Premier, Inc. (NASDAQ:PINC) – William Blair cut their Q4 2017 earnings per share (EPS) estimates for Premier in a report issued on Tuesday. William Blair analyst R. Daniels now expects that the firm will post earnings per share of $0.49 for the quarter, down from their prior estimate of $0.50. William Blair has a “Outperform” rating on the stock.
A number of other research firms also recently issued reports on PINC. Canaccord Genuity reiterated a “buy” rating and set a $40.00 target price on shares of Premier in a research report on Friday, January 13th. Jefferies Group LLC set a $40.00 price target on shares of Premier and gave the company a “buy” rating in a research note on Monday, January 16th. Zacks Investment Research upgraded shares of Premier from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a research note on Friday, October 21st. Oppenheimer Holdings, Inc. set a $40.00 price target on shares of Premier and gave the company a “buy” rating in a research note on Tuesday. Finally, J P Morgan Chase & Co restated an “overweight” rating on shares of Premier in a research note on Friday, October 28th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $37.64.
Shares of Premier (NASDAQ:PINC) opened at 31.33 on Friday. The stock’s 50 day moving average is $31.51 and its 200-day moving average is $31.43. The firm has a market cap of $1.59 billion, a PE ratio of 15.11 and a beta of 0.50. Premier has a 1-year low of $28.27 and a 1-year high of $35.11.
Premier (NASDAQ:PINC) last posted its earnings results on Monday, February 6th. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.01. The company earned $358.50 million during the quarter, compared to analysts’ expectations of $372.66 million. Premier had a net margin of 63.27% and a negative return on equity of 11.92%. Premier’s quarterly revenue was up 22.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.42 EPS.
A number of institutional investors have recently bought and sold shares of PINC. FMR LLC raised its position 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 last quarter. River Road Asset Management LLC raised its position in Premier by 183.2% in the third quarter. River Road Asset Management LLC now owns 810,491 shares of the company’s stock valued at $26,211,000 after buying an additional 524,271 shares during the last quarter. Rice Hall James & Associates LLC bought a new position in Premier during the third quarter valued at $10,407,000. Mairs & Power INC bought a new position in Premier during the third quarter valued at $6,662,000. Finally, Douglas Lane & Associates LLC raised its position in Premier by 32.4% in the third quarter. Douglas Lane & Associates LLC now owns 740,829 shares of the company’s stock valued at $23,958,000 after buying an additional 181,241 shares during the last quarter. Institutional investors own 94.97% of the company’s stock.
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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