Premier, Inc. (NASDAQ:PINC) Director Helen M. Boudreau Sells 2,500 Shares

Premier, Inc. (NASDAQ:PINC) Director Helen M. Boudreau sold 2,500 shares of Premier stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $21.42, for a total transaction of $53,550.00. Following the completion of the transaction, the director now directly owns 20,668 shares of the company’s stock, valued at $442,708.56. This trade represents a 10.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Premier Stock Down 0.9 %

Shares of NASDAQ:PINC traded down $0.19 on Tuesday, reaching $21.09. The company had a trading volume of 1,315,576 shares, compared to its average volume of 1,106,169. The stock has a 50-day moving average price of $21.94 and a 200 day moving average price of $20.48. Premier, Inc. has a twelve month low of $17.95 and a twelve month high of $23.56. The stock has a market capitalization of $2.03 billion, a P/E ratio of 15.51 and a beta of 0.43.

Premier (NASDAQ:PINC) last released its quarterly earnings results on Tuesday, November 5th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.09. The company had revenue of $248.14 million during the quarter, compared to analysts’ expectations of $232.85 million. Premier had a net margin of 11.41% and a return on equity of 10.74%. The business’s quarterly revenue was down 7.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.50 earnings per share. On average, sell-side analysts predict that Premier, Inc. will post 1.09 earnings per share for the current fiscal year.

Premier Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Sunday, December 15th. Shareholders of record on Sunday, December 1st were given a $0.21 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.84 annualized dividend and a yield of 3.98%. Premier’s dividend payout ratio is 61.76%.

Analyst Ratings Changes

PINC has been the subject of a number of analyst reports. StockNews.com lowered Premier from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. Canaccord Genuity Group upped their target price on Premier from $19.00 to $21.00 and gave the stock a “hold” rating in a research report on Wednesday, November 6th. Barclays lifted their price objective on shares of Premier from $20.00 to $24.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 6th. JPMorgan Chase & Co. cut their target price on Premier from $21.00 to $19.00 and set a “neutral” rating on the stock in a research report on Monday, September 9th. Finally, Robert W. Baird raised their price objective on shares of Premier from $19.00 to $20.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. Ten analysts have rated the stock with a hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $21.36.

Hedge Funds Weigh In On Premier

Several large investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its holdings in Premier by 137.6% in the 3rd quarter. GAMMA Investing LLC now owns 1,347 shares of the company’s stock valued at $27,000 after buying an additional 780 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of Premier in the 3rd quarter worth approximately $39,000. Quarry LP boosted its stake in Premier by 576.7% in the third quarter. Quarry LP now owns 2,179 shares of the company’s stock worth $44,000 after purchasing an additional 1,857 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in Premier during the 2nd quarter worth about $47,000. Finally, Abich Financial Wealth Management LLC increased its holdings in shares of Premier by 37.0% in the second quarter. Abich Financial Wealth Management LLC now owns 2,672 shares of the company’s stock valued at $50,000 after purchasing an additional 721 shares in the last quarter. Institutional investors and hedge funds own 74.41% of the company’s stock.

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.