Premier, Inc. (NASDAQ:PINC) Director Sells $53,550.00 in Stock

Premier, Inc. (NASDAQ:PINC - Get Free Report) Director Helen M. Boudreau sold 2,500 shares of Premier stock in a transaction that occurred on Monday, January 6th. The stock was 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 in the company, valued at approximately $442,708.56. The trade was a 10.79 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Premier Trading Down 0.9 %

Shares of Premier stock traded down $0.19 during trading on Tuesday, reaching $21.09. The company's stock had a trading volume of 1,315,576 shares, compared to its average volume of 1,106,169. The company has a 50-day moving average price of $21.96 and a two-hundred day moving average price of $20.50. Premier, Inc. has a fifty-two week low of $17.95 and a fifty-two week high of $23.56. The firm has a market cap of $2.03 billion, a PE ratio of 15.51 and a beta of 0.43.

Premier (NASDAQ:PINC - Get Free Report) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $0.34 EPS for the quarter, beating analysts' consensus estimates of $0.25 by $0.09. Premier had a net margin of 11.41% and a return on equity of 10.74%. The company had revenue of $248.14 million for the quarter, compared to analyst estimates of $232.85 million. During the same period in the previous year, the business posted $0.50 earnings per share. Premier's quarterly revenue was down 7.8% on a year-over-year basis. On average, analysts predict that Premier, Inc. will post 1.09 earnings per share for the current fiscal year.

Premier Dividend Announcement

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

Institutional Investors Weigh In On Premier

Several hedge funds have recently modified their holdings of PINC. Nordea Investment Management AB raised its position in Premier by 21.0% during the 4th quarter. Nordea Investment Management AB now owns 256,492 shares of the company's stock worth $5,465,000 after buying an additional 44,480 shares during the last quarter. Versant Capital Management Inc boosted its holdings in shares of Premier by 96.8% in the fourth quarter. Versant Capital Management Inc now owns 3,906 shares of the company's stock valued at $83,000 after acquiring an additional 1,921 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Premier during the third quarter worth about $39,000. M&T Bank Corp purchased a new position in Premier during the third quarter worth about $201,000. Finally, Barclays PLC lifted its position in Premier by 32.2% in the third quarter. Barclays PLC now owns 154,128 shares of the company's stock valued at $3,081,000 after purchasing an additional 37,551 shares during the period. 74.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently issued reports on PINC. StockNews.com cut shares of Premier from a "buy" rating to a "hold" rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. cut their price target on shares of Premier from $21.00 to $19.00 and set a "neutral" rating for the company in a report on Monday, September 9th. Canaccord Genuity Group upped their price objective on Premier from $19.00 to $21.00 and gave the company a "hold" rating in a report on Wednesday, November 6th. Robert W. Baird increased their price objective on Premier from $19.00 to $20.00 and gave the stock a "neutral" rating in a research report on Wednesday, November 6th. Finally, Barclays lifted their target price on Premier from $20.00 to $24.00 and gave the company an "equal weight" rating in a research report on Wednesday, November 6th. Ten equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, Premier has a consensus rating of "Hold" and an average target price of $21.36.

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.