Premier, Inc. $PINC Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lessened its stake in shares of Premier, Inc. (NASDAQ:PINC) by 20.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,578 shares of the company’s stock after selling 2,718 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Premier were worth $232,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Signaturefd LLC lifted its stake in shares of Premier by 72.2% during the 2nd quarter. Signaturefd LLC now owns 2,197 shares of the company’s stock worth $48,000 after purchasing an additional 921 shares during the period. GAMMA Investing LLC lifted its stake in shares of Premier by 112.1% during the 2nd quarter. GAMMA Investing LLC now owns 2,522 shares of the company’s stock worth $55,000 after purchasing an additional 1,333 shares during the period. Parallel Advisors LLC lifted its stake in shares of Premier by 2,172.9% during the 2nd quarter. Parallel Advisors LLC now owns 2,932 shares of the company’s stock worth $64,000 after purchasing an additional 2,803 shares during the period. Atlas Capital Advisors Inc. purchased a new position in shares of Premier during the 1st quarter worth $125,000. Finally, Vestcor Inc purchased a new position in shares of Premier during the 1st quarter worth $125,000. Institutional investors and hedge funds own 74.41% of the company’s stock.

Premier Stock Down 0.2%

Shares of PINC stock opened at $28.11 on Thursday. The business has a 50 day moving average of $27.18 and a two-hundred day moving average of $23.83. Premier, Inc. has a 52 week low of $17.23 and a 52 week high of $28.79. The company has a market cap of $2.32 billion, a P/E ratio of 127.78 and a beta of 0.64.

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

Premier Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Monday, September 1st were given a dividend of $0.21 per share. The ex-dividend date was Friday, August 29th. This represents a $0.84 annualized dividend and a dividend yield of 3.0%. Premier’s dividend payout ratio (DPR) is 381.82%.

Insider Activity

In other Premier news, Director John T. Bigalke sold 1,137 shares of the business’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $25.79, for a total value of $29,323.23. Following the sale, the director directly owned 27,536 shares in the company, valued at approximately $710,153.44. The trade was a 3.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Andy Brailo sold 6,521 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $2,564,738.13. The trade was a 6.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 12,326 shares of company stock worth $317,230. 0.96% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on PINC shares. Robert W. Baird increased their target price on Premier from $22.00 to $27.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 20th. Piper Sandler increased their target price on Premier from $24.00 to $28.00 and gave the stock a “neutral” rating in a research report on Monday, August 25th. UBS Group increased their target price on Premier from $26.00 to $28.25 and gave the stock a “neutral” rating in a research report on Thursday, September 25th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Premier in a research report on Wednesday, October 8th. Finally, Leerink Partners increased their target price on Premier from $24.00 to $26.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 19th. Seven investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $26.07.

About Premier

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.