XTX Topco Ltd Acquires 18,902 Shares of Premier, Inc. (NASDAQ:PINC)

XTX Topco Ltd grew its holdings in Premier, Inc. (NASDAQ:PINC - Free Report) by 61.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 49,697 shares of the company's stock after purchasing an additional 18,902 shares during the period. XTX Topco Ltd owned approximately 0.05% of Premier worth $1,054,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. FMR LLC grew its position in Premier by 91.8% during the 3rd quarter. FMR LLC now owns 23,609 shares of the company's stock worth $472,000 after acquiring an additional 11,300 shares during the last quarter. HighTower Advisors LLC lifted its holdings in shares of Premier by 27.5% during the third quarter. HighTower Advisors LLC now owns 32,430 shares of the company's stock worth $660,000 after purchasing an additional 6,990 shares during the period. State Street Corp grew its stake in shares of Premier by 0.8% in the third quarter. State Street Corp now owns 3,973,582 shares of the company's stock worth $79,472,000 after purchasing an additional 32,193 shares during the last quarter. Jane Street Group LLC raised its position in Premier by 70.2% during the 3rd quarter. Jane Street Group LLC now owns 143,803 shares of the company's stock worth $2,876,000 after purchasing an additional 59,295 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd lifted its holdings in Premier by 2.4% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 20,409 shares of the company's stock worth $408,000 after buying an additional 478 shares during the period. 74.41% of the stock is owned by institutional investors and hedge funds.

Premier Stock Performance

Shares of Premier stock traded down $0.08 on Monday, hitting $19.25. The company had a trading volume of 110,799 shares, compared to its average volume of 1,259,937. The stock has a 50 day moving average of $18.69 and a 200-day moving average of $20.41. Premier, Inc. has a 1 year low of $17.23 and a 1 year high of $23.56. The stock has a market capitalization of $1.76 billion, a price-to-earnings ratio of -192.51 and a beta of 0.51.

Premier Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, March 15th. Investors of record on Saturday, March 1st were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.84 dividend on an annualized basis and a yield of 4.36%. Premier's dividend payout ratio (DPR) is currently -840.00%.

Insider Activity at Premier

In related news, General Counsel David L. Klatsky sold 10,000 shares of the business's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $19.53, for a total transaction of $195,300.00. Following the sale, the general counsel now directly owns 90,597 shares in the company, valued at approximately $1,769,359.41. The trade was a 9.94 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.96% of the stock is owned by company insiders.

Analysts Set New Price Targets

PINC has been the topic of several analyst reports. Canaccord Genuity Group reduced 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. Piper Sandler dropped their target price 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. Finally, Robert W. Baird dropped their price objective 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. Eight investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Premier has an average rating of "Hold" and a consensus price target 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.