NASDAQ:PINC Premier (PINC) Stock Forecast, Price & News $20.80 -0.40 (-1.89%) (As of 10/3/2023 ET) Add Compare Share Share Today's Range$20.70▼$21.1550-Day Range$20.80▼$28.0752-Week Range$20.70▼$35.57Volume1.29 million shsAverage Volume3.50 million shsMarket Capitalization$2.48 billionP/E Ratio14.15Dividend Yield4.04%Price Target$29.64 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Premier MarketRank™ ForecastAnalyst RatingHold2.20 Rating ScoreUpside/Downside42.5% Upside$29.64 Price TargetShort InterestHealthy2.17% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainabilityN/ANews Sentiment0.63Based on 3 Articles This WeekInsider TradingN/AProj. Earnings Growth24.43%From $2.21 to $2.75 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.3.17 out of 5 starsMedical Sector15th out of 966 stocksManagement Services Industry1st out of 5 stocks 4.1 Analyst's Opinion Consensus RatingPremier has received a consensus rating of Hold. The company's average rating score is 2.20, and is based on 3 buy ratings, 6 hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $29.64, Premier has a forecasted upside of 42.5% from its current price of $20.80.Amount of Analyst CoveragePremier has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 3.0 Short Interest Percentage of Shares Shorted2.17% of the float of Premier has been sold short.Short Interest Ratio / Days to CoverPremier has a short interest ratio ("days to cover") of 1.7, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Premier has recently increased by 21.43%, indicating that investor sentiment is decreasing significantly. Previous Next 3.3 Dividend Strength Dividend LeadershipPremier is a leading dividend payer. It pays a dividend yield of 3.96%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthPremier has only been increasing its dividend for 2 years.Dividend CoverageThe dividend payout ratio of Premier is 57.14%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Premier will have a dividend payout ratio of 30.55% 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 2.0 News and Social Media Coverage News SentimentPremier has a news sentiment score of 0.63. 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 news sentiment score is similar to the average news sentiment of Medical companies.News Coverage This WeekMarketBeat has tracked 3 news articles for Premier this week, compared to 5 articles on an average week.MarketBeat Follows2 people have added Premier to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 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 Institutions66.85% 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 3.1 Earnings and Valuation Earnings GrowthEarnings for Premier are expected to grow by 24.43% in the coming year, from $2.21 to $2.75 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Premier is 14.15, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 119.19.Price to Earnings Ratio vs. SectorThe P/E ratio of Premier is 14.15, which means that it is trading at a less expensive P/E ratio than the Medical sector average P/E ratio of about 136.56.Price to Earnings Growth RatioPremier has a PEG Ratio of 1.76. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioPremier has a P/B Ratio of 1.06. 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., 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. This segment also provides the ASCENDrive programs for members to receive group purchasing programs, tiers, and prices; SURPASS Performance Group services; and STOCKD, an e-commerce platform, as well as direct sourcing business; SaaS informatics products; supply chain co-management services; purchased services contracts; direct sourcing solutions; and supply chain resiliency programs. The Performance Services segment provides technology and services platform with offerings that help optimize performance in three main areas, including clinical intelligence, margin improvement, and value-based care under the PINC AI brand; third party administrator services and management of health benefit programs under the Contigo Health brand; and digital invoicing and payables services that offers financial support services to healthcare product suppliers and service providers under the Remitra brand. The company was incorporated in 2013 and is based in Charlotte, North Carolina.Read More PINC Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart PINC Stock News HeadlinesSeptember 29, 2023 | forbes.comRaphael Varane Shows How Vital He Is To This Manchester United TeamSeptember 28, 2023 | money.usnews.comPremier Inc - Ordinary Shares - Class AOctober 4, 2023 | Wall Street Fundamentals (Ad)Would Buffett Approve of This Growth Strategy?Warren Buffett's approach has been to find and invest in undervalued businesses with strong potential for growth. Taking this approach to heart and applying it to a Trillion Dollar industry has proved itself in a big way...achieving an incredible 400+% growth during a down market.September 26, 2023 | forbes.comDo Arsenal Need Ivan Toney Signing To Catch Manchester City?September 23, 2023 | businesswire.comPINC AI ™ and Fortune Name the Nation’s 100 Top HospitalsSeptember 22, 2023 | forbes.comWhat Can Tottenham Really Achieve Under Ange Postecoglou?September 21, 2023 | forbes.comHas Andre Onana Been An Upgrade On David De Gea For Man Utd?September 21, 2023 | finance.yahoo.comPINC AI™ and Fortune Name the Nation’s 100 Top Hospitals®October 4, 2023 | Wall Street Fundamentals (Ad)Would Buffett Approve of This Growth Strategy?Warren Buffett's approach has been to find and invest in undervalued businesses with strong potential for growth. Taking this approach to heart and applying it to a Trillion Dollar industry has proved itself in a big way...achieving an incredible 400+% growth during a down market.September 19, 2023 | forbes.comYouthful Arsenal’s Lack Of European Experience Could Be ExposedSeptember 15, 2023 | forbes.comErik Ten Hag’s Reputation On The Line As Manchester United StruggleSeptember 13, 2023 | finance.yahoo.comPremier, Inc. (PINC) Interactive Stock Chart - Yahoo FinanceSeptember 9, 2023 | forbes.comWhat’s Gone Wrong For Newcastle United This Season?September 5, 2023 | benzinga.comDignity Health Global Education and Premier, Inc. Collaborate to Boost Retention, Satisfaction and Reduce Costs Within Healthcare SystemsSeptember 1, 2023 | forbes.comFC Barcelona Announce Much-Needed Outgoing Transfer On Deadline DayAugust 31, 2023 | forbes.comManchester United Remain Behind Rivals Manchester City On And Off The FieldAugust 30, 2023 | forbes.comFC Barcelona Prodigy Ansu Fati Agrees To Join Surprise Premier League Club: ReportsAugust 30, 2023 | forbes.comAnge Postecoglou Proving Himself As The Manager Tottenham NeededAugust 28, 2023 | forbes.comWhat Do Manchester United Have Left To Do In The Summer Transfer Window?August 27, 2023 | forbes.comWhat Does Kai Havertz Do And Why Did Arsenal Sign Him?August 24, 2023 | msn.comBaird Maintains Premier Inc - (PINC) Neutral RecommendationAugust 23, 2023 | msn.comPiper Sandler Downgrades Premier Inc - (PINC)August 23, 2023 | msn.comB of A Securities Maintains Premier Inc - (PINC) Underperform RecommendationAugust 23, 2023 | forbes.comIs Eddie Nketiah Good Enough To Be Arsenal’s First-Choice Striker?August 23, 2023 | benzinga.comPremier, Inc. Renews HFMA Peer Review DesignationAugust 23, 2023 | markets.businessinsider.comPremier Analysts Lower Their Forecasts After Q4 ResultsAugust 23, 2023 | markets.businessinsider.comFee Share Pressure To Impact Premier's Growth, Analyst CautionsSee More Headlines 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 Company Calendar Last Earnings8/22/2023Ex-Dividend for 9/15 Dividend8/31/2023Dividend Payable9/15/2023Today10/04/2023Next Earnings (Estimated)11/07/2023Fiscal Year End6/30/2024Get 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/AEmployees2,800Year FoundedN/APrice Target and Rating Average Stock Price Forecast$29.64 High Stock Price Forecast$42.00 Low Stock Price Forecast$24.00 Forecasted Upside/Downside+42.5%Consensus RatingHold Rating Score (0-4)2.20 Research Coverage10 Analysts Profitability EPS (Most Recent Fiscal Year)$1.47 Trailing P/E Ratio14.15 Forward P/E Ratio9.41 P/E Growth1.76Net Income$175.03 million Net Margins13.10% Pretax Margin18.71% Return on Equity12.45% Return on Assets8.31% Debt Debt-to-Equity Ratio0.04 Current Ratio0.79 Quick Ratio0.69 Sales & Book Value Annual Sales$1.34 billion Price / Sales1.86 Cash Flow$3.45 per share Price / Cash Flow6.03 Book Value$19.59 per share Price / Book1.06Miscellaneous Outstanding Shares119,170,000Free Float118,253,000Market Cap$2.48 billion OptionableOptionable Beta0.32 20 Stocks to Sell NowMarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.Get This Free Report Key ExecutivesMr. Michael J. Alkire (Age 60)Pres, CEO & Director Comp: $2.87MMr. Craig Steven McKasson (Age 56)Chief Admin. Officer, CFO, Sr. VP & Treasurer Comp: $1.62MMr. David L. Klatsky J.D. (Age 61)Gen. Counsel Comp: $1.02MMr. Leigh T. Anderson (Age 56)Pres of Performance Services Comp: $1.03MMs. Crystal ClimerChief Accounting OfficerBen KrasinskiDirector of Investor RelationsMs. Kaycee KalpinChief Marketing OfficerMr. Andy BrailoChief Customer OfficerMs. Laurie GrahamChief of StaffMr. Joseph MachicoteChief Diversity & Inclusion OfficerMore ExecutivesKey CompetitorsMaravai LifeSciencesNASDAQ:MRVIUltragenyx PharmaceuticalNASDAQ:RARENuvalentNASDAQ:NUVLProthenaNASDAQ:PRTAFortreaNASDAQ:FTREView All CompetitorsInstitutional OwnershipDean Capital ManagementSold 650 shares on 8/23/2023Ownership: 0.057%Comerica BankBought 368,544 shares on 8/22/2023Ownership: 0.309%Virginia Retirement Systems ET ALBought 10,400 shares on 8/22/2023Ownership: 0.009%California State Teachers Retirement SystemSold 4,009 shares on 8/21/2023Ownership: 0.121%Osaic Holdings Inc.Sold 3,077 shares on 8/21/2023Ownership: 0.001%View All Institutional Transactions PINC Stock - Frequently Asked Questions Should I buy or sell Premier stock right now? 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. What is Premier's stock price forecast for 2023? 10 brokerages have issued twelve-month price targets for Premier's stock. Their PINC share price forecasts range from $24.00 to $42.00. On average, they predict the company's share price to reach $29.64 in the next year. This suggests a possible upside of 42.5% 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 start of the year. Since then, PINC stock has decreased by 40.5% and is now trading at $20.80. View the best growth stocks for 2023 here. Are investors shorting Premier? Premier saw a increase in short interest in the month of September. As of September 15th, there was short interest totaling 2,550,000 shares, an increase of 21.4% from the August 31st total of 2,100,000 shares. Based on an average trading volume of 1,480,000 shares, the days-to-cover ratio is presently 1.7 days. Approximately 2.2% of the shares of the company 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, November 7th 2023. View our PINC earnings forecast. How were Premier's earnings last quarter? Premier, Inc. (NASDAQ:PINC) issued its quarterly earnings results on Tuesday, August, 22nd. The company reported $0.68 earnings per share for the quarter, topping analysts' consensus estimates of $0.66 by $0.02. The company earned $340.40 million during the quarter, compared to analyst estimates of $355.59 million. Premier had a net margin of 13.10% and a trailing twelve-month return on equity of 12.45%. The company's quarterly revenue was down .1% compared to the same quarter last year. During the same quarter last year, the business earned $0.54 earnings per share. How often does Premier pay dividends? What is the dividend yield for Premier? Premier declared a quarterly dividend on Thursday, August 10th. Stockholders of record on Friday, September 1st will be given a dividend of $0.21 per share on Friday, September 15th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.04%. The ex-dividend date is Thursday, August 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), 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), 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). 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 3.96%. 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 57.14%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PINC will have a dividend payout ratio of 30.55% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for PINC. 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." 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 $20.80. How much money does Premier make? Premier (NASDAQ:PINC) has a market capitalization of $2.48 billion and generates $1.34 billion in revenue each year. The company earns $175.03 million in net income (profit) each year or $1.47 on an earnings per share basis. How many employees does Premier have? The company employs 2,800 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 10/4/2023 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. 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