XTX Topco Ltd Invests $615,000 in Premier, Inc. (NASDAQ:PINC)

XTX Topco Ltd purchased a new stake in shares of Premier, Inc. (NASDAQ:PINC) in the second quarter, Holdings Channel reports. The firm purchased 32,914 shares of the company’s stock, valued at approximately $615,000.

Several other institutional investors have also added to or reduced their stakes in PINC. Norges Bank purchased a new position in shares of Premier in the fourth quarter valued at about $51,271,000. Goldman Sachs Group Inc. lifted its holdings in Premier by 139.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,121,702 shares of the company’s stock worth $47,441,000 after buying an additional 1,235,017 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Premier by 14.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,951,043 shares of the company’s stock worth $111,105,000 after buying an additional 773,207 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Premier by 60.4% during the second quarter. American Century Companies Inc. now owns 2,051,578 shares of the company’s stock valued at $38,303,000 after buying an additional 772,392 shares during the period. Finally, US Bancorp DE lifted its stake in Premier by 8,726.8% in the first quarter. US Bancorp DE now owns 374,434 shares of the company’s stock worth $8,275,000 after acquiring an additional 370,192 shares during the period. Hedge funds and other institutional investors own 74.41% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Premier from $21.00 to $19.00 and set a “neutral” rating on the stock in a research report on Monday, September 9th. Benchmark downgraded shares of Premier from a “buy” rating to a “hold” rating in a research note on Monday, August 26th. StockNews.com cut Premier from a “buy” rating to a “hold” rating in a research report on Thursday, September 12th. Canaccord Genuity Group lowered their target price on Premier from $21.00 to $20.00 and set a “hold” rating for the company in a research note on Wednesday, August 21st. Finally, Robert W. Baird reduced their price target on Premier from $22.00 to $19.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 21st. Ten investment analysts have rated the stock with a hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $21.94.

Premier Price Performance

Premier stock opened at $19.89 on Tuesday. Premier, Inc. has a twelve month low of $17.95 and a twelve month high of $23.01. The company has a market capitalization of $2.08 billion, a P/E ratio of 31.08, a PEG ratio of 9.79 and a beta of 0.40. The stock’s 50 day moving average is $20.14 and its 200 day moving average is $20.01.

Premier (NASDAQ:PINC) last issued its earnings results on Tuesday, August 20th. The company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.25. Premier had a net margin of 8.88% and a return on equity of 11.69%. The business had revenue of $350.30 million during the quarter, compared to analysts’ expectations of $308.88 million. During the same period in the previous year, the company earned $0.70 earnings per share. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. As a group, equities analysts expect that Premier, Inc. will post 1.04 EPS for the current year.

Premier Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Sunday, September 15th. Stockholders of record on Sunday, September 1st were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.22%. The ex-dividend date was Friday, August 30th. Premier’s payout ratio is presently 131.25%.

Insider Buying and Selling

In other Premier news, COO Leigh Anderson sold 20,000 shares of the business’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $18.63, for a total transaction of $372,600.00. Following the completion of the sale, the chief operating officer now directly owns 163,928 shares in the company, valued at approximately $3,053,978.64. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, COO Leigh Anderson sold 20,000 shares of the business’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $18.63, for a total transaction of $372,600.00. Following the completion of the sale, the chief operating officer now owns 163,928 shares of the company’s stock, valued at approximately $3,053,978.64. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Craig S. Mckasson sold 30,000 shares of the firm’s stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $20.00, for a total value of $600,000.00. Following the completion of the transaction, the chief financial officer now directly owns 288,110 shares in the company, valued at $5,762,200. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 166,312 shares of company stock worth $3,358,500. 0.85% of the stock is owned by insiders.

Premier Profile

Premier, Inc, together with its subsidiaries, operates as a healthcare improvement company in the United States. It operates in two segments, Supply Chain Services and Performance Services. The Supply Chain Services segment offers its members with an 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 workforce solutions.