Premier Stock Price, News & Analysis (NASDAQ:PINC)

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Premier in the last year. There are currently 1 sell rating, 6 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research 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.

10 analysts have issued 12-month price objectives for Premier's shares. Their PINC share price targets range from $21.00 to $42.00. On average, they expect the company's stock price to reach $27.50 in the next year. This suggests a possible upside of 30.1% from the stock's current price.
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Premier's stock was trading at $34.98 at the start of the year. Since then, PINC shares have decreased by 39.6% and is now trading at $21.14.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 6th 2024.
View our PINC earnings forecast.

Premier, Inc. (NASDAQ:PINC) released its quarterly earnings results on Tuesday, November, 7th. The company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.46 by $0.04. The business had revenue of $318.75 million for the quarter, compared to the consensus estimate of $303.43 million. Premier had a trailing twelve-month return on equity of 12.48% and a net margin of 13.20%.

Premier announced a quarterly dividend on Thursday, October 26th. Shareholders of record on Friday, December 1st will be given a dividend of $0.21 per share on Friday, December 15th. This represents a $0.84 annualized dividend and a dividend yield of 3.97%. The ex-dividend date of this dividend is Thursday, November 30th.
Read our dividend analysis for PINC.

Premier (NASDAQ:PINC) pays an annual dividend of $0.84 per share and currently has a dividend yield of 4.02%. PINC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. 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 56.76%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PINC will have a dividend payout ratio of 44.92% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PINC.

ETFs with the largest weight of Premier (NASDAQ:PINC) stock in their portfolio include Fidelity Digital Health ETF (FDHT), SPDR S&P Health Care Services ETF (XHS), First Trust Health Care AlphaDEX Fund (FXH), ALPS O'Shares U.S. Small-Cap Quality Dividend ETF (OUSM), First Trust Mid Cap US Equity Select ETF (RNMC), iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV) and iShares U.S. Healthcare Providers ETF (IHF).First Trust Value Line Dividend Index Fund (FVD).

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.

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).

Premier's stock is owned by many different institutional and retail investors. Top institutional investors include Morgan Stanley (2.84%), AQR Capital Management LLC (1.24%), Charles Schwab Investment Management Inc. (1.08%), Allspring Global Investments Holdings LLC (1.07%), Bank of New York Mellon Corp (1.04%) and Fort Washington Investment Advisors Inc. OH (0.91%). Insiders that own company stock include Craig S Mckasson, Craig S Mckasson, David Alfred Hargraves, David L Klatsky and Leigh Anderson.
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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.
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