Premier (PINC) Given Buy Rating at Oppenheimer
Other equities analysts also recently issued reports about the stock. Zacks Investment Research raised shares of Premier from a sell rating to a hold rating in a research note on Tuesday, September 5th. Jefferies Group reissued a buy rating and issued a $40.00 price target on shares of Premier in a research note on Wednesday, August 9th. William Blair reissued an ourperform rating on shares of Premier in a research note on Tuesday, August 22nd. SunTrust Banks decreased their price target on shares of Premier to $36.00 and set a buy rating for the company in a research note on Friday, November 17th. Finally, BidaskClub downgraded shares of Premier from a sell rating to a strong sell rating in a research note on Wednesday, August 23rd. Two research analysts have rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company. Premier presently has a consensus rating of Hold and a consensus target price of $38.38.
Premier (PINC) traded up $0.32 during mid-day trading on Thursday, reaching $29.78. 914,647 shares of the company were exchanged, compared to its average volume of 515,250. Premier has a 12 month low of $27.16 and a 12 month high of $36.50. The company has a market capitalization of $4,070.73, a P/E ratio of 16.30, a P/E/G ratio of 1.30 and a beta of 0.40.
Premier (NASDAQ:PINC) last released its quarterly earnings results on Monday, November 6th. The company reported $0.44 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.05). Premier had a negative return on equity of 18.31% and a net margin of 17.99%. The company had revenue of $390.56 million during the quarter, compared to the consensus estimate of $389.56 million. During the same period in the previous year, the company earned $0.41 earnings per share. Premier’s quarterly revenue was up 24.7% on a year-over-year basis. equities research analysts anticipate that Premier will post 1.87 EPS for the current year.
In other Premier news, COO Michael J. Alkire sold 25,000 shares of the company’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $29.90, for a total value of $747,500.00. Following the sale, the chief operating officer now owns 180,550 shares in the company, valued at $5,398,445. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 17.52% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in PINC. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Premier by 13.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,185 shares of the company’s stock worth $115,000 after purchasing an additional 384 shares during the period. The Manufacturers Life Insurance Company grew its holdings in Premier by 7.8% in the second quarter. The Manufacturers Life Insurance Company now owns 4,373 shares of the company’s stock worth $157,000 after purchasing an additional 315 shares during the period. Advisors Asset Management Inc. grew its holdings in Premier by 1.6% in the second quarter. Advisors Asset Management Inc. now owns 4,461 shares of the company’s stock worth $161,000 after purchasing an additional 72 shares during the period. PNC Financial Services Group Inc. grew its holdings in Premier by 30.9% in the second quarter. PNC Financial Services Group Inc. now owns 4,796 shares of the company’s stock worth $173,000 after purchasing an additional 1,132 shares during the period. Finally, Pacer Advisors Inc. grew its holdings in Premier by 11.6% in the second quarter. Pacer Advisors Inc. now owns 7,426 shares of the company’s stock worth $267,000 after purchasing an additional 774 shares during the period. Institutional investors and hedge funds own 38.31% of the company’s stock.
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Premier Company Profile
Premier, Inc is a healthcare improvement company. The Company is uniting an alliance of approximately 3,900 United States hospitals and health systems and approximately 150,000 other providers and 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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