Insider Selling: Premier, Inc. (NASDAQ:PINC) Insider Sells 4,390 Shares of Stock

Premier, Inc. (NASDAQ:PINC - Get Free Report) insider Andy Brailo sold 4,390 shares of the business's stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $20.51, for a total transaction of $90,038.90. Following the transaction, the insider now owns 104,410 shares of the company's stock, valued at approximately $2,141,449.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Andy Brailo also recently made the following trade(s):

• On Monday, September 9th, Andy Brailo sold 17,000 shares of Premier stock. The stock was sold at an average price of $20.41, for a total value of $346,970.00.

Premier Price Performance

NASDAQ:PINC traded up $0.16 during mid-day trading on Tuesday, hitting $19.86. The company's stock had a trading volume of 1,121,992 shares, compared to its average volume of 1,468,643. The business's fifty day moving average is $19.84 and its two-hundred day moving average is $20.06. The stock has a market cap of $1.99 billion, a price-to-earnings ratio of 31.03, a PEG ratio of 9.82 and a beta of 0.40. Premier, Inc. has a 1 year low of $17.95 and a 1 year high of $23.24.

Premier (NASDAQ:PINC - Get Free Report) last issued its earnings results on Tuesday, August 20th. The company reported $0.69 EPS for the quarter, topping analysts' consensus estimates of $0.44 by $0.25. Premier had a return on equity of 11.69% and a net margin of 8.88%. The firm had revenue of $350.30 million for the quarter, compared to the consensus estimate of $308.88 million. During the same quarter in the prior year, the business earned $0.70 earnings per share. The company's revenue was up 2.9% compared to the same quarter last year. Analysts anticipate that Premier, Inc. will post 1.02 EPS for the current fiscal year.

Premier Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, September 15th. Investors of record on Sunday, September 1st will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 4.23%. The ex-dividend date is Friday, August 30th. Premier's dividend payout ratio is currently 131.25%.

Institutional Trading of Premier

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in shares of Premier during the 1st quarter valued at about $27,000. Versant Capital Management Inc grew its holdings in Premier by 265.2% in the second quarter. Versant Capital Management Inc now owns 2,140 shares of the company's stock valued at $40,000 after purchasing an additional 1,554 shares during the period. Abich Financial Wealth Management LLC increased its position in shares of Premier by 50.0% in the first quarter. Abich Financial Wealth Management LLC now owns 1,951 shares of the company's stock valued at $43,000 after buying an additional 650 shares in the last quarter. Parallel Advisors LLC raised its stake in shares of Premier by 141.2% during the 4th quarter. Parallel Advisors LLC now owns 1,980 shares of the company's stock worth $44,000 after buying an additional 1,159 shares during the period. Finally, Meeder Asset Management Inc. purchased a new position in shares of Premier during the 2nd quarter valued at approximately $47,000. Institutional investors and hedge funds own 74.41% of the company's stock.

Wall Street Analysts Forecast Growth

PINC has been the subject of several recent analyst reports. Robert W. Baird lowered their price target on Premier from $22.00 to $19.00 and set a "neutral" rating for the company in a report on Wednesday, August 21st. Canaccord Genuity Group dropped their target price on shares of Premier from $21.00 to $20.00 and set a "hold" rating on the stock in a research report on Wednesday, August 21st. Benchmark cut shares of Premier from a "buy" rating to a "hold" rating in a report on Monday, August 26th. JPMorgan Chase & Co. dropped their price objective on shares of Premier from $21.00 to $19.00 and set a "neutral" rating on the stock in a report on Monday. Finally, StockNews.com lowered Premier from a "buy" rating to a "hold" rating in a research note on Monday, September 2nd. Ten investment analysts have rated the stock with a hold rating, According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $21.94.

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.