42,096 Shares in Premier, Inc. (NASDAQ:PINC) Bought by Two Sigma Investments LP

Two Sigma Investments LP purchased a new position in shares of Premier, Inc. (NASDAQ:PINC - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 42,096 shares of the company's stock, valued at approximately $892,000.

Other hedge funds have also recently modified their holdings of the company. Brandes Investment Partners LP lifted its holdings in Premier by 123.1% in the fourth quarter. Brandes Investment Partners LP now owns 842,326 shares of the company's stock valued at $17,857,000 after acquiring an additional 464,710 shares during the period. Quantinno Capital Management LP boosted its holdings in Premier by 249.8% during the fourth quarter. Quantinno Capital Management LP now owns 405,241 shares of the company's stock worth $8,591,000 after buying an additional 289,408 shares in the last quarter. Franklin Resources Inc. acquired a new position in Premier during the fourth quarter worth about $5,275,000. Millennium Management LLC increased its holdings in Premier by 142.8% in the fourth quarter. Millennium Management LLC now owns 402,566 shares of the company's stock valued at $8,534,000 after buying an additional 236,787 shares in the last quarter. Finally, Clark Capital Management Group Inc. acquired a new stake in shares of Premier during the 4th quarter valued at approximately $4,017,000. 74.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Canaccord Genuity Group raised their price objective on Premier from $19.00 to $22.00 and gave the company a "hold" rating in a research note on Thursday, May 8th. Robert W. Baird raised their price target on Premier from $19.00 to $22.00 and gave the company a "neutral" rating in a research report on Thursday, May 15th. Finally, Piper Sandler boosted their price objective on shares of Premier from $19.00 to $24.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 21st. Seven analysts have rated the stock with a hold rating, According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $22.20.

Insider Buying and Selling at Premier

In other news, Director John T. Bigalke sold 1,137 shares of the firm's stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $23.03, for a total value of $26,185.11. Following the transaction, the director now owns 28,673 shares of the company's stock, valued at approximately $660,339.19. This trade represents a 3.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, General Counsel David L. Klatsky sold 10,000 shares of the firm's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $19.53, for a total value of $195,300.00. Following the completion of the transaction, the general counsel now directly owns 90,597 shares in the company, valued at $1,769,359.41. This trade represents a 9.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 24,119 shares of company stock worth $516,976. Insiders own 0.96% of the company's stock.

Premier Trading Down 0.9%

Shares of NASDAQ:PINC traded down $0.20 on Tuesday, hitting $22.88. The company had a trading volume of 1,504,754 shares, compared to its average volume of 1,261,572. The company has a market cap of $1.88 billion, a PE ratio of -228.78 and a beta of 0.57. Premier, Inc. has a 52-week low of $17.23 and a 52-week high of $23.56. The business has a 50 day moving average of $21.41 and a 200 day moving average of $20.73.

Premier Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 15th. Shareholders of record on Sunday, June 1st will be issued a $0.21 dividend. The ex-dividend date is Friday, May 30th. This represents a $0.84 annualized dividend and a yield of 3.67%. Premier's dividend payout ratio (DPR) is presently 147.37%.

Premier Profile

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.