Premier, Inc. (NASDAQ:PINC) Shares Acquired by Nordea Investment Management AB

Nordea Investment Management AB increased its position in Premier, Inc. (NASDAQ:PINC - Free Report) by 21.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 256,492 shares of the company's stock after buying an additional 44,480 shares during the period. Nordea Investment Management AB owned about 0.27% of Premier worth $5,465,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Y Intercept Hong Kong Ltd increased its stake in shares of Premier by 2.4% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 20,409 shares of the company's stock valued at $408,000 after acquiring an additional 478 shares during the last quarter. Arizona State Retirement System increased its position in Premier by 2.0% during the second quarter. Arizona State Retirement System now owns 33,542 shares of the company's stock worth $626,000 after purchasing an additional 653 shares during the last quarter. Abich Financial Wealth Management LLC raised its stake in Premier by 37.0% during the second quarter. Abich Financial Wealth Management LLC now owns 2,672 shares of the company's stock worth $50,000 after purchasing an additional 721 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Premier by 137.6% in the 3rd quarter. GAMMA Investing LLC now owns 1,347 shares of the company's stock valued at $27,000 after purchasing an additional 780 shares during the last quarter. Finally, Impact Partnership Wealth LLC boosted its holdings in shares of Premier by 7.1% in the 3rd quarter. Impact Partnership Wealth LLC now owns 11,945 shares of the company's stock valued at $239,000 after purchasing an additional 795 shares during the last quarter. Hedge funds and other institutional investors own 74.41% of the company's stock.

Premier Price Performance

Premier stock traded down $0.29 during midday trading on Friday, hitting $20.87. 2,966,171 shares of the company were exchanged, compared to its average volume of 1,617,628. The company has a market cap of $2.01 billion, a PE ratio of 15.35 and a beta of 0.43. Premier, Inc. has a fifty-two week low of $17.95 and a fifty-two week high of $23.56. The company's fifty day moving average price is $22.00 and its 200-day moving average price is $20.54.

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

Premier Announces Dividend

The firm also recently announced 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. The ex-dividend date was Friday, November 29th. This represents a $0.84 annualized dividend and a dividend yield of 4.02%. Premier's dividend payout ratio is presently 61.76%.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Canaccord Genuity Group increased their target price on Premier from $19.00 to $21.00 and gave the stock a "hold" rating in a research report on Wednesday, November 6th. StockNews.com downgraded Premier from a "buy" rating to a "hold" rating in a report on Tuesday, November 5th. Barclays boosted their target price on Premier from $20.00 to $24.00 and gave the stock an "equal weight" rating in a report on Wednesday, November 6th. Finally, Robert W. Baird raised their price target on shares of Premier from $19.00 to $20.00 and gave the company a "neutral" rating in a report on Wednesday, November 6th. Ten equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $21.36.

Insider Transactions at Premier

In other Premier news, COO Leigh Anderson sold 20,000 shares of the firm's stock in a transaction on Friday, December 20th. The shares were sold at an average price of $21.88, for a total transaction of $437,600.00. Following the completion of the transaction, the chief operating officer now directly owns 111,707 shares of the company's stock, valued at $2,444,149.16. This trade represents a 15.19 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael J. Alkire sold 17,900 shares of the company's stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $20.00, for a total transaction of $358,000.00. Following the completion of the sale, the chief executive officer now owns 540,243 shares in the company, valued at approximately $10,804,860. This trade represents a 3.21 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 77,325 shares of company stock valued at $1,678,242. 0.96% of the stock is currently owned by 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.