Premier (PINC) Lifted to “Hold” at BidaskClub

BidaskClub upgraded shares of Premier (NASDAQ:PINC) from a sell rating to a hold rating in a research report report published on Saturday.

PINC has been the topic of a number of other reports. Zacks Investment Research raised Premier from a hold rating to a buy rating and set a $33.00 target price on the stock in a report on Wednesday, January 10th. Citigroup began coverage on Premier in a report on Thursday, January 4th. They issued a neutral rating on the stock. Cowen began coverage on Premier in a report on Tuesday, February 13th. They issued a market perform rating and a $35.00 target price on the stock. Evercore ISI began coverage on Premier in a report on Thursday, January 18th. They issued an in-line rating and a $33.50 target price on the stock. Finally, Bank of America began coverage on Premier in a report on Tuesday, February 27th. They issued a buy rating and a $39.00 target price on the stock. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company presently has an average rating of Buy and an average price target of $36.71.

Shares of Premier stock opened at $32.64 on Friday. Premier has a one year low of $27.16 and a one year high of $36.50. The firm has a market capitalization of $4,426.24, a P/E ratio of 20.27, a P/E/G ratio of 1.25 and a beta of 0.49. The company has a current ratio of 0.83, a quick ratio of 0.71 and a debt-to-equity ratio of -0.01.



Premier (NASDAQ:PINC) last announced its earnings results on Monday, February 5th. The company reported $0.50 EPS for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.02. Premier had a negative return on equity of 19.94% and a net margin of 14.14%. The company had revenue of $411.40 million for the quarter, compared to analysts’ expectations of $393.35 million. During the same period last year, the firm earned $0.46 EPS. Premier’s revenue for the quarter was up 14.8% compared to the same quarter last year. analysts forecast that Premier will post 2.11 earnings per share for the current year.

In related news, Director Stephen R. D’arcy sold 3,967 shares of Premier stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $31.72, for a total value of $125,833.24. Following the completion of the transaction, the director now owns 11,233 shares in the company, valued at $356,310.76. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Leigh Anderson sold 1,177 shares of Premier stock in a transaction dated Friday, March 23rd. The stock was sold at an average price of $31.85, for a total value of $37,487.45. Following the completion of the transaction, the senior vice president now owns 10,784 shares of the company’s stock, valued at approximately $343,470.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 55,394 shares of company stock valued at $1,815,003. 17.52% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Xact Kapitalforvaltning AB purchased a new position in Premier in the fourth quarter worth about $207,000. Sterling Capital Management LLC lifted its stake in Premier by 25.9% in the fourth quarter. Sterling Capital Management LLC now owns 161,061 shares of the company’s stock worth $4,701,000 after purchasing an additional 33,152 shares during the last quarter. Segall Bryant & Hamill LLC lifted its stake in Premier by 137.7% in the fourth quarter. Segall Bryant & Hamill LLC now owns 247,279 shares of the company’s stock worth $7,218,000 after purchasing an additional 143,236 shares during the last quarter. BB&T Securities LLC lifted its stake in Premier by 9.1% in the fourth quarter. BB&T Securities LLC now owns 25,606 shares of the company’s stock worth $747,000 after purchasing an additional 2,130 shares during the last quarter. Finally, Verition Fund Management LLC bought a new stake in Premier in the fourth quarter worth about $534,000. Institutional investors own 43.06% of the company’s stock.

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Premier Company Profile

Premier, Inc, together with its subsidiaries, operates as a healthcare improvement company in the United States. The company operates through two segments, Supply Chain Services and Performance Services. The Supply Chain Services segment offers its members with access to a range of products and services, including medical and surgical products, pharmaceuticals, laboratory supplies, capital equipment, information technology, facilities and construction, and food and nutritional products, as well as purchased services, such as clinical engineering and document shredding services and software-as-a-service informatics products.

Analyst Recommendations for Premier (NASDAQ:PINC)

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