LSV Asset Management Has $27.04 Million Stock Position in Premier, Inc. (NASDAQ:PINC)

LSV Asset Management lessened its stake in shares of Premier, Inc. (NASDAQ:PINC - Free Report) by 6.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,275,302 shares of the company's stock after selling 88,900 shares during the quarter. LSV Asset Management owned about 1.33% of Premier worth $27,036,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Brooklyn Investment Group increased its stake in Premier by 61,750.0% during the fourth quarter. Brooklyn Investment Group now owns 1,237 shares of the company's stock worth $26,000 after acquiring an additional 1,235 shares during the last quarter. SRS Capital Advisors Inc. increased its position in shares of Premier by 157.8% in 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 last quarter. Keystone Financial Group Inc. bought a new position in Premier during the 4th quarter worth approximately $37,000. Wilmington Savings Fund Society FSB bought a new stake in Premier during the third quarter valued at $39,000. Finally, Smartleaf Asset Management LLC grew its position in shares of Premier by 297.9% during the 4th 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 during the last quarter. 74.41% of the stock is owned by institutional investors and hedge funds.

Premier Stock Performance

PINC stock traded up $0.03 during midday trading on Thursday, hitting $19.35. 267,657 shares of the company's stock were exchanged, compared to its average volume of 1,442,932. The company has a market cap of $1.77 billion, a PE ratio of -193.43 and a beta of 0.51. Premier, Inc. has a one year low of $17.23 and a one year high of $23.56. The stock's fifty day moving average price is $18.66 and its 200-day moving average price is $20.40.

Premier Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Saturday, March 15th. Stockholders of record on Saturday, March 1st were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.34%. The ex-dividend date of this dividend was Friday, February 28th. Premier's dividend payout ratio is currently -840.00%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on PINC shares. Canaccord Genuity Group cut their target price on Premier from $21.00 to $19.00 and set a "hold" rating on the stock in a research note on Wednesday, February 5th. Robert W. Baird reduced their target price on Premier from $20.00 to $19.00 and set a "neutral" rating for the company in a report on Wednesday, February 5th. Finally, Piper Sandler lowered their price target on Premier from $21.00 to $19.00 and set a "neutral" rating on the stock in a report on Wednesday, February 5th. Eight equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $20.17.

Insider Transactions at Premier

In related news, General Counsel David L. Klatsky sold 10,000 shares of the firm's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $19.53, for a total value of $195,300.00. Following the transaction, the general counsel now owns 90,597 shares in the company, 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 Securities & Exchange Commission, which is accessible through this link. 0.96% of the stock is owned by company insiders.

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.