12,140 Shares in Premier, Inc. (NASDAQ:PINC) Acquired by OLD National Bancorp IN

OLD National Bancorp IN purchased a new position in Premier, Inc. (NASDAQ:PINC - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 12,140 shares of the company's stock, valued at approximately $234,000.

A number of other large investors also recently modified their holdings of the business. Barclays PLC increased its stake in Premier by 32.2% during the 3rd quarter. Barclays PLC now owns 154,128 shares of the company's stock valued at $3,081,000 after buying an additional 37,551 shares during the period. Entropy Technologies LP acquired a new position in Premier during the 4th quarter valued at about $356,000. Summit Trail Advisors LLC acquired a new position in Premier during the 4th quarter valued at about $668,000. Van ECK Associates Corp increased its stake in Premier by 28.0% during the 4th quarter. Van ECK Associates Corp now owns 2,041 shares of the company's stock valued at $43,000 after buying an additional 446 shares during the period. Finally, Sanctuary Advisors LLC acquired a new position in Premier during the 4th quarter valued at about $353,000. 74.41% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Premier news, Director Helen M. Boudreau sold 2,000 shares of the firm's stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $22.88, for a total value of $45,760.00. Following the completion of the transaction, the director now directly owns 18,668 shares in the company, valued at $427,123.84. This trade represents a 9.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through 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 stock was sold at an average price of $19.53, for a total transaction of $195,300.00. Following the completion of the transaction, the general counsel now owns 90,597 shares of the company's stock, valued at approximately $1,769,359.41. The trade was a 9.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 24,119 shares of company stock worth $516,976 over the last ninety days. 0.96% of the stock is currently owned by company insiders.

Analyst Ratings Changes

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

Premier Price Performance

Shares of PINC traded up $0.04 during mid-day trading on Friday, hitting $22.57. The company's stock had a trading volume of 1,337,662 shares, compared to its average volume of 1,257,938. The firm has a 50-day moving average price of $21.62 and a 200 day moving average price of $20.73. The stock has a market capitalization of $1.86 billion, a price-to-earnings ratio of -225.68 and a beta of 0.57. Premier, Inc. has a fifty-two week low of $17.23 and a fifty-two week high of $23.56.

Premier Announces Dividend

The company also recently announced 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. This represents a $0.84 annualized dividend and a dividend yield of 3.72%. The ex-dividend date of this dividend is Friday, May 30th. Premier's payout ratio is 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.