NASDAQ:PINC Premier (PINC) Stock Forecast, Price & News $26.07 +0.16 (+0.62%) (As of 06/9/2023 ET) Add Compare Share Share Today's Range$25.79▼$26.2250-Day Range$25.00▼$33.4152-Week Range$24.88▼$38.98Volume468,985 shsAverage Volume697,984 shsMarket Capitalization$3.10 billionP/E Ratio16.93Dividend Yield3.22%Price Target$37.22 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Premier MarketRank™ ForecastAnalyst RatingHold2.43 Rating ScoreUpside/Downside42.8% Upside$37.22 Price TargetShort InterestHealthy1.48% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment1.09Based on 8 Articles This WeekInsider TradingN/AProj. Earnings Growth11.54%From $2.34 to $2.61 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.96 out of 5 starsMedical Sector21st out of 986 stocksManagement Services Industry1st out of 6 stocks 3.2 Analyst's Opinion Consensus RatingPremier has received a consensus rating of Hold. The company's average rating score is 2.43, and is based on 3 buy ratings, 4 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $37.22, Premier has a forecasted upside of 42.8% from its current price of $26.07.Amount of Analyst CoveragePremier has only been the subject of 2 research reports in the past 90 days. Previous Next 5.0 Short Interest Percentage of Shares Shorted1.48% of the float of Premier has been sold short.Short Interest Ratio / Days to CoverPremier has a short interest ratio ("days to cover") of 2.5, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Premier has recently decreased by 36.82%, indicating that investor sentiment is improving significantly. Previous Next 2.5 Dividend Strength Dividend YieldPremier pays a meaningful dividend of 3.25%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthPremier has only been increasing its dividend for 2 years.Dividend CoverageThe dividend payout ratio of Premier is 54.55%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Premier will have a dividend payout ratio of 32.18% next year. This indicates that Premier will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for PINC. Previous Next 2.8 News and Social Media Coverage News SentimentPremier has a news sentiment score of 1.09. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.51 average news sentiment score of Medical companies.News Coverage This WeekMarketBeat has tracked 8 news articles for Premier this week, compared to 9 articles on an average week.MarketBeat Follows3 people have added Premier to their MarketBeat watchlist in the last 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Premier insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 0.77% of the stock of Premier is held by insiders.Percentage Held by Institutions66.93% of the stock of Premier is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Premier are expected to grow by 11.54% in the coming year, from $2.34 to $2.61 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Premier is 16.93, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.48.Price to Earnings Ratio vs. SectorThe P/E ratio of Premier is 16.93, which means that it is trading at a less expensive P/E ratio than the Medical sector average P/E ratio of about 91.16.Price to Earnings Growth RatioPremier has a PEG Ratio of 1.13. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioPremier has a P/B Ratio of 1.37. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Premier (NASDAQ:PINC) StockPremier, Inc. engages in the provision of healthcare improvement solutions. It operates through the Supply Chain Services and Performance Services segments. The Supply Chain Services segment includes healthcare group purchasing organization (GPO) programs in the United States, supply chain co-management, and direct sourcing activities. The Performance Services segment consists of informatics, collaborative, consulting services, direct-to-employer initiative, and insurance management services businesses. The company was founded on May 14, 2013 and is headquartered in Charlotte, NC.Read More Receive PINC Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Premier and its competitors with MarketBeat's FREE daily newsletter. Email Address PINC Stock News HeadlinesJune 7, 2023 | finance.yahoo.comPremier, Inc.’s PINC AI™ InflowHealth Solution Receives HFMA Peer Review DesignationJune 3, 2023 | forbes.comFC Barcelona Convince Manchester City Star To Sign Three-Year Contract: ReportsJune 9, 2023 | Vantage Point (Ad)Trade Smarter: Discover Hidden Opportunities w/ A.I.There’s a tool that scans and picks the best stocks…how you approach the trades is up to you. But when you’re forecasting 1 – 3 days in advance, it’s not really a guessing game. Stop guessing and start predicting to add consistency to your trades… no matter what happens in the market. June 1, 2023 | finance.yahoo.comTeleflex Awarded Agreements with Premier, Inc.June 1, 2023 | forbes.comArsenal Lost The Premier League, But They Did Not Bottle ItMay 31, 2023 | news.yahoo.comIntermed Labs deal with Premier opens sales doors for SNAPS EyeshieldMay 30, 2023 | forbes.comAaron Wan-Bissaka Must Stay Put At Manchester United This Summer – Here’s WhyMay 29, 2023 | forbes.comThree Key Areas Manchester United To Reinforce During The Summer Transfer WindowJune 9, 2023 | Vector Vest (Ad)Free Stock Analysis Report: Get Buy, Sell, or Hold RecommendationGet a full report that tells you what a stock is really worth, how safe the stock is, and if the timing is right to buy the stock. Plus a definitive Buy, Sell, Hold recommendation. May 29, 2023 | americanbankingnews.comPremier, Inc. (PINC) To Go Ex-Dividend on May 31stMay 26, 2023 | forbes.comHarry Kane Is The Answer To A Very Large Manchester United Question Going Into Next SeasonMay 26, 2023 | forbes.comShould Arsenal Allow Granit Xhaka To Leave In The Summer Transfer Window?May 26, 2023 | seekingalpha.comPremier: Second Guidance Downgrade Is TellingMay 25, 2023 | finance.yahoo.comPremier's (NASDAQ:PINC one-year decrease in earnings delivers investors with a 30% lossMay 24, 2023 | forbes.comIs Manchester City And Pep Guardiola’s Dominance A Problem For The Premier League?May 23, 2023 | finance.yahoo.comFresenius Kabi Awarded Technology Breakthrough Agreement with Premier, Inc. for the Ivenix Infusion SystemMay 22, 2023 | americanbankingnews.comStockNews.com Initiates Coverage on Premier (NASDAQ:PINC)May 21, 2023 | forbes.comDid Arsenal Really ‘Bottle’ The Premier League Title Race?May 19, 2023 | forbes.comManchester United Failed Departing Phil Jones, Not The Other Way AroundMay 19, 2023 | americanbankingnews.comBrokerages Set Premier, Inc. (NASDAQ:PINC) PT at $36.88May 18, 2023 | forbes.comPep Guardiola Has Turned Manchester City Into The Strongest Team In English Soccer HistoryMay 17, 2023 | finance.yahoo.comNASDAQ's Premier Inc. Awards Strands of Faith with Historic Contract to Supply 4,400 Hospitals Across the US with Textured Hair ProductsMay 17, 2023 | americanbankingnews.comPremier (NASDAQ:PINC) Sees Strong Trading VolumeMay 13, 2023 | forbes.comFC Barcelona Finalizing First $15 Million Summer Sale To Premier League: ReportsMay 12, 2023 | forbes.comFC Barcelona Set To Pocket $10 Million From Unexpected Player SaleMay 11, 2023 | americanbankingnews.comPremier (NASDAQ:PINC) Shares Gap Up to $26.44May 10, 2023 | finance.yahoo.comPremier Jumps After-Hours as It Explores Sale, Other OptionsSee More Headlines PINC Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart PINC Company Calendar Last Earnings11/02/2021Ex-Dividend for 3/15 Dividend2/28/2023Dividend Payable3/15/2023Ex-Dividend for 6/15 Dividend5/31/2023Today6/09/2023Dividend Payable6/15/2023Fiscal Year End6/30/2023Next Earnings (Estimated)8/15/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Management services Sub-IndustryN/A SectorMedical Current SymbolNASDAQ:PINC CUSIPN/A CIK1577916 Webwww.premierinc.com Phone(704) 357-0022FaxN/AEmployees2,600Year FoundedN/APrice Target and Rating Average Stock Price Forecast$37.22 High Stock Price Forecast$46.00 Low Stock Price Forecast$26.00 Forecasted Upside/Downside+43.3%Consensus RatingHold Rating Score (0-4)2.43 Research Coverage7 Analysts Profitability EPS (Most Recent Fiscal Year)$1.54 Trailing P/E Ratio16.87 Forward P/E Ratio11.10 P/E Growth1.13Net Income$265.87 million Net Margins13.73% Pretax Margin19.83% Return on Equity11.74% Return on Assets7.77% Debt Debt-to-Equity Ratio0.05 Current Ratio0.72 Quick Ratio0.62 Sales & Book Value Annual Sales$1.43 billion Price / Sales2.16 Cash Flow$3.28 per share Price / Cash Flow7.93 Book Value$19.05 per share Price / Book1.36Miscellaneous Outstanding Shares119,080,000Free Float118,161,000Market Cap$3.09 billion OptionableOptionable Beta0.29 Key ExecutivesMichael J. AlkirePresident, Chief Executive Officer & DirectorCraig S. McKassonSVP, Chief Financial & Administrative OfficerTerry LinnSenior VP-Corporate Development & StrategyLeigh AndersonPresident-Performance ServicesDavid HargravesSenior Vice President-Supply ChainKey CompetitorsEnovisNYSE:ENOVGlaukosNYSE:GKOSAmedisysNASDAQ:AMEDiRhythm TechnologiesNASDAQ:IRTCSage TherapeuticsNASDAQ:SAGEView All CompetitorsInstitutional OwnershipLegato Capital Management LLCBought 68,029 shares on 5/25/2023Ownership: 0.057%Ameriprise Financial Inc.Bought 10,338 shares on 5/22/2023Ownership: 0.039%JPMorgan Chase & Co.Bought 108,546 shares on 5/18/2023Ownership: 0.311%New York State Common Retirement FundSold 23,288 shares on 5/18/2023Ownership: 0.143%Mercer Global Advisors Inc. ADVBought 1,603 shares on 5/16/2023Ownership: 0.011%View All Institutional Transactions PINC Stock - Frequently Asked Questions Should I buy or sell Premier stock right now? 7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Premier in the last twelve months. There are currently 4 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" PINC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PINC, but not buy additional shares or sell existing shares. View PINC analyst ratings or view top-rated stocks. What is Premier's stock price forecast for 2023? 7 Wall Street analysts have issued 12-month price objectives for Premier's stock. Their PINC share price forecasts range from $26.00 to $46.00. On average, they predict the company's share price to reach $37.22 in the next year. This suggests a possible upside of 43.3% from the stock's current price. View analysts price targets for PINC or view top-rated stocks among Wall Street analysts. How have PINC shares performed in 2023? Premier's stock was trading at $34.98 at the beginning of 2023. Since then, PINC stock has decreased by 25.7% and is now trading at $25.98. View the best growth stocks for 2023 here. Are investors shorting Premier? Premier saw a decline in short interest during the month of May. As of May 15th, there was short interest totaling 1,750,000 shares, a decline of 36.8% from the April 30th total of 2,770,000 shares. Based on an average trading volume of 713,400 shares, the short-interest ratio is currently 2.5 days. Currently, 1.5% of the shares of the stock are short sold. View Premier's Short Interest. When is Premier's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 15th 2023. View our PINC earnings forecast. How were Premier's earnings last quarter? Premier, Inc. (NASDAQ:PINC) released its quarterly earnings data on Tuesday, November, 2nd. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.60 by $0.04. The firm earned $365.15 million during the quarter, compared to analyst estimates of $350.30 million. Premier had a net margin of 13.73% and a trailing twelve-month return on equity of 11.74%. During the same quarter in the prior year, the business earned $0.52 EPS. How often does Premier pay dividends? What is the dividend yield for Premier? Premier announced a quarterly dividend on Thursday, April 27th. Investors of record on Thursday, June 1st will be given a dividend of $0.21 per share on Thursday, June 15th. This represents a $0.84 annualized dividend and a yield of 3.23%. The ex-dividend date of this dividend is Wednesday, May 31st. Read our dividend analysis for PINC. What ETFs hold Premier's stock? ETFs with the largest weight of Premier (NASDAQ:PINC) stock in their portfolio include Fidelity Digital Health ETF (FDHT), ALPS O'Shares U.S. Small-Cap Quality Dividend ETF (OUSM), SPDR S&P Health Care Services ETF (XHS), First Trust Health Care AlphaDEX Fund (FXH), iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV), Mid Cap US Equity Select ETF (RNMC), iShares U.S. Healthcare Providers ETF (IHF) and VictoryShares US Small Mid Cap Value Momentum ETF (USVM). Is Premier a good dividend stock? Premier (NASDAQ:PINC) pays an annual dividend of $0.84 per share and currently has a dividend yield of 3.25%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 54.55%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PINC will have a dividend payout ratio of 32.18% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for PINC. What guidance has Premier issued on next quarter's earnings? Premier issued an update on its FY 2023 earnings guidance on Wednesday, May, 3rd. The company provided EPS guidance of $2.43-$2.55 for the period, compared to the consensus earnings per share estimate of $2.55. The company issued revenue guidance of $1.34 billion-$1.39 billion, compared to the consensus revenue estimate of $1.40 billion. What is Susan DeVore's approval rating as Premier's CEO? 157 employees have rated Premier Chief Executive Officer Susan DeVore on Glassdoor.com. Susan DeVore has an approval rating of 63% among the company's employees. This puts Susan DeVore in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies. What other stocks do shareholders of Premier own? Based on aggregate information from My MarketBeat watchlists, some companies that other Premier investors own include AbbVie (ABBV), Pfizer (PFE), QUALCOMM (QCOM), Energy Transfer (ET), AT&T (T), Alibaba Group (BABA), Cisco Systems (CSCO), Enterprise Products Partners (EPD), General Motors (GM) and Home Depot (HD). What is Premier's stock symbol? Premier trades on the NASDAQ under the ticker symbol "PINC." Who are Premier's major shareholders? Premier's stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (5.15%), River Road Asset Management LLC (4.45%), Mackenzie Financial Corp (4.00%), Dimensional Fund Advisors LP (3.10%), Burgundy Asset Management Ltd. (2.72%) and First Trust Advisors LP (2.55%). Insiders that own company stock include Craig S Mckasson, Craig S Mckasson, David Alfred Hargraves, David L Klatsky, Leigh Anderson, Stephen R D'arcy and William E Mayer. View institutional ownership trends. How do I buy shares of Premier? Shares of PINC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Premier's stock price today? One share of PINC stock can currently be purchased for approximately $25.98. How much money does Premier make? Premier (NASDAQ:PINC) has a market capitalization of $3.09 billion and generates $1.43 billion in revenue each year. The company earns $265.87 million in net income (profit) each year or $1.54 on an earnings per share basis. How many employees does Premier have? The company employs 2,600 workers across the globe. How can I contact Premier? Premier's mailing address is 13034 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC, 28277. The official website for the company is www.premierinc.com. The company can be reached via phone at (704) 357-0022 or via email at angie_mccabe@premierinc.com. This page (NASDAQ:PINC) was last updated on 6/9/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Premier, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. 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