Helen M. Boudreau Sells 2,500 Shares of Premier, Inc. (NASDAQ:PINC) Stock

Premier, Inc. (NASDAQ:PINC) Director Helen M. Boudreau sold 2,500 shares of the stock in a transaction dated 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 directly owns 20,668 shares in the company, valued at approximately $442,708.56. The trade was a 10.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Premier Trading Up 0.3 %

Shares of Premier stock opened at $21.16 on Thursday. The firm has a market capitalization of $2.03 billion, a PE ratio of 15.56 and a beta of 0.43. Premier, Inc. has a 12 month low of $17.95 and a 12 month high of $23.56. The business’s 50-day moving average price is $21.97 and its 200-day moving average price is $20.50.

Premier (NASDAQ:PINC) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.09. The business had revenue of $248.14 million for the quarter, compared to analysts’ expectations of $232.85 million. Premier had a net margin of 11.41% and a return on equity of 10.74%. The business’s quarterly revenue was down 7.8% on a year-over-year basis. During the same period last year, the business earned $0.50 earnings per share. As a group, analysts predict that Premier, Inc. will post 1.09 earnings per share for the current fiscal year.

Premier Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Sunday, December 15th. Shareholders of record on Sunday, December 1st were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 3.97%. The ex-dividend date was Friday, November 29th. Premier’s dividend payout ratio is presently 61.76%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of PINC. Empowered Funds LLC lifted its stake in shares of Premier by 27.7% in the 3rd quarter. Empowered Funds LLC now owns 428,076 shares of the company’s stock valued at $8,562,000 after acquiring an additional 92,766 shares during the last quarter. American Century Companies Inc. lifted its position in Premier by 60.4% in the second quarter. American Century Companies Inc. now owns 2,051,578 shares of the company’s stock valued at $38,303,000 after purchasing an additional 772,392 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of Premier by 6.6% during the second quarter. AQR Capital Management LLC now owns 1,590,926 shares of the company’s stock valued at $29,241,000 after purchasing an additional 98,544 shares during the period. Jane Street Group LLC grew its holdings in shares of Premier by 70.2% in the third 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, State Street Corp increased 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 buying an additional 32,193 shares during the period. 74.41% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on PINC shares. Robert W. Baird increased their target price on shares of Premier from $19.00 to $20.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. Canaccord Genuity Group lifted their price objective on Premier from $19.00 to $21.00 and gave the company a “hold” rating in a research note on Wednesday, November 6th. Barclays upped their target price on Premier from $20.00 to $24.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 6th. Finally, StockNews.com cut Premier from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. Ten equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Premier currently has an average rating of “Hold” and an average price target of $21.36.

Premier Company 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.