiring an additional 38,409 shares during the last quarter. Friedenthal Financial acquired a new stake in Premier in the second quarter valued at approximately $976,000. OLD National Bancorp IN lifted its stake in Premier by 8.2% in the second quarter. OLD National Bancorp IN now owns 13,136 shares of the company’s stock valued at $288,000 after acquiring an additional 996 shares during the last quarter. Finally, QRG Capital Management Inc. lifted its stake in Premier by 33.1% in the second quarter. QRG Capital Management Inc. now owns 21,663 shares of the company’s stock valued at $475,000 after acquiring an additional 5,387 shares during the last quarter. 74.41% of the stock is currently owned by institutional investors and hedge funds.

Premier Trading Up 0.1%

Shares of PINC stock opened at $28.04 on Thursday. Premier, Inc. has a 1 year low of $17.23 and a 1 year high of $28.79. The firm’s fifty day simple moving average is $26.88 and its 200 day simple moving average is $23.46. The firm has a market capitalization of $2.31 billion, a P/E ratio of 127.46 and a beta of 0.64.

Premier (NASDAQ:PINC) last announced its earnings results on Tuesday, January 14th. The company reported $0.67 earnings per share (EPS) for the quarter. Premier had a net margin of 2.00% and a return on equity of 7.04%. The business had revenue of ($713.06) million for the quarter. Equities research analysts anticipate that Premier, Inc. will post 1.13 EPS for the current fiscal year.

Premier Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Monday, September 1st were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Friday, August 29th. Premier’s payout ratio is 381.82%.

Insider Buying and Selling at Premier

In other Premier news, General Counsel David L. Klatsky sold 1,319 shares of the business’s stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $25.85, for a total value of $34,096.15. Following the sale, the general counsel owned 94,331 shares of the company’s stock, valued at $2,438,456.35. The trade was a 1.38% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Andy Brailo sold 6,521 shares of the business’s stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $25.79, for a total transaction of $168,176.59. Following the completion of the sale, the insider directly owned 99,447 shares in the company, valued at $2,564,738.13. This trade represents a 6.15% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,326 shares of company stock valued at $317,230 in the last 90 days. 0.96% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms have issued reports on PINC. Bank of America lifted their target price on shares of Premier from $19.00 to $21.00 and gave the company an “underperform” rating in a research note on Tuesday, August 19th. Piper Sandler lifted their target price on shares of Premier from $24.00 to $28.00 and gave the company a “neutral” rating in a research note on Monday, August 25th. Leerink Partners lifted their target price on shares of Premier from $24.00 to $26.00 and gave the company a “market perform” rating in a research note on Tuesday, August 19th. Canaccord Genuity Group lifted their target price on shares of Premier from $25.00 to $28.25 and gave the company a “hold” rating in a research note on Tuesday, September 23rd. Finally, Robert W. Baird lifted their target price on shares of Premier from $22.00 to $27.00 and gave the company a “neutral” rating in a research note on Wednesday, August 20th. Seven equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $26.07.

Premier 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.