Alps Advisors Inc. Acquires 40 Shares of Premier, Inc. (PINC)

Alps Advisors Inc. raised its position in shares of Premier, Inc. (NASDAQ:PINC) by 0.3% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 15,462 shares of the company’s stock after buying an additional 40 shares during the period. Alps Advisors Inc.’s holdings in Premier were worth $557,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the stock. Advisors Asset Management Inc. boosted its position in shares of Premier by 1.6% in the second quarter. Advisors Asset Management Inc. now owns 4,461 shares of the company’s stock worth $161,000 after buying an additional 72 shares during the last quarter. PNC Financial Services Group Inc. boosted 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 worth $117,000 after buying an additional 149 shares during the last quarter. Punch & Associates Investment Management Inc. boosted its position in shares of Premier by 0.6% in the first quarter. Punch & Associates Investment Management Inc. now owns 75,540 shares of the company’s stock worth $2,404,000 after buying an additional 425 shares during the last quarter. Wells Fargo & Company MN boosted its position in shares of Premier by 1.1% in the first quarter. Wells Fargo & Company MN now owns 65,880 shares of the company’s stock worth $2,096,000 after buying an additional 747 shares during the last quarter. Finally, Pacer Advisors Inc. boosted 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 worth $212,000 after buying an additional 791 shares during the last quarter.

Premier, Inc. (NASDAQ:PINC) opened at 33.39 on Wednesday. The firm has a 50-day moving average of $34.80 and a 200-day moving average of $33.48. Premier, Inc. has a 12-month low of $28.27 and a 12-month high of $36.50. The stock has a market capitalization of $1.73 billion, a price-to-earnings ratio of 15.74 and a beta of 0.46.

Premier (NASDAQ:PINC) last issued its quarterly earnings results on Monday, August 21st. The company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by $0.02. Premier had a net margin of 31.41% and a negative return on equity of 13.95%. The firm had revenue of $403.10 million for the quarter, compared to analyst estimates of $400.45 million. During the same period last year, the company earned $0.36 EPS. The company’s revenue was up 33.7% compared to the same quarter last year. Equities research analysts forecast that Premier, Inc. will post $2.09 earnings per share for the current fiscal year.

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A number of equities analysts have recently commented on the stock. Piper Jaffray Companies reaffirmed a “hold” rating on shares of Premier in a report on Tuesday. William Blair reissued an “ourperform” rating on shares of Premier in a research note on Tuesday. UBS AG reissued a “neutral” rating and issued a $35.00 price objective (up from $34.00) on shares of Premier in a research note on Thursday, May 25th. Bank of America Corporation boosted their price objective on shares of Premier from $37.00 to $39.00 and gave the company a “buy” rating in a research note on Thursday, May 25th. Finally, Zacks Investment Research raised shares of Premier from a “sell” rating to a “hold” rating in a research note on Friday, August 18th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company’s stock. Premier has a consensus rating of “Buy” and a consensus target price of $38.25.

In other news, insider Durral R. Gilbert sold 82,861 shares of the company’s stock in a transaction on Monday, June 12th. The stock was sold at an average price of $35.11, for a total transaction of $2,909,249.71. Following the transaction, the insider now owns 145,261 shares of the company’s stock, valued at $5,100,113.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Craig S. Mckasson sold 10,750 shares of the company’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $33.55, for a total value of $360,662.50. Following the transaction, the insider now directly owns 88,688 shares in the company, valued at approximately $2,975,482.40. The disclosure for this sale can be found here. Insiders have sold 184,710 shares of company stock worth $6,476,796 in the last ninety days. 17.14% of the stock is currently owned by insiders.

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.