Shares of Premier Inc. (NASDAQ:PINC) shot up 2.9% during mid-day trading on Monday . The stock traded as high as $33.96 and last traded at $33.79, with a volume of 553,444 shares trading hands. The stock had previously closed at $32.84.

Several research firms have issued reports on PINC. KeyCorp restated a “buy” rating on shares of Premier in a research note on Sunday, May 22nd. Canaccord Genuity restated a “buy” rating and issued a $40.00 price objective on shares of Premier in a research note on Wednesday, June 29th. Zacks Investment Research upgraded Premier from a “hold” rating to a “buy” rating and set a $36.00 price objective on the stock in a research note on Thursday. Credit Suisse Group AG began coverage on Premier in a research note on Friday, August 5th. They issued an “outperform” rating and a $39.00 price objective on the stock. Finally, Barclays PLC began coverage on Premier in a research note on Wednesday, June 1st. They issued an “overweight” rating and a $41.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $39.63.

The company’s 50 day moving average price is $32.98 and its 200 day moving average price is $32.81. The stock has a market capitalization of $1.54 billion and a price-to-earnings ratio of 60.47.

In other news, insider Durral R. Gilbert sold 20,000 shares of the stock in a transaction dated Tuesday, July 12th. The shares were sold at an average price of $34.00, for a total transaction of $680,000.00. Following the completion of the sale, the insider now directly owns 44,239 shares in the company, valued at $1,504,126. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP R. Wesley Champion sold 25,049 shares of the stock in a transaction dated Friday, July 1st. The stock was sold at an average price of $33.23, for a total transaction of $832,378.27. Following the sale, the vice president now owns 40,913 shares of the company’s stock, valued at $1,359,538.99. The disclosure for this sale can be found here.

Several hedge funds have recently bought and sold shares of the company. Rhumbline Advisers raised its stake in Premier by 3.2% in the fourth quarter. Rhumbline Advisers now owns 32,806 shares of the company’s stock worth $1,157,000 after buying an additional 1,020 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in Premier by 7.8% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 72,474 shares of the company’s stock worth $2,557,000 after buying an additional 5,242 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Premier by 11.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 153,413 shares of the company’s stock worth $5,411,000 after buying an additional 15,594 shares in the last quarter. Finally, Jennison Associates LLC raised its stake in Premier by 17.0% in the fourth quarter. Jennison Associates LLC now owns 893,647 shares of the company’s stock worth $31,519,000 after buying an additional 129,650 shares in the last quarter.

Premier, Inc is a healthcare improvement company. The Company is uniting an alliance of approximately 3,600 United States hospitals and approximately 120,000 other providers 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.