Victory Capital Management Inc. Has $11.47 Million Stock Holdings in Premier, Inc. (NASDAQ:PINC)

Victory Capital Management Inc. lessened its holdings in shares of Premier, Inc. (NASDAQ:PINC - Free Report) by 22.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 541,033 shares of the company's stock after selling 161,116 shares during the period. Victory Capital Management Inc. owned 0.56% of Premier worth $11,470,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in PINC. Brooklyn Investment Group lifted its position in Premier by 61,750.0% in the fourth quarter. Brooklyn Investment Group now owns 1,237 shares of the company's stock worth $26,000 after purchasing an additional 1,235 shares during the period. SRS Capital Advisors Inc. raised its stake in shares of 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 buying an additional 786 shares in the last quarter. Keystone Financial Group Inc. acquired a new stake in shares of Premier in the fourth quarter valued at $37,000. Smartleaf Asset Management LLC lifted its holdings in shares of Premier by 297.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,906 shares of the company's stock valued at $40,000 after buying an additional 1,427 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new position in Premier during the third quarter valued at about $39,000. 74.41% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Premier

In other Premier 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 transaction of $53,550.00. Following the completion of the sale, the director now owns 20,668 shares of the company's stock, valued at $442,708.56. This represents a 10.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Leigh Anderson sold 20,000 shares of Premier stock in a transaction on Friday, December 20th. The stock was 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 owns 111,707 shares in the company, valued at $2,444,149.16. This trade represents a 15.19 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 23,637 shares of company stock valued at $511,093. 0.96% of the stock is owned by insiders.

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Wall Street Analyst Weigh In

PINC has been the topic of several research reports. Piper Sandler dropped their price target on shares of Premier from $21.00 to $19.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 5th. Robert W. Baird dropped their target price on shares of 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 reduced their price objective on Premier from $21.00 to $19.00 and set a "hold" rating for the company in a research note on Wednesday, February 5th. Eight equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $20.17.

Premier Price Performance

Premier stock traded up $0.15 during mid-day trading on Monday, hitting $18.31. The company's stock had a trading volume of 960,164 shares, compared to its average volume of 1,232,674. The company has a market cap of $1.67 billion, a PE ratio of -183.08 and a beta of 0.39. Premier, Inc. has a 52-week low of $17.23 and a 52-week high of $23.56. The firm's 50 day moving average is $19.85 and its 200 day moving average is $20.58.

Premier Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Saturday, March 15th. Stockholders of record on Saturday, March 1st were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 4.59%. The ex-dividend date was Friday, February 28th. Premier's dividend payout ratio is currently -840.00%.

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.