Premier Inc (NASDAQ:PINC) insider Leigh Anderson sold 1,923 shares of the firm’s stock in a transaction that occurred on Monday, September 17th. The stock was sold at an average price of $43.26, for a total transaction of $83,188.98. Following the completion of the transaction, the insider now directly owns 20,076 shares of the company’s stock, valued at $868,487.76. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Leigh Anderson also recently made the following trade(s):

  • On Tuesday, September 4th, Leigh Anderson sold 2,273 shares of Premier stock. The stock was sold at an average price of $44.48, for a total transaction of $101,103.04.

Premier stock opened at $43.14 on Wednesday. The firm has a market cap of $5.78 billion, a PE ratio of 61.63, a P/E/G ratio of 1.48 and a beta of 0.54. Premier Inc has a fifty-two week low of $27.16 and a fifty-two week high of $45.31.

Premier (NASDAQ:PINC) last issued its earnings results on Tuesday, August 21st. The company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.04. The company had revenue of $433.96 million for the quarter, compared to analysts’ expectations of $412.24 million. Premier had a net margin of 47.84% and a negative return on equity of 25.18%. The firm’s revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.50 EPS. sell-side analysts expect that Premier Inc will post 2.48 earnings per share for the current year.

Several research analysts recently commented on the stock. Piper Jaffray Companies raised their price objective on shares of Premier from $32.00 to $40.00 and gave the stock a “neutral” rating in a report on Tuesday, August 21st. Benchmark reissued a “buy” rating and issued a $50.00 price target (up from $40.00) on shares of Premier in a report on Wednesday, August 22nd. ValuEngine raised shares of Premier from a “hold” rating to a “buy” rating in a report on Wednesday, August 22nd. Oppenheimer raised their price target on shares of Premier to $48.00 and gave the company an “outperform” rating in a report on Tuesday, August 21st. Finally, SunTrust Banks downgraded shares of Premier from a “buy” rating to a “hold” rating and set a $38.00 price target for the company. in a report on Wednesday, August 22nd. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $40.63.

A number of large investors have recently modified their holdings of PINC. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in Premier in the 2nd quarter worth $36,492,000. Summit Trail Advisors LLC raised its position in Premier by 4,678.6% in the 1st quarter. Summit Trail Advisors LLC now owns 1,019,280 shares of the company’s stock worth $1,019,000 after purchasing an additional 997,950 shares during the period. Massachusetts Financial Services Co. MA raised its position in Premier by 46.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,797,781 shares of the company’s stock worth $101,783,000 after purchasing an additional 893,451 shares during the period. River Road Asset Management LLC raised its position in Premier by 63.2% in the 2nd quarter. River Road Asset Management LLC now owns 2,160,966 shares of the company’s stock worth $78,616,000 after purchasing an additional 836,502 shares during the period. Finally, JPMorgan Chase & Co. raised its position in Premier by 16.2% in the 1st quarter. JPMorgan Chase & Co. now owns 4,867,432 shares of the company’s stock worth $152,400,000 after purchasing an additional 679,358 shares during the period. Institutional investors own 42.41% of the company’s stock.

Premier Company Profile

Premier, Inc, together with its subsidiaries, operates as a healthcare improvement company in the United States. The company operates through two segments, Supply Chain Services and Performance Services. The Supply Chain Services segment offers its members with 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 document shredding services and software-as-a-service informatics products.

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Insider Buying and Selling by Quarter for Premier (NASDAQ:PINC)

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