Yousif Capital Management LLC Sells 4,266 Shares of Premier, Inc. (NASDAQ:PINC)

Yousif Capital Management LLC decreased its position in Premier, Inc. (NASDAQ:PINC) by 10.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,224 shares of the company’s stock after selling 4,266 shares during the quarter. Yousif Capital Management LLC’s holdings in Premier were worth $789,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of PINC. GAMMA Investing LLC increased its holdings in Premier by 137.6% during the 3rd quarter. GAMMA Investing LLC now owns 1,347 shares of the company’s stock valued at $27,000 after purchasing an additional 780 shares during the period. CWM LLC grew its position in shares of Premier by 10.2% in the 3rd quarter. CWM LLC now owns 45,039 shares of the company’s stock worth $901,000 after buying an additional 4,185 shares during the last quarter. Creative Planning increased its stake in shares of Premier by 13.8% during the third quarter. Creative Planning now owns 58,018 shares of the company’s stock valued at $1,160,000 after buying an additional 7,038 shares during the period. nVerses Capital LLC raised its holdings in shares of Premier by 196.7% during the third quarter. nVerses Capital LLC now owns 8,900 shares of the company’s stock valued at $178,000 after acquiring an additional 5,900 shares in the last quarter. Finally, Impact Partnership Wealth LLC lifted its stake in Premier by 7.1% in the third quarter. Impact Partnership Wealth LLC now owns 11,945 shares of the company’s stock worth $239,000 after acquiring an additional 795 shares during the period. 74.41% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on PINC. Canaccord Genuity Group reduced their price objective on shares of Premier from $21.00 to $19.00 and set a “hold” rating on the stock in a research report on Wednesday, February 5th. StockNews.com downgraded shares of Premier from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Robert W. Baird cut their price objective on Premier from $20.00 to $19.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 5th. Piper Sandler reduced their target price on Premier from $21.00 to $19.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. Finally, Barclays raised their target price on Premier from $20.00 to $24.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 6th. Ten analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $20.50.

Premier Stock Down 1.5 %

PINC stock opened at $17.77 on Friday. The business has a 50 day moving average of $21.20 and a 200 day moving average of $20.84. The firm has a market cap of $1.71 billion, a PE ratio of -177.68 and a beta of 0.43. Premier, Inc. has a twelve month low of $17.69 and a twelve month high of $23.56.

Premier Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 15th. Investors of record on Saturday, March 1st will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 4.73%. The ex-dividend date is Friday, February 28th. Premier’s dividend payout ratio (DPR) is -839.92%.

Insider Buying and Selling at Premier

In related news, Director John T. Bigalke sold 1,136 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $22.19, for a total value of $25,207.84. Following the transaction, the director now directly owns 23,846 shares of the company’s stock, valued at approximately $529,142.74. This represents a 4.55 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Leigh Anderson sold 20,000 shares of the stock in a transaction on Friday, December 20th. The shares were sold at an average price of $21.88, for a total value of $437,600.00. Following the sale, the chief operating officer now owns 111,707 shares in the company, valued at approximately $2,444,149.16. This represents a 15.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 42,010 shares of company stock worth $916,911. 0.96% of the stock is owned by corporate 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.