Premier, Inc. (NASDAQ:PINC) SVP Leigh Anderson sold 1,099 shares of the company’s stock in a transaction dated Monday, June 19th. The shares were sold at an average price of $35.29, for a total transaction of $38,783.71. Following the transaction, the senior vice president now owns 7,655 shares in the company, valued at $270,144.95. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Shares of Premier, Inc. (NASDAQ PINC) traded up 1.16% during mid-day trading on Monday, hitting $35.76. 212,631 shares of the company were exchanged. The company has a market capitalization of $1.85 billion, a price-to-earnings ratio of 16.86 and a beta of 0.48. The firm has a 50 day moving average of $34.70 and a 200 day moving average of $32.35. Premier, Inc. has a 12-month low of $28.27 and a 12-month high of $35.84.
Premier (NASDAQ:PINC) last issued its quarterly earnings results on Monday, May 8th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.05. Premier had a negative return on equity of 13.95% and a net margin of 31.41%. The firm had revenue of $379.80 million for the quarter, compared to analyst estimates of $401.71 million. During the same period in the previous year, the firm earned $0.44 earnings per share. The company’s revenue was up 27.2% compared to the same quarter last year. Equities research analysts forecast that Premier, Inc. will post $1.91 earnings per share for the current year.
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A number of institutional investors have recently modified their holdings of PINC. PNC Financial Services Group Inc. raised its position in shares of Premier by 4.2% in the first quarter. PNC Financial Services Group Inc. now owns 3,664 shares of the company’s stock valued at $117,000 after buying an additional 149 shares during the period. Advisors Asset Management Inc. raised its position in shares of Premier by 49.8% in the first quarter. Advisors Asset Management Inc. now owns 4,389 shares of the company’s stock valued at $140,000 after buying an additional 1,459 shares during the period. Investment Counselors of Maryland LLC acquired a new position in shares of Premier during the first quarter valued at about $166,000. Pacer Advisors Inc. raised its position in shares of Premier by 13.5% in the first quarter. Pacer Advisors Inc. now owns 6,652 shares of the company’s stock valued at $212,000 after buying an additional 791 shares during the period. Finally, Teza Capital Management LLC acquired a new position in shares of Premier during the first quarter valued at about $236,000.
A number of research analysts have issued reports on PINC shares. Zacks Investment Research downgraded shares of Premier from a “buy” rating to a “hold” rating in a research report on Wednesday, March 8th. Evercore ISI downgraded shares of Premier from a “hold” rating to an “underperform” rating in a research report on Friday, March 3rd. Bank of America Corporation upgraded shares of Premier from an “underperform” rating to a “buy” rating and set a $37.00 price target on the stock in a research report on Tuesday, March 28th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $40.00 price target on shares of Premier in a research report on Thursday, April 13th. One analyst has rated the stock with a sell rating, two have given a hold rating and twelve have given a buy rating to the company’s stock. Premier has an average rating of “Buy” and a consensus target price of $38.55.
Premier Company Profile
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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