Premier, Inc. (NASDAQ:PINC) Director John T. Bigalke Sells 1,136 Shares

Premier, Inc. (NASDAQ:PINC - Get Free Report) Director John T. Bigalke sold 1,136 shares of the company'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 transaction, the director now owns 23,846 shares of the company's stock, valued at $529,142.74. This trade represents a 4.55 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Premier Stock Performance

PINC traded down $0.36 on Friday, hitting $21.61. 549,473 shares of the company were exchanged, compared to its average volume of 1,307,958. The stock's fifty day moving average is $21.09 and its 200-day moving average is $20.04. Premier, Inc. has a 12 month low of $17.95 and a 12 month high of $23.56. The company has a market cap of $2.08 billion, a PE ratio of 16.15, a PEG ratio of 9.98 and a beta of 0.42.

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

Premier Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders of record on Sunday, December 1st will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.89%. The ex-dividend date is Friday, November 29th. Premier's dividend payout ratio (DPR) is presently 61.77%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Y Intercept Hong Kong Ltd grew its holdings in Premier by 2.4% during the third quarter. Y Intercept Hong Kong Ltd now owns 20,409 shares of the company's stock worth $408,000 after purchasing an additional 478 shares during the period. Arizona State Retirement System boosted its stake in shares of Premier by 2.0% during the 2nd quarter. Arizona State Retirement System now owns 33,542 shares of the company's stock worth $626,000 after acquiring an additional 653 shares during the period. Abich Financial Wealth Management LLC boosted its stake in shares of Premier by 37.0% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 2,672 shares of the company's stock worth $50,000 after acquiring an additional 721 shares during the period. Comerica Bank increased its holdings in shares of Premier by 0.9% during the 1st quarter. Comerica Bank now owns 77,422 shares of the company's stock worth $1,711,000 after acquiring an additional 728 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in 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 acquiring an additional 780 shares during the period. 74.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on PINC shares. Benchmark cut shares of Premier from a "buy" rating to a "hold" rating in a research report on Monday, August 26th. Robert W. Baird boosted their price target on Premier from $19.00 to $20.00 and gave the company a "neutral" rating in a report on Wednesday, November 6th. Canaccord Genuity Group increased their price objective on Premier from $19.00 to $21.00 and gave the stock a "hold" rating in a report on Wednesday, November 6th. StockNews.com cut Premier from a "buy" rating to a "hold" rating in a research note on Tuesday, November 5th. Finally, Barclays upped their price target on Premier from $20.00 to $24.00 and gave the stock an "equal weight" rating in a research report on Wednesday, November 6th. Ten research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company 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.

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