Raymond James Financial Inc. acquired a new position in Premier, Inc. (NASDAQ:PINC - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 13,509 shares of the company's stock, valued at approximately $286,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp grew its stake in Premier by 0.8% in the third quarter. State Street Corp now owns 3,973,582 shares of the company's stock valued at $79,472,000 after purchasing an additional 32,193 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Premier by 4.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,813,408 shares of the company's stock worth $38,444,000 after acquiring an additional 71,624 shares in the last quarter. Empowered Funds LLC grew its stake in shares of Premier by 15.9% during the fourth quarter. Empowered Funds LLC now owns 495,985 shares of the company's stock worth $10,515,000 after acquiring an additional 67,909 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Premier by 109.8% during the fourth quarter. Assenagon Asset Management S.A. now owns 468,524 shares of the company's stock valued at $9,933,000 after acquiring an additional 245,239 shares in the last quarter. Finally, Nordea Investment Management AB boosted its stake in Premier by 21.0% in the 4th quarter. Nordea Investment Management AB now owns 256,492 shares of the company's stock worth $5,465,000 after purchasing an additional 44,480 shares in the last quarter. Institutional investors own 74.41% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on PINC shares. Canaccord Genuity Group dropped their price objective on shares of Premier from $21.00 to $19.00 and set a "hold" rating on the stock in a report on Wednesday, February 5th. Piper Sandler reduced their target price on shares of Premier from $21.00 to $19.00 and set a "neutral" rating for the company in a report on Wednesday, February 5th. Finally, Robert W. Baird decreased their price objective on Premier from $20.00 to $19.00 and set a "neutral" rating for the company in a report on Wednesday, February 5th. Eight equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Premier presently has an average rating of "Hold" and a consensus target price of $20.17.
Check Out Our Latest Stock Analysis on PINC
Insiders Place Their Bets
In related news, General Counsel David L. Klatsky sold 10,000 shares of the business's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $19.53, for a total transaction of $195,300.00. Following the completion of the sale, the general counsel now owns 90,597 shares in the company, valued at $1,769,359.41. The trade was a 9.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.96% of the stock is owned by company insiders.
Premier Stock Performance
Shares of NASDAQ PINC traded down $0.06 during mid-day trading on Wednesday, reaching $19.39. 24,391 shares of the company's stock were exchanged, compared to its average volume of 1,261,490. The firm has a market capitalization of $1.77 billion, a price-to-earnings ratio of -193.97 and a beta of 0.51. Premier, Inc. has a 52-week low of $17.23 and a 52-week high of $23.56. The company's 50-day moving average is $18.65 and its 200-day moving average is $20.41.
Premier Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Saturday, March 15th. Shareholders of record on Saturday, March 1st were given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 4.33%. The ex-dividend date was Friday, February 28th. Premier's dividend payout ratio is currently -840.00%.
Premier Profile
(
Free Report)
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.
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