Premier, Inc. (NASDAQ:PINC) Holdings Lowered by Sei Investments Co.

Sei Investments Co. reduced its position in shares of Premier, Inc. (NASDAQ:PINC - Free Report) by 56.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 33,715 shares of the company's stock after selling 44,201 shares during the period. Sei Investments Co.'s holdings in Premier were worth $715,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Brooklyn Investment Group raised its position in shares of Premier by 61,750.0% in the fourth quarter. Brooklyn Investment Group now owns 1,237 shares of the company's stock valued at $26,000 after buying an additional 1,235 shares during the last quarter. SRS Capital Advisors Inc. grew its stake in Premier by 157.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,284 shares of the company's stock worth $27,000 after acquiring an additional 786 shares during the period. Keystone Financial Group Inc. acquired a new position in Premier in the 4th quarter valued at $37,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Premier during the 3rd quarter worth $39,000. Finally, Smartleaf Asset Management LLC lifted its stake in shares of Premier by 297.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,906 shares of the company's stock worth $40,000 after purchasing an additional 1,427 shares during the period. Institutional investors and hedge funds own 74.41% of the company's stock.

Insiders Place Their Bets

In other news, General Counsel David L. Klatsky sold 10,000 shares of Premier stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $19.53, for a total transaction of $195,300.00. Following the sale, the general counsel now owns 90,597 shares in the company, valued at $1,769,359.41. This trade represents a 9.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.96% of the stock is owned by company insiders.

Premier Stock Down 0.2 %

Shares of NASDAQ PINC traded down $0.04 during midday trading on Friday, hitting $19.21. The stock had a trading volume of 1,638,266 shares, compared to its average volume of 1,265,616. Premier, Inc. has a 1-year low of $17.23 and a 1-year high of $23.56. The company has a fifty day moving average price of $18.63 and a 200 day moving average price of $20.42. The company has a market capitalization of $1.75 billion, a price-to-earnings ratio of -192.08 and a beta of 0.51.

Premier Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Saturday, March 15th. Shareholders of record on Saturday, March 1st were given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 4.37%. The ex-dividend date was Friday, February 28th. Premier's dividend payout ratio (DPR) is presently -840.00%.

Wall Street Analyst Weigh In

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

Premier 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.