Premier, Inc. (NASDAQ:PINC - Get Free Report) Director John T. Bigalke sold 1,137 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 28,673 shares in the company, valued at $660,339.19. The trade was a 3.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Premier Price Performance
NASDAQ:PINC traded down $0.19 during trading hours on Friday, reaching $22.93. 911,580 shares of the company were exchanged, compared to its average volume of 1,262,254. The business has a 50 day moving average of $21.28 and a 200 day moving average of $20.74. Premier, Inc. has a 1-year low of $17.23 and a 1-year high of $23.56. The company has a market capitalization of $1.89 billion, a P/E ratio of -229.28 and a beta of 0.57.
Premier Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Sunday, June 15th. Investors of record on Sunday, June 1st will be given a dividend of $0.21 per share. The ex-dividend date is Friday, May 30th. This represents a $0.84 annualized dividend and a yield of 3.66%. Premier's dividend payout ratio is 147.37%.
Institutional Investors Weigh In On Premier
A number of large investors have recently bought and sold shares of PINC. Jane Street Group LLC raised its position in shares of Premier by 74.9% in the 1st quarter. Jane Street Group LLC now owns 570,505 shares of the company's stock valued at $10,999,000 after buying an additional 244,251 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Premier by 7.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 413,347 shares of the company's stock worth $7,969,000 after acquiring an additional 28,496 shares in the last quarter. Empowered Funds LLC increased its stake in Premier by 2.5% in the first quarter. Empowered Funds LLC now owns 508,288 shares of the company's stock valued at $9,800,000 after acquiring an additional 12,303 shares during the last quarter. Caxton Associates LLP acquired a new position in Premier during the first quarter valued at approximately $1,700,000. Finally, Millennium Management LLC raised its position in Premier by 101.2% during the first quarter. Millennium Management LLC now owns 809,939 shares of the company's stock valued at $15,616,000 after purchasing an additional 407,373 shares in the last quarter. 74.41% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of research analysts have commented on PINC shares. Canaccord Genuity Group upped their price objective on Premier from $19.00 to $22.00 and gave the company a "hold" rating in a report on Thursday, May 8th. Robert W. Baird lifted their target price on Premier from $19.00 to $22.00 and gave the stock a "neutral" rating in a report on Thursday, May 15th. Finally, Piper Sandler upped their price target 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. Seven equities research analysts have rated the stock with a hold rating, According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $22.20.
View Our Latest Analysis on Premier
Premier Company Profile
(
Get Free Report)
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.
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