Premier, Inc. (NASDAQ:PINC) Stock Position Raised by American Century Companies Inc.

American Century Companies Inc. increased its holdings in Premier, Inc. (NASDAQ:PINC - Free Report) by 4.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,598,731 shares of the company's stock after purchasing an additional 104,452 shares during the period. American Century Companies Inc. owned 2.70% of Premier worth $55,093,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in PINC. Nordea Investment Management AB grew its holdings in Premier by 21.0% in the 4th quarter. Nordea Investment Management AB now owns 256,492 shares of the company's stock valued at $5,465,000 after buying an additional 44,480 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Premier in the fourth quarter worth approximately $386,000. Steward Partners Investment Advisory LLC purchased a new stake in Premier in the fourth quarter valued at approximately $554,000. KBC Group NV boosted its holdings in shares of Premier by 38.1% in the 4th quarter. KBC Group NV now owns 5,589 shares of the company's stock valued at $118,000 after purchasing an additional 1,542 shares during the last quarter. Finally, Jane Street Group LLC grew its position in Premier by 70.2% during the third quarter. Jane Street Group LLC now owns 143,803 shares of the company's stock valued at $2,876,000 after acquiring an additional 59,295 shares during the period. 74.41% of the stock is currently owned by institutional investors and hedge funds.

Premier Price Performance

Shares of NASDAQ:PINC traded down $0.05 during trading on Friday, reaching $19.14. 750,160 shares of the company's stock traded hands, compared to its average volume of 1,255,961. The company has a 50 day moving average of $19.33 and a 200-day moving average of $20.48. Premier, Inc. has a 12 month low of $17.23 and a 12 month high of $23.56. The stock has a market capitalization of $1.75 billion, a P/E ratio of -191.38 and a beta of 0.39.

Remove Ads

Premier Dividend Announcement

The business also recently disclosed 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. The ex-dividend date was Friday, February 28th. This represents a $0.84 dividend on an annualized basis and a yield of 4.39%. Premier's dividend payout ratio is currently -840.00%.

Analysts Set New Price Targets

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

Insider Buying and Selling

In related news, 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 value of $53,550.00. Following the sale, the director now directly owns 20,668 shares in the company, valued at $442,708.56. This trade represents a 10.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.96% of the stock is owned by company insiders.

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.