Susquehanna International Group LLP Purchases 44,224 Shares of Premier, Inc. (NASDAQ:PINC)

Susquehanna International Group LLP raised its holdings in Premier, Inc. (NASDAQ:PINC - Free Report) by 66.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 110,955 shares of the company's stock after buying an additional 44,224 shares during the quarter. Susquehanna International Group LLP owned 0.12% of Premier worth $2,352,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Van ECK Associates Corp grew its holdings in Premier by 28.0% during the fourth quarter. Van ECK Associates Corp now owns 2,041 shares of the company's stock valued at $43,000 after purchasing an additional 446 shares during the period. SRS Capital Advisors Inc. grew its stake in Premier by 157.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,284 shares of the company's stock worth $27,000 after buying an additional 786 shares in the last quarter. Brooklyn Investment Group boosted its stake in shares of Premier by 61,750.0% in the 4th quarter. Brooklyn Investment Group now owns 1,237 shares of the company's stock valued at $26,000 after purchasing an additional 1,235 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Premier by 40.4% in the 4th quarter. Russell Investments Group Ltd. now owns 4,371 shares of the company's stock valued at $93,000 after purchasing an additional 1,257 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake 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 valued at $40,000 after purchasing an additional 1,427 shares in the last quarter. Institutional investors and hedge funds own 74.41% of the company's stock.

Premier Stock Down 2.3%

NASDAQ PINC traded down $0.54 during mid-day trading on Wednesday, hitting $22.33. The stock had a trading volume of 455,283 shares, compared to its average volume of 1,246,016. The company has a market cap of $2.04 billion, a price-to-earnings ratio of -223.23 and a beta of 0.54. Premier, Inc. has a 52-week low of $17.23 and a 52-week high of $23.56. The company has a 50 day simple moving average of $19.72 and a 200 day simple moving average of $20.59.

Premier Announces Dividend

The company also recently declared 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. This represents a $0.84 annualized dividend and a dividend yield of 3.76%. The ex-dividend date is Friday, May 30th. Premier's dividend payout ratio is currently 147.37%.

Analyst Ratings Changes

A number of analysts recently commented on PINC shares. Robert W. Baird decreased their target price on Premier from $20.00 to $19.00 and set a "neutral" rating for the company in a research report on Wednesday, February 5th. Canaccord Genuity Group boosted 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. Finally, Piper Sandler decreased their price target on Premier from $21.00 to $19.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 5th. Seven analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $20.60.

Insider Activity

In other Premier news, General Counsel David L. Klatsky sold 10,000 shares of Premier 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 directly owns 90,597 shares of the company's stock, valued at $1,769,359.41. The trade was a 9.94% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Over the last ninety days, insiders have sold 22,119 shares of company stock valued at $464,974. 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.