Premier, Inc. (NASDAQ:PINC) Receives Consensus Recommendation of “Buy” from Analysts
Premier, Inc. (NASDAQ:PINC) has been assigned a consensus recommendation of “Buy” from the seventeen research firms that are presently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and twelve have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $38.90.
PINC has been the subject of several research analyst reports. Zacks Investment Research cut shares of Premier from a “buy” rating to a “hold” rating in a research report on Friday, May 12th. Bank of America Corporation lifted their target price on shares of Premier from $37.00 to $39.00 and gave the stock a “buy” rating in a report on Thursday, May 25th. BidaskClub lowered shares of Premier from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Jefferies Group LLC reaffirmed a “buy” rating and set a $40.00 target price on shares of Premier in a report on Wednesday. Finally, UBS AG reaffirmed a “neutral” rating and set a $35.00 target price (up previously from $34.00) on shares of Premier in a report on Thursday, May 25th.
In other Premier news, insider Durral R. Gilbert sold 82,861 shares of the business’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $35.11, for a total transaction of $2,909,249.71. Following the sale, the insider now directly owns 145,261 shares of the company’s stock, valued at approximately $5,100,113.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Craig S. Mckasson sold 10,750 shares of the business’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $34.84, for a total transaction of $374,530.00. Following the sale, the insider now directly owns 74,505 shares in the company, valued at $2,595,754.20. The disclosure for this sale can be found here. Insiders have sold a total of 184,710 shares of company stock worth $6,490,663 over the last three months. Insiders own 17.14% of the company’s stock.
Large investors have recently modified their holdings of the company. Wells Fargo & Company MN boosted its stake in shares of Premier by 1.1% in the first quarter. Wells Fargo & Company MN now owns 65,880 shares of the company’s stock valued at $2,096,000 after buying an additional 747 shares during the period. DUPONT CAPITAL MANAGEMENT Corp boosted its stake in shares of Premier by 249.0% in the first quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 55,083 shares of the company’s stock valued at $1,753,000 after buying an additional 39,300 shares during the period. WealthTrust Axiom LLC acquired a new stake in shares of Premier during the first quarter valued at approximately $538,000. Investment Counselors of Maryland LLC acquired a new stake in shares of Premier during the first quarter valued at approximately $166,000. Finally, Punch & Associates Investment Management Inc. boosted its stake in shares of Premier by 0.6% in the first quarter. Punch & Associates Investment Management Inc. now owns 75,540 shares of the company’s stock valued at $2,404,000 after buying an additional 425 shares during the period.
Premier (NASDAQ PINC) traded up 0.48% during midday trading on Friday, hitting $33.35. The stock had a trading volume of 623,601 shares. The company has a market cap of $1.73 billion, a P/E ratio of 15.72 and a beta of 0.46. Premier has a one year low of $28.27 and a one year high of $36.50. The stock’s 50-day moving average is $35.18 and its 200-day moving average is $33.38.
Premier Company Profile
Premier, Inc is a healthcare improvement company. The Company is uniting an alliance of approximately 3,750 United States hospitals and more than 130,000 other provider organizations 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.
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