Premier, Inc. (NASDAQ:PINC) Insider Sells $144,163.14 in Stock

Premier, Inc. (NASDAQ:PINC) insider Andy Brailo sold 7,458 shares of Premier stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $19.33, for a total transaction of $144,163.14. Following the transaction, the insider now directly owns 111,745 shares of the company’s stock, valued at $2,160,030.85. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Andy Brailo also recently made the following trade(s):

• On Monday, May 20th, Andy Brailo sold 8,331 shares of Premier stock. The shares were sold at an average price of $19.64, for a total transaction of $163,620.84.

Premier Stock Down 0.7 %

Premier stock traded down $0.13 during midday trading on Friday, reaching $18.91. The stock had a trading volume of 299,449 shares, compared to its average volume of 1,561,323. The stock has a market capitalization of $1.98 billion, a P/E ratio of 29.75, a price-to-earnings-growth ratio of 6.50 and a beta of 0.39. The firm’s fifty day simple moving average is $20.80 and its 200-day simple moving average is $21.21. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.82 and a current ratio of 0.93. Premier, Inc. has a 1-year low of $18.65 and a 1-year high of $28.30.

Premier Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, June 15th. Stockholders of record on Saturday, June 1st will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.44%. The ex-dividend date is Friday, May 31st. Premier’s dividend payout ratio is presently 131.25%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on PINC. Leerink Partnrs reiterated a “market perform” rating on shares of Premier in a research report on Monday, February 26th. Robert W. Baird reduced their price target on shares of Premier from $25.00 to $22.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 8th. Canaccord Genuity Group restated a “hold” rating and issued a $21.00 price objective (down previously from $27.00) on shares of Premier in a research report on Wednesday, May 8th. StockNews.com upgraded shares of Premier from a “hold” rating to a “buy” rating in a research report on Thursday, May 9th. Finally, Canaccord Genuity Group lowered shares of Premier from a “buy” rating to a “hold” rating and lowered their price target for the company from $27.00 to $21.00 in a report on Wednesday, May 8th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $23.50.

Institutional Investors Weigh In On Premier

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in Premier in the 1st quarter valued at about $27,000. Global Retirement Partners LLC raised its stake in Premier by 153.3% in the 4th quarter. Global Retirement Partners LLC now owns 1,583 shares of the company’s stock valued at $35,000 after acquiring an additional 958 shares during the period. Hexagon Capital Partners LLC raised its stake in Premier by 71.7% in the 4th quarter. Hexagon Capital Partners LLC now owns 1,660 shares of the company’s stock valued at $37,000 after acquiring an additional 693 shares during the period. Parallel Advisors LLC lifted its holdings in Premier by 141.2% during the 4th quarter. Parallel Advisors LLC now owns 1,980 shares of the company’s stock valued at $44,000 after purchasing an additional 1,159 shares during the last quarter. Finally, Janiczek Wealth Management LLC increased its holdings in shares of Premier by 246.5% in the fourth quarter. Janiczek Wealth Management LLC now owns 2,533 shares of the company’s stock valued at $57,000 after purchasing an additional 1,802 shares during the last quarter. 74.41% of the stock is currently owned by institutional investors and hedge funds.

About Premier

Premier, Inc, together with its subsidiaries, operates as a healthcare improvement company in the United States. It operates in two segments, Supply Chain Services and Performance Services. The Supply Chain Services segment offers its members with an 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 workforce solutions.