FY2028 EPS Estimates for Premier Boosted by Leerink Partnrs

Premier, Inc. (NASDAQ:PINC - Free Report) - Stock analysts at Leerink Partnrs upped their FY2028 earnings per share (EPS) estimates for shares of Premier in a report released on Tuesday, February 4th. Leerink Partnrs analyst M. Cherny now anticipates that the company will post earnings of $1.51 per share for the year, up from their previous estimate of $1.48. The consensus estimate for Premier's current full-year earnings is $1.12 per share.

A number of other equities analysts have also recently commented on the stock. Robert W. Baird dropped their price target on shares of Premier from $20.00 to $19.00 and set a "neutral" rating for the company in a research note on Wednesday, February 5th. StockNews.com lowered Premier from a "buy" rating to a "hold" rating in a research report on Tuesday, November 5th. Piper Sandler reduced their price target on Premier from $21.00 to $19.00 and set a "neutral" rating on the stock in a report on Wednesday, February 5th. Canaccord Genuity Group dropped their price objective on Premier from $21.00 to $19.00 and set a "hold" rating for the company in a report on Wednesday, February 5th. Finally, Barclays increased their target price on Premier from $20.00 to $24.00 and gave the stock an "equal weight" rating in a research note on Wednesday, November 6th. Ten investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $20.50.

Premier Stock Performance

NASDAQ PINC traded down $0.02 on Friday, hitting $18.55. 580,508 shares of the stock were exchanged, compared to its average volume of 1,339,051. Premier has a 52-week low of $17.95 and a 52-week high of $23.56. The firm has a market capitalization of $1.78 billion, a P/E ratio of -185.48 and a beta of 0.43. The stock has a fifty day moving average price of $21.51 and a two-hundred day moving average price of $20.92.

Premier Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 15th. Investors of record on Saturday, March 1st will be issued a $0.21 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.84 annualized dividend and a dividend yield of 4.53%. Premier's payout ratio is currently -839.92%.

Insider Activity at Premier

In other Premier news, COO Leigh Anderson sold 20,000 shares of the business's stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $21.88, for a total value of $437,600.00. Following the completion of the transaction, the chief operating officer now directly owns 111,707 shares in the company, valued at approximately $2,444,149.16. The trade was a 15.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director John T. Bigalke sold 1,136 shares of the firm's stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $22.19, for a total transaction of $25,207.84. Following the completion of the sale, the director now owns 23,846 shares of the company's stock, valued at approximately $529,142.74. This trade represents a 4.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 59,425 shares of company stock worth $1,320,242 over the last three months. 0.96% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Nordea Investment Management AB grew its stake in shares of Premier by 21.0% during the fourth quarter. Nordea Investment Management AB now owns 256,492 shares of the company's stock worth $5,465,000 after acquiring an additional 44,480 shares during the last quarter. Empowered Funds LLC increased its stake in Premier by 27.7% during the 3rd quarter. Empowered Funds LLC now owns 428,076 shares of the company's stock valued at $8,562,000 after purchasing an additional 92,766 shares in the last quarter. Jane Street Group LLC raised its holdings in shares of Premier by 70.2% in the third quarter. Jane Street Group LLC now owns 143,803 shares of the company's stock worth $2,876,000 after buying an additional 59,295 shares during the last quarter. KBC Group NV lifted its stake in shares of Premier by 38.1% during the fourth quarter. KBC Group NV now owns 5,589 shares of the company's stock worth $118,000 after buying an additional 1,542 shares during the period. Finally, Kera Capital Partners Inc. purchased a new stake in shares of Premier during the fourth quarter valued at $248,000. 74.41% of the stock is owned by institutional investors and hedge funds.

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.