Premier, Inc. (NASDAQ:PINC)‘s stock had its “ourperform” rating reissued by equities researchers at William Blair in a report issued on Tuesday.
Several other equities research analysts have also recently weighed in on PINC. UBS AG reissued a “neutral” rating and issued a $35.00 price objective (up from $34.00) on shares of Premier in a research report on Thursday, May 25th. Zacks Investment Research upgraded Premier from a “sell” rating to a “hold” rating in a research note on Friday, August 18th. Jefferies Group LLC restated a “buy” rating and issued a $40.00 target price on shares of Premier in a research note on Wednesday, August 9th. BidaskClub lowered Premier from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Finally, Bank of America Corporation upped their target price on Premier from $37.00 to $39.00 and gave the company a “buy” rating in a research note on Thursday, May 25th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the stock. Premier currently has an average rating of “Hold” and an average price target of $38.38.
Premier (NASDAQ:PINC) opened at 33.06 on Tuesday. The firm has a market cap of $1.71 billion, a PE ratio of 15.59 and a beta of 0.46. The stock has a 50 day moving average of $34.67 and a 200 day moving average of $33.49. Premier has a one year low of $28.27 and a one year high of $36.50.
Premier (NASDAQ:PINC) last posted its quarterly earnings data on Monday, August 21st. The company reported $0.50 earnings per share 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 business had revenue of $403.10 million during the quarter, compared to the consensus estimate of $400.45 million. During the same period in the prior year, the company posted $0.36 earnings per share. The firm’s revenue was up 33.7% compared to the same quarter last year. On average, equities analysts forecast that Premier will post $2.07 earnings per share for the current year.
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In other Premier news, SVP Leigh Anderson sold 1,099 shares of the stock in a transaction on Monday, June 19th. The stock was sold at an average price of $35.29, for a total transaction of $38,783.71. Following the completion of the transaction, the senior vice president now directly owns 7,655 shares in the company, valued at $270,144.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Durral R. Gilbert sold 82,861 shares of the stock in a transaction on Monday, June 12th. The stock was sold at an average price of $35.11, for a total value 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 disclosure for this sale can be found here. Insiders have sold 184,710 shares of company stock valued at $6,476,796 over the last quarter. Corporate insiders own 17.14% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its position in Premier by 6.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 256,139 shares of the company’s stock valued at $7,777,000 after buying an additional 15,218 shares in the last quarter. Bank of Montreal Can raised its position in Premier by 4,215.4% in the first quarter. Bank of Montreal Can now owns 60,200 shares of the company’s stock valued at $1,916,000 after buying an additional 58,805 shares in the last quarter. Quantitative Systematic Strategies LLC bought a new position in Premier during the first quarter valued at about $257,000. Nationwide Fund Advisors bought a new position in Premier during the first quarter valued at about $2,035,000. Finally, River Road Asset Management LLC raised its position in Premier by 23.1% in the first quarter. River Road Asset Management LLC now owns 1,342,069 shares of the company’s stock valued at $42,718,000 after buying an additional 251,825 shares in the last quarter.
About Premier
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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