Premier, Inc. (NASDAQ:PINC) Shares Bought by Advisors Asset Management Inc.

Advisors Asset Management Inc. increased its holdings in shares of Premier, Inc. (NASDAQ:PINC - Free Report) by 554.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 98,945 shares of the company's stock after purchasing an additional 83,831 shares during the quarter. Advisors Asset Management Inc. owned 0.10% of Premier worth $2,098,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the business. Brooklyn Investment Group increased its position in shares of Premier by 61,750.0% in the fourth quarter. Brooklyn Investment Group now owns 1,237 shares of the company's stock worth $26,000 after acquiring an additional 1,235 shares in the last quarter. SRS Capital Advisors Inc. boosted its position in Premier by 157.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,284 shares of the company's stock worth $27,000 after purchasing an additional 786 shares during the period. Keystone Financial Group Inc. purchased a new position in Premier in the fourth quarter valued at about $37,000. Smartleaf Asset Management LLC lifted its stake in shares of Premier by 297.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,906 shares of the company's stock worth $40,000 after purchasing an additional 1,427 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Premier during the third quarter worth about $39,000. Hedge funds and other institutional investors own 74.41% of the company's stock.

Premier Price Performance

NASDAQ:PINC traded up $0.07 during mid-day trading on Wednesday, reaching $19.02. The stock had a trading volume of 1,053,741 shares, compared to its average volume of 1,245,690. The company has a market capitalization of $1.74 billion, a price-to-earnings ratio of -190.18 and a beta of 0.39. Premier, Inc. has a 1-year low of $17.23 and a 1-year high of $23.56. The stock's 50 day simple moving average is $19.51 and its two-hundred day simple moving average is $20.49.

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Premier Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Saturday, March 15th. Investors of record on Saturday, March 1st were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 4.42%. The ex-dividend date was Friday, February 28th. Premier's dividend payout ratio is currently -840.00%.

Analyst Upgrades and Downgrades

PINC has been the topic of several analyst reports. Robert W. Baird dropped their target price on Premier from $20.00 to $19.00 and set a "neutral" rating on the stock in a report on Wednesday, February 5th. Canaccord Genuity Group reduced their target price on shares of Premier from $21.00 to $19.00 and set a "hold" rating on the stock in a research report on Wednesday, February 5th. Finally, Piper Sandler decreased their target price on shares of Premier from $21.00 to $19.00 and set a "neutral" rating for the company in a research note on Wednesday, February 5th. Eight equities research analysts have rated the stock with a hold rating, According to MarketBeat, Premier has a consensus rating of "Hold" and a consensus target price of $20.17.

Insider Buying and Selling

In other Premier news, Director Helen M. Boudreau sold 2,500 shares of the firm's stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $21.42, for a total value of $53,550.00. Following the transaction, the director now 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 sale was disclosed in a legal filing with the SEC, which is available at this link. 0.96% of the stock is currently owned by company insiders.

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.