202,501 Shares in Premier, Inc. (NASDAQ:PINC) Bought by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Premier, Inc. (NASDAQ:PINC - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 202,501 shares of the company's stock, valued at approximately $4,293,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.22% of Premier as of its most recent SEC filing.

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

Premier Stock Up 0.9%

Premier stock traded up $0.20 during mid-day trading on Tuesday, hitting $23.06. The company had a trading volume of 1,548,814 shares, compared to its average volume of 1,263,188. The business has a fifty day moving average of $20.97 and a 200 day moving average of $20.70. Premier, Inc. has a 1 year low of $17.23 and a 1 year high of $23.56. The stock has a market cap of $1.90 billion, a price-to-earnings ratio of -230.58 and a beta of 0.54.

Premier Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 15th. Investors of record on Sunday, June 1st will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date is Friday, May 30th. Premier's dividend payout ratio is currently 147.37%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Robert W. Baird upped their price objective on Premier from $19.00 to $22.00 and gave the stock a "neutral" rating in a research report on Thursday, May 15th. Piper Sandler upped their price target on Premier from $19.00 to $24.00 and gave the stock a "neutral" rating in a report on Wednesday, May 21st. Finally, Canaccord Genuity Group lifted 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. Seven research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $22.20.

Insider Buying and Selling

In other news, General Counsel David L. Klatsky sold 10,982 shares of the company's stock in a transaction that occurred on Tuesday, May 6th. The stock was 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 owns 76,093 shares in the company, valued at $1,730,354.82. This represents a 12.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Helen M. Boudreau sold 2,000 shares of the business's stock in a transaction on Friday, May 30th. The shares were sold at an average price of $22.88, for a total transaction 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 represents a 9.68% 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 $510,734 in the last 90 days. Company insiders own 0.96% of the company's stock.

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.