Premier, Inc. (NASDAQ:PINC) Stock Holdings Lessened by Nuveen Asset Management LLC

Nuveen Asset Management LLC decreased its position in shares of Premier, Inc. (NASDAQ:PINC - Free Report) by 10.2% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 185,399 shares of the company's stock after selling 21,079 shares during the period. Nuveen Asset Management LLC owned 0.19% of Premier worth $3,930,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. SRS Capital Advisors Inc. grew its holdings in shares of Premier by 157.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,284 shares of the company's stock worth $27,000 after purchasing an additional 786 shares during the period. Keystone Financial Group Inc. acquired a new position in Premier during the fourth quarter valued at approximately $37,000. Smartleaf Asset Management LLC lifted its position in Premier by 297.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,906 shares of the company's stock valued at $40,000 after buying an additional 1,427 shares in the last quarter. Van ECK Associates Corp grew its stake in Premier by 28.0% during the fourth quarter. Van ECK Associates Corp now owns 2,041 shares of the company's stock worth $43,000 after buying an additional 446 shares during the period. Finally, Aster Capital Management DIFC Ltd acquired a new stake in shares of Premier in the fourth quarter worth $52,000. Hedge funds and other institutional investors own 74.41% of the company's stock.

Premier Price Performance

Premier stock traded up $0.27 during midday trading on Tuesday, hitting $23.13. 633,480 shares of the stock were exchanged, compared to its average volume of 1,259,662. Premier, Inc. has a 1 year low of $17.23 and a 1 year high of $23.56. The firm has a market cap of $1.90 billion, a P/E ratio of -231.28 and a beta of 0.54. The company has a 50 day moving average price of $20.97 and a two-hundred day moving average price of $20.70.

Premier Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, June 15th. Shareholders of record on Sunday, June 1st will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.84 annualized dividend and a yield of 3.63%. Premier's dividend payout ratio is presently 147.37%.

Analyst Upgrades and Downgrades

PINC has been the topic of several recent research reports. Robert W. Baird lifted their target price on shares of Premier from $19.00 to $22.00 and gave the company a "neutral" rating in a report on Thursday, May 15th. 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 report on Thursday, May 8th. Finally, Piper Sandler boosted their price objective on Premier from $19.00 to $24.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 21st. Seven research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $22.20.

Insider Buying and Selling at Premier

In other news, General Counsel David L. Klatsky sold 10,000 shares of the stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $19.53, for a total transaction of $195,300.00. Following the transaction, the general counsel now owns 90,597 shares of the company's stock, valued at approximately $1,769,359.41. This trade represents a 9.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Helen M. Boudreau sold 2,000 shares of the company's stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $22.88, for a total value of $45,760.00. Following the sale, the director now owns 18,668 shares in the company, valued at $427,123.84. The trade was a 9.68% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 24,119 shares of company stock valued at $510,734 in the last three months. Corporate insiders own 0.96% of the company's stock.

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.