Brandes Investment Partners LP Has $17.86 Million Position in Premier, Inc. (NASDAQ:PINC)

Brandes Investment Partners LP lifted its position in shares of Premier, Inc. (NASDAQ:PINC - Free Report) by 123.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 842,326 shares of the company's stock after buying an additional 464,710 shares during the period. Brandes Investment Partners LP owned about 0.88% of Premier worth $17,857,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of PINC. Brooklyn Investment Group boosted its position in shares of Premier by 61,750.0% during the fourth quarter. Brooklyn Investment Group now owns 1,237 shares of the company's stock worth $26,000 after buying an additional 1,235 shares during the period. SRS Capital Advisors Inc. boosted its position in shares of Premier by 157.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,284 shares of the company's stock worth $27,000 after buying an additional 786 shares during the period. Keystone Financial Group Inc. acquired a new position in shares of Premier during the fourth quarter worth about $37,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Premier during the third quarter worth about $39,000. Finally, Smartleaf Asset Management LLC boosted its position in shares of Premier by 297.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,906 shares of the company's stock worth $40,000 after buying an additional 1,427 shares during the period. 74.41% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Premier

In other news, Director Helen M. Boudreau sold 2,500 shares of the company's 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 of the company's stock, valued at approximately $442,708.56. This represents a 10.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Leigh Anderson sold 20,000 shares of the company's stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $21.88, for a total value of $437,600.00. Following the completion of the transaction, the chief operating officer now directly owns 111,707 shares in the company, valued at $2,444,149.16. The trade was a 15.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 23,637 shares of company stock worth $511,093 over the last 90 days. Company insiders own 0.96% of the company's stock.

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Premier Trading Up 1.6 %

NASDAQ:PINC traded up $0.29 on Wednesday, hitting $18.83. The company's stock had a trading volume of 1,376,323 shares, compared to its average volume of 1,229,185. The stock has a fifty day moving average of $19.74 and a two-hundred day moving average of $20.55. The firm has a market capitalization of $1.72 billion, a P/E ratio of -188.28 and a beta of 0.39. Premier, Inc. has a one year low of $17.23 and a one year high of $23.56.

Premier Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, March 15th. Shareholders of record on Saturday, March 1st were paid a $0.21 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.84 annualized dividend and a yield of 4.46%. Premier's dividend payout ratio is -840.00%.

Analyst Ratings Changes

PINC has been the topic of several analyst reports. Piper Sandler dropped their target price on Premier from $21.00 to $19.00 and set a "neutral" rating on the stock in a report on Wednesday, February 5th. Robert W. Baird dropped their target price on Premier from $20.00 to $19.00 and set a "neutral" rating on the stock in a report on Wednesday, February 5th. Finally, Canaccord Genuity Group dropped their target price on Premier from $21.00 to $19.00 and set a "hold" rating on the stock in a report on Wednesday, February 5th. Eight investment analysts have rated the stock with a hold rating, According to data from MarketBeat, Premier presently has an average rating of "Hold" and an average target price of $20.17.

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.