33,895 Shares in Premier, Inc. (NASDAQ:PINC) Purchased by SG Americas Securities LLC

SG Americas Securities LLC acquired a new stake in Premier, Inc. (NASDAQ:PINC - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 33,895 shares of the company's stock, valued at approximately $678,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. increased its holdings in Premier by 139.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,121,702 shares of the company's stock valued at $47,441,000 after acquiring an additional 1,235,017 shares in the last quarter. Wellington Management Group LLP lifted its stake in Premier by 8.5% in the 4th quarter. Wellington Management Group LLP now owns 220,810 shares of the company's stock valued at $4,937,000 after buying an additional 17,212 shares in the last quarter. Vanguard Group Inc. lifted its stake in Premier by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 14,213,088 shares of the company's stock valued at $317,805,000 after buying an additional 199,702 shares in the last quarter. Carolina Wealth Advisors LLC grew its holdings in Premier by 79.5% during the 1st quarter. Carolina Wealth Advisors LLC now owns 264,696 shares of the company's stock valued at $5,850,000 after buying an additional 117,242 shares during the last quarter. Finally, Alaska Permanent Fund Corp lifted its position in shares of Premier by 17.8% in the first quarter. Alaska Permanent Fund Corp now owns 110,674 shares of the company's stock valued at $2,446,000 after acquiring an additional 16,705 shares in the last quarter. Hedge funds and other institutional investors own 74.41% of the company's stock.

Insider Buying and Selling at Premier

In other Premier news, COO Leigh Anderson sold 20,000 shares of the stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $19.62, for a total transaction of $392,400.00. Following the transaction, the chief operating officer now directly owns 131,707 shares in the company, valued at $2,584,091.34. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Premier news, CEO Michael J. Alkire sold 2,625 shares of the stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $20.00, for a total value of $52,500.00. Following the sale, the chief executive officer now directly owns 580,073 shares of the company's stock, valued at $11,601,460. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Leigh Anderson sold 20,000 shares of Premier stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $19.62, for a total transaction of $392,400.00. Following the completion of the sale, the chief operating officer now owns 131,707 shares in the company, valued at approximately $2,584,091.34. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 186,312 shares of company stock valued at $3,779,250 in the last three months. Corporate insiders own 0.85% of the company's stock.

Premier Price Performance

PINC stock traded up $0.02 during trading on Monday, reaching $19.37. 461,231 shares of the stock traded hands, compared to its average volume of 1,406,082. The firm has a market capitalization of $2.03 billion, a PE ratio of 30.27, a P/E/G ratio of 9.08 and a beta of 0.41. The business's 50 day moving average price is $19.89 and its 200-day moving average price is $19.79. Premier, Inc. has a 52-week low of $17.95 and a 52-week high of $23.01.

Premier (NASDAQ:PINC - Get Free Report) last posted its earnings results on Tuesday, August 20th. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.44 by $0.25. The business had revenue of $350.30 million during the quarter, compared to analyst estimates of $308.88 million. Premier had a return on equity of 11.69% and a net margin of 8.88%. The company's revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.70 earnings per share. On average, equities research analysts predict that Premier, Inc. will post 1.04 earnings per share for the current year.

Premier Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Sunday, September 15th. Stockholders of record on Sunday, September 1st were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.34%. The ex-dividend date was Friday, August 30th. Premier's payout ratio is 131.25%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on PINC. Canaccord Genuity Group dropped their price objective on Premier from $20.00 to $19.00 and set a "hold" rating for the company in a research report on Wednesday, October 2nd. Benchmark downgraded shares of Premier from a "buy" rating to a "hold" rating in a research note on Monday, August 26th. JPMorgan Chase & Co. decreased their target price on shares of Premier from $21.00 to $19.00 and set a "neutral" rating on the stock in a research report on Monday, September 9th. Robert W. Baird cut 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. Finally, StockNews.com downgraded Premier from a "buy" rating to a "hold" rating in a research report on Thursday, September 12th. Ten research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Premier presently has a consensus rating of "Hold" and a consensus target price of $21.81.

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.