Marshall Wace LLP Acquires 37,196 Shares of Premier, Inc. (NASDAQ:PINC)

Marshall Wace LLP grew its holdings in Premier, Inc. (NASDAQ:PINC - Free Report) by 134.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 64,923 shares of the company's stock after acquiring an additional 37,196 shares during the period. Marshall Wace LLP owned 0.07% of Premier worth $1,376,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Nordea Investment Management AB raised its holdings in Premier by 21.0% in the 4th quarter. Nordea Investment Management AB now owns 256,492 shares of the company's stock worth $5,465,000 after purchasing an additional 44,480 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Premier in the fourth quarter worth about $386,000. Steward Partners Investment Advisory LLC purchased a new position in shares of Premier during the 4th quarter valued at about $554,000. KBC Group NV lifted its position in shares of Premier by 38.1% during the 4th quarter. KBC Group NV now owns 5,589 shares of the company's stock valued at $118,000 after buying an additional 1,542 shares in the last quarter. Finally, Kera Capital Partners Inc. bought a new position in shares of Premier during the 4th quarter valued at approximately $248,000. Hedge funds and other institutional investors own 74.41% of the company's stock.

Premier Trading Up 0.2 %

Shares of NASDAQ:PINC traded up $0.05 during midday trading on Friday, reaching $20.46. 1,084,371 shares of the company were exchanged, compared to its average volume of 1,259,026. The stock has a market cap of $1.87 billion, a PE ratio of -204.58 and a beta of 0.54. The business's fifty day moving average is $19.05 and its two-hundred day moving average is $20.46. Premier, Inc. has a one year low of $17.23 and a one year high of $23.56.

Premier Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, June 15th. Stockholders of record on Sunday, June 1st will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.11%. Premier's payout ratio is -840.00%.

Wall Street Analyst Weigh In

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

Insider Transactions at Premier

In related news, General Counsel David L. Klatsky sold 10,000 shares of the stock in a transaction that occurred on 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 directly owns 90,597 shares of the company's stock, valued at approximately $1,769,359.41. This represents a 9.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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.