Dimensional Fund Advisors LP Has $124.72 Million Holdings in Premier, Inc. (NASDAQ:PINC)

Dimensional Fund Advisors LP decreased its holdings in shares of Premier, Inc. (NASDAQ:PINC - Free Report) by 0.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,883,144 shares of the company's stock after selling 12,786 shares during the period. Dimensional Fund Advisors LP owned approximately 6.12% of Premier worth $124,723,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Nordea Investment Management AB boosted its position in shares of Premier by 21.0% in the 4th quarter. Nordea Investment Management AB now owns 256,492 shares of the company's stock valued at $5,465,000 after purchasing an additional 44,480 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Premier in the fourth quarter worth about $386,000. Steward Partners Investment Advisory LLC acquired a new position in shares of Premier in the fourth quarter worth about $554,000. KBC Group NV increased its position in shares of Premier by 38.1% in the fourth quarter. KBC Group NV now owns 5,589 shares of the company's stock worth $118,000 after acquiring an additional 1,542 shares in the last quarter. Finally, Kera Capital Partners Inc. acquired a new stake in shares of Premier during the fourth quarter valued at approximately $248,000. Institutional investors own 74.41% of the company's stock.

Premier Stock Performance

Shares of NASDAQ PINC traded up $0.08 during mid-day trading on Friday, reaching $20.49. The company had a trading volume of 191,460 shares, compared to its average volume of 1,378,933. Premier, Inc. has a twelve month low of $17.23 and a twelve month high of $23.56. The stock's 50 day moving average is $19.00 and its 200-day moving average is $20.45. The stock has a market capitalization of $1.87 billion, a PE ratio of -204.81 and a beta of 0.54.

Premier Dividend Announcement

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 given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 4.10%. The ex-dividend date is Friday, May 30th. Premier's payout ratio is currently -840.00%.

Analyst Ratings Changes

PINC has been the topic of several research analyst reports. Robert W. Baird lowered their price objective on shares of Premier from $20.00 to $19.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 5th. Canaccord Genuity Group lowered their price target on Premier from $21.00 to $19.00 and set a "hold" rating on the stock in a report on Wednesday, February 5th. Finally, Piper Sandler reduced their price objective on Premier from $21.00 to $19.00 and set a "neutral" rating for the company in a research note on Wednesday, February 5th. Eight research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price 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 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 represents a 9.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.96% of the company's stock.

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.