Premier, Inc. (NASDAQ:PINC) Shares Purchased by Bridgeway Capital Management LLC

Bridgeway Capital Management LLC raised its stake in Premier, Inc. (NASDAQ:PINC - Free Report) by 3.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 762,337 shares of the company's stock after purchasing an additional 21,861 shares during the quarter. Bridgeway Capital Management LLC owned about 0.79% of Premier worth $16,162,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in PINC. Nordea Investment Management AB increased its stake in Premier by 21.0% during the 4th quarter. Nordea Investment Management AB now owns 256,492 shares of the company's stock worth $5,465,000 after buying an additional 44,480 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Premier during the fourth quarter valued at about $386,000. Steward Partners Investment Advisory LLC acquired a new position in shares of Premier in the fourth quarter worth about $554,000. KBC Group NV lifted its stake in shares of Premier by 38.1% in the fourth quarter. KBC Group NV now owns 5,589 shares of the company's stock worth $118,000 after acquiring an additional 1,542 shares in the last quarter. Finally, Kera Capital Partners Inc. purchased a new position in Premier in the fourth quarter valued at about $248,000. 74.41% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on PINC. Piper Sandler cut their target price on Premier from $21.00 to $19.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 5th. Canaccord Genuity Group increased their price objective on shares of Premier from $19.00 to $22.00 and gave the company a "hold" rating in a research note on Thursday. Finally, Robert W. Baird dropped their target price on shares of Premier from $20.00 to $19.00 and set a "neutral" rating for the company in a research report on Wednesday, February 5th. Seven analysts have rated the stock with a hold rating, According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $20.60.

Insider Activity at Premier

In other Premier news, General Counsel David L. Klatsky sold 10,982 shares of the stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $22.74, for a total value of $249,730.68. Following the sale, the general counsel now directly owns 76,093 shares of the company's stock, valued at $1,730,354.82. This trade represents a 12.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders sold 22,119 shares of company stock worth $464,974 in the last 90 days. 0.96% of the stock is currently owned by company insiders.

Premier Trading Down 1.0 %

Premier stock traded down $0.23 during mid-day trading on Friday, reaching $23.07. The company's stock had a trading volume of 2,122,832 shares, compared to its average volume of 1,251,012. Premier, Inc. has a twelve month low of $17.23 and a twelve month high of $23.56. The business has a 50 day moving average price of $19.51 and a 200-day moving average price of $20.54. The firm has a market cap of $2.11 billion, a price-to-earnings ratio of -230.68 and a beta of 0.54.

Premier Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, June 15th. Investors of record on Sunday, June 1st will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 3.64%. The ex-dividend date of this dividend is Friday, May 30th. Premier's dividend payout ratio (DPR) is -840.00%.

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.