Premier Inc (NASDAQ:PINC) VP Kelli L. Price sold 10,000 shares of the business’s stock in a transaction dated Wednesday, March 15th. The stock was sold at an average price of $30.80, for a total transaction of $308,000.00. Following the sale, the vice president now directly owns 13,191 shares of the company’s stock, valued at approximately $406,282.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Premier Inc (NASDAQ:PINC) opened at 31.10 on Monday. The stock has a market cap of $1.58 billion, a PE ratio of 15.00 and a beta of 0.50. Premier Inc has a 52 week low of $28.27 and a 52 week high of $35.11. The company’s 50-day moving average is $31.34 and its 200 day moving average is $31.23.
Premier (NASDAQ:PINC) last released its earnings results on Monday, February 6th. The company reported $0.46 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.01. Premier had a net margin of 63.27% and a negative return on equity of 11.92%. The company earned $358.50 million during the quarter, compared to analysts’ expectations of $372.66 million. During the same quarter last year, the business earned $0.42 EPS. The business’s revenue was up 22.9% on a year-over-year basis. Analysts forecast that Premier Inc will post $1.88 earnings per share for the current fiscal year.
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Several hedge funds have recently added to or reduced their stakes in PINC. FMR LLC boosted its stake in Premier by 71.9% in the fourth quarter. FMR LLC now owns 7,512,885 shares of the company’s stock valued at $228,091,000 after buying an additional 3,142,590 shares during the period. TimesSquare Capital Management LLC boosted its stake in Premier by 3.5% in the third quarter. TimesSquare Capital Management LLC now owns 2,646,300 shares of the company’s stock valued at $85,581,000 after buying an additional 89,875 shares during the period. Vaughan Nelson Investment Management L.P. boosted its stake in Premier by 9.7% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,730,690 shares of the company’s stock valued at $55,970,000 after buying an additional 153,499 shares during the period. Janus Capital Management LLC boosted its stake in Premier by 0.7% in the fourth quarter. Janus Capital Management LLC now owns 1,237,087 shares of the company’s stock valued at $37,558,000 after buying an additional 8,572 shares during the period. Finally, TIAA CREF Investment Management LLC boosted its stake in Premier by 2.3% in the third quarter. TIAA CREF Investment Management LLC now owns 1,225,929 shares of the company’s stock valued at $39,647,000 after buying an additional 26,989 shares during the period. Institutional investors own 96.70% of the company’s stock.
A number of analysts have recently commented on the stock. Jefferies Group LLC set a $40.00 target price on shares of Premier and gave the stock a “buy” rating in a research note on Monday, January 16th. Canaccord Genuity reissued a “buy” rating and set a $40.00 target price on shares of Premier in a research note on Friday, January 13th. Oppenheimer Holdings Inc. set a $40.00 target price on shares of Premier and gave the stock a “buy” rating in a research note on Tuesday, February 7th. William Blair reaffirmed an “outperform” rating on shares of Premier in a research note on Tuesday, February 7th. Finally, Evercore ISI cut shares of Premier from a “hold” rating to an “underperform” rating in a research note on Friday, March 3rd. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and twelve have assigned a buy rating to the company. Premier has a consensus rating of “Buy” and a consensus target price of $37.64.
Premier, Inc is a healthcare improvement company. The Company is uniting an alliance of approximately 3,750 United States hospitals and more than 130,000 other provider organizations to transform healthcare. The Company operates healthcare group purchasing organizations and also provides integrated data and analytics, supply chain solutions, advisory services, performance improvement collaborative and other services.
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