Insider Selling: Press Ganey Holdings Inc. (PGND) Insider Sells 64,052 Shares of Stock
Press Ganey Holdings Inc. (NYSE:PGND) insider Patricia L. Riskind sold 64,052 shares of Press Ganey Holdings stock in a transaction on Friday, September 16th. The shares were sold at an average price of $40.38, for a total value of $2,586,419.76. Following the completion of the sale, the insider now owns 129,325 shares in the company, valued at approximately $5,222,143.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Press Ganey Holdings Inc. (NYSE:PGND) opened at 40.23 on Tuesday. Press Ganey Holdings Inc. has a one year low of $23.68 and a one year high of $42.09. The stock has a market cap of $2.13 billion, a P/E ratio of 78.73 and a beta of 0.99. The firm’s 50-day moving average price is $40.43 and its 200 day moving average price is $35.52.
Press Ganey Holdings (NYSE:PGND) last announced its earnings results on Monday, August 1st. The company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.03. The firm had revenue of $91.20 million for the quarter, compared to analysts’ expectations of $88.41 million. Press Ganey Holdings had a return on equity of 6.21% and a net margin of 7.92%. Equities research analysts expect that Press Ganey Holdings Inc. will post $1.14 EPS for the current fiscal year.
A number of large investors have recently made changes to their positions in PGND. Acrospire Investment Management LLC boosted its stake in Press Ganey Holdings by 23.8% in the second quarter. Acrospire Investment Management LLC now owns 2,600 shares of the company’s stock valued at $102,000 after buying an additional 500 shares during the period. Teacher Retirement System of Texas boosted its stake in Press Ganey Holdings by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 2,942 shares of the company’s stock valued at $116,000 after buying an additional 357 shares during the period. Legal & General Group Plc acquired a new stake in Press Ganey Holdings during the second quarter valued at about $124,000. Tower Research Capital LLC TRC boosted its stake in Press Ganey Holdings by 3,359.0% in the second quarter. Tower Research Capital LLC TRC now owns 3,459 shares of the company’s stock valued at $136,000 after buying an additional 3,359 shares during the period. Finally, BlackRock Group LTD acquired a new stake in Press Ganey Holdings during the first quarter valued at about $155,000. Hedge funds and other institutional investors own 96.61% of the company’s stock.
A number of equities research analysts have commented on the company. William Blair downgraded Press Ganey Holdings from an “outperform” rating to a “market perform” rating in a research report on Monday. Goldman Sachs Group Inc. downgraded Press Ganey Holdings from a “buy” rating to a “neutral” rating and set a $39.00 price objective on the stock. in a report on Monday, June 20th. They noted that the move was a valuation call. Canaccord Genuity reiterated a “buy” rating on shares of Press Ganey Holdings in a report on Friday, June 10th. Leerink Swann reiterated a “hold” rating on shares of Press Ganey Holdings in a report on Tuesday, August 2nd. Finally, Avondale Partners downgraded Press Ganey Holdings from an “outperform” rating to a “market perform” rating in a report on Wednesday, August 10th. Nine investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $39.56.
Press Ganey Holdings Company Profile
Press Ganey Holdings, Inc is a provider of patient experience and caregiver measurement, performance analytics and strategic advisory solutions for healthcare organizations. The Company provides its clients with a digital platform that captures the perspectives of patients, physicians, nurses and other healthcare employees and enables its clients to benchmark, analyze and manage the patient and caregiver experience.
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