Deutsche Bank AG Purchases 140,367 Shares of Premier, Inc. (NASDAQ:PINC)

Deutsche Bank AG grew its holdings in shares of Premier, Inc. (NASDAQ:PINC - Free Report) by 238.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 199,280 shares of the company's stock after purchasing an additional 140,367 shares during the period. Deutsche Bank AG owned approximately 0.21% of Premier worth $4,225,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. American Century Companies Inc. boosted its position in shares of Premier by 4.2% during the 4th quarter. American Century Companies Inc. now owns 2,598,731 shares of the company's stock valued at $55,093,000 after purchasing an additional 104,452 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Premier by 4.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,813,408 shares of the company's stock valued at $38,444,000 after purchasing an additional 71,624 shares in the last quarter. Brandes Investment Partners LP boosted its position in shares of Premier by 123.1% during the 4th quarter. Brandes Investment Partners LP now owns 842,326 shares of the company's stock valued at $17,857,000 after purchasing an additional 464,710 shares in the last quarter. Bridgeway Capital Management LLC boosted its position in shares of Premier by 3.0% during the 4th quarter. Bridgeway Capital Management LLC now owns 762,337 shares of the company's stock valued at $16,162,000 after purchasing an additional 21,861 shares in the last quarter. Finally, Northern Trust Corp boosted its position in shares of Premier by 20.5% during the 4th quarter. Northern Trust Corp now owns 741,739 shares of the company's stock valued at $15,725,000 after purchasing an additional 126,217 shares in the last quarter. Institutional investors own 74.41% of the company's stock.

Analyst Ratings Changes

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

Premier Trading Down 0.6%

Shares of PINC traded down $0.14 during midday trading on Friday, hitting $23.06. The stock had a trading volume of 1,190,505 shares, compared to its average volume of 1,246,078. Premier, Inc. has a fifty-two week low of $17.23 and a fifty-two week high of $23.56. The business has a 50-day simple moving average of $20.48 and a two-hundred day simple moving average of $20.69. The firm has a market cap of $1.90 billion, a P/E ratio of -230.58 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 dividend of $0.21 per share. 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 is currently 147.37%.

Insider Buying and Selling

In related news, General Counsel David L. Klatsky sold 10,982 shares of the firm's stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $22.74, for a total transaction of $249,730.68. Following the completion of the sale, the general counsel now directly owns 76,093 shares in the company, valued at approximately $1,730,354.82. This trade represents a 12.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last three months, insiders sold 22,119 shares of company stock worth $464,974. 0.96% of the stock is owned by company insiders.

Premier Company 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.