12,065 Shares in Premier, Inc. (NASDAQ:PINC) Purchased by Algert Global LLC

Algert Global LLC bought a new position in shares of Premier, Inc. (NASDAQ:PINC) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 12,065 shares of the company’s stock, valued at approximately $225,000.

Other institutional investors have also recently bought and sold shares of the company. Mitsubishi UFJ Trust & Banking Corp bought a new position in shares of Premier during the 1st quarter worth approximately $27,000. Abich Financial Wealth Management LLC boosted its stake in Premier by 50.0% in the 1st quarter. Abich Financial Wealth Management LLC now owns 1,951 shares of the company’s stock worth $43,000 after purchasing an additional 650 shares during the period. Versant Capital Management Inc boosted its stake in Premier by 265.2% in the 2nd quarter. Versant Capital Management Inc now owns 2,140 shares of the company’s stock worth $40,000 after purchasing an additional 1,554 shares during the period. Meeder Asset Management Inc. bought a new position in Premier in the 2nd quarter worth about $47,000. Finally, nVerses Capital LLC bought a new stake in shares of Premier during the 2nd quarter valued at about $56,000. Institutional investors and hedge funds own 74.41% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Robert W. Baird decreased 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. Canaccord Genuity Group lowered their price target on Premier from $20.00 to $19.00 and set a “hold” rating on the stock in a report on Wednesday, October 2nd. Benchmark cut Premier from a “buy” rating to a “hold” rating in a research report on Monday, August 26th. StockNews.com cut Premier from a “buy” rating to a “hold” rating in a research report on Thursday, September 12th. Finally, JPMorgan Chase & Co. reduced their price target on Premier from $21.00 to $19.00 and set a “neutral” rating for the company in a research report on Monday, September 9th. Ten research analysts have rated the stock with a hold rating, Based on data from MarketBeat, Premier has an average rating of “Hold” and a consensus price target of $21.81.

Premier Trading Down 0.8 %

NASDAQ:PINC opened at $19.11 on Friday. Premier, Inc. has a 12-month low of $17.95 and a 12-month high of $23.01. The stock has a 50-day moving average price of $19.92 and a 200 day moving average price of $19.85. The stock has a market capitalization of $2.00 billion, a P/E ratio of 29.86, a P/E/G ratio of 9.14 and a beta of 0.41.

Premier (NASDAQ:PINC) last released 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. The firm had revenue of $350.30 million during the quarter, compared to analysts’ expectations of $308.88 million. Premier had a return on equity of 11.69% and a net margin of 8.88%. The firm’s revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the business posted $0.70 earnings per share. On average, research analysts predict that Premier, Inc. will post 1.04 earnings per share for the current fiscal year.

Premier Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Sunday, September 15th. Stockholders of record on Sunday, September 1st were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.40%. The ex-dividend date was Friday, August 30th. Premier’s dividend payout ratio (DPR) is 131.25%.

Insider Transactions at Premier

In related news, COO Leigh Anderson sold 20,000 shares of the business’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $19.62, for a total transaction of $392,400.00. Following the completion of the transaction, the chief operating officer now owns 131,707 shares in the company, valued at $2,584,091.34. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Premier news, CEO Michael J. Alkire sold 1,264 shares of Premier stock in a transaction on Monday, September 30th. The stock was sold at an average price of $20.01, for a total transaction of $25,292.64. Following the completion of the sale, the chief executive officer now directly owns 558,143 shares of the company’s stock, valued at $11,168,441.43. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Leigh Anderson sold 20,000 shares of the business’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $19.62, for a total value of $392,400.00. Following the completion of the transaction, the chief operating officer now directly owns 131,707 shares of the company’s stock, valued at approximately $2,584,091.34. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 186,312 shares of company stock worth $3,779,250. 0.85% of the stock is currently owned by company insiders.

Premier Company 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.