NASDAQ:PINC Premier - PINC Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium 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. $31.82 +0.47 (+1.50%) (As of 03/24/2023 12:00 AM ET) Add Compare Share Share Today's Range$31.21▼$31.8750-Day Range$30.89▼$33.8352-Week Range$30.62▼$38.98Volume220,171 shsAverage Volume586,451 shsMarket Capitalization$3.78 billionP/E Ratio21.65Dividend Yield2.64%Price Target$40.70 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Premier MarketRank™ ForecastAnalyst RatingModerate Buy2.70 Rating ScoreUpside/Downside27.9% Upside$40.70 Price TargetShort InterestBearish2.04% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment0.00Based on 2 Articles This WeekInsider TradingN/AProj. Earnings Growth13.64%From $2.42 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.2.54 out of 5 starsMedical Sector130th out of 1,005 stocksManagement Services Industry2nd out of 7 stocks 3.4 Analyst's Opinion Consensus RatingPremier has received a consensus rating of Buy. The company's average rating score is 2.70, and is based on 7 buy ratings, 3 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $40.70, Premier has a forecasted upside of 27.9% from its current price of $31.82.Amount of Analyst CoveragePremier has only been the subject of 2 research reports in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted2.04% of the float of Premier has been sold short.Short Interest Ratio / Days to CoverPremier has a short interest ratio ("days to cover") of 4.3.Change versus previous monthShort interest in Premier has recently increased by 19.90%, indicating that investor sentiment is decreasing significantly. Previous Next 2.5 Dividend Strength Dividend YieldPremier pays a meaningful dividend of 2.66%, 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 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 1.7 News and Social Media Coverage News SentimentPremier has a news sentiment score of 0.00. 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 lower news sentiment than the 0.70 average news sentiment score of Medical companies.News Coverage This WeekMarketBeat has tracked 2 news articles for Premier this week, compared to 9 articles on an average week.Search Interest4 people have searched for PINC on MarketBeat 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 13.64% in the coming year, from $2.42 to $2.75 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Premier is 21.65, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 119.64.Price to Earnings Ratio vs. SectorThe P/E ratio of Premier is 21.65, which means that it is trading at a less expensive P/E ratio than the Medical sector average P/E ratio of about 102.23.Price to Earnings Growth RatioPremier has a PEG Ratio of 1.30. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioPremier has a P/B Ratio of 1.67. 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 HeadlinesMarch 15, 2023 | finance.yahoo.comThe Fortune/PINC AI 50 Top Cardiovascular Hospitals 2023March 12, 2023 | finance.yahoo.comCapital Allocation Trends At Premier (NASDAQ:PINC) Aren't IdealMarch 25, 2023 | Investor Place Media (Ad)The "King Of Quants" sees 10X potential...Eric Fry believes he just discovered America's next "Wealth Supercluster" and it's forming in the place you'd least expect. Investors are already flocking there for a chance at 1,000%+ returns. Here's how you could join them before it's too late...March 7, 2023 | finance.yahoo.comPremier Inc. to Participate in Barclays Global Healthcare Conference on March 14, 2023February 23, 2023 | finance.yahoo.comShould Income Investors Look At Premier, Inc. (NASDAQ:PINC) Before Its Ex-Dividend?February 22, 2023 | finance.yahoo.comPremier Inc. Acquires 100 Top Hospitals® ProgramFebruary 14, 2023 | finance.yahoo.comPremier’s PINC AI™ Receives 2023 Best in KLAS Award for Value-Based Care ConsultingFebruary 8, 2023 | finance.yahoo.comPremier Second Quarter 2023 Earnings: Beats ExpectationsMarch 25, 2023 | Investor Place Media (Ad)The "King Of Quants" sees 10X potential...Eric Fry believes he just discovered America's next "Wealth Supercluster" and it's forming in the place you'd least expect. Investors are already flocking there for a chance at 1,000%+ returns. Here's how you could join them before it's too late...January 27, 2023 | finance.yahoo.comHollister Incorporated Awarded SURPASS® Sole Source Contract for Enterostomal Therapy Products with Premier, Inc.January 27, 2023 | forbes.comOusmane Dembele Has Two Premier League Offers To Leave FC Barcelona - ReportsJanuary 27, 2023 | msn.comPremier declares $0.21 dividendJanuary 27, 2023 | forbes.comWhy Are Arsenal And Chelsea Interested In Brighton Midfielder Moises Caicedo?January 13, 2023 | forbes.comHow Long Before Newcastle United Win A Trophy Under Eddie Howe?January 9, 2023 | stocknews.com1 Medical Stock to Buy in 2023 and 1 to AvoidJanuary 6, 2023 | finance.yahoo.comAre Investors Undervaluing Premier, Inc. (NASDAQ:PINC) By 25%?January 4, 2023 | finance.yahoo.comPremier, Inc. to Report Fiscal 2023 Second-Quarter Results and Host Conference Call on February 7, 2023January 3, 2023 | finance.yahoo.comPremier Inc. to Participate in 41st Annual J.P. Morgan Healthcare Conference on January 10, 2023December 20, 2022 | finance.yahoo.comDeclining Stock and Decent Financials: Is The Market Wrong About Premier, Inc. (NASDAQ:PINC)?December 4, 2022 | finance.yahoo.comInvesting in Premier (NASDAQ:PINC) five years ago would have delivered you a 20% gainNovember 23, 2022 | finance.yahoo.comPremier, Inc. to Participate in Piper Sandler 34th Annual Healthcare Conference on November 30, 2022November 17, 2022 | finance.yahoo.comPremier (NASDAQ:PINC) Has Announced A Dividend Of $0.21November 3, 2022 | finance.yahoo.comPremier Inc. to Participate in Credit Suisse 31st Annual Healthcare Conference on November 8, 2022November 2, 2022 | finance.yahoo.comPremier (NASDAQ:PINC) Is Paying Out A Dividend Of $0.21October 26, 2022 | forbes.comNew Aston Villa Manager Unai Emery Has A Point To Prove In The Premier LeagueOctober 25, 2022 | forbes.comJurgen Klopp Is Facing The Biggest Challenge Of His Liverpool CareerOctober 25, 2022 | finance.yahoo.comWall Street Analysts See a 29% Upside in Premier, Inc. (PINC): Can the Stock Really Move This High?See More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart 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 Earnings2/07/2023Ex-Dividend for 3/15 Dividend2/28/2023Dividend Payable3/15/2023Today3/25/2023Next Earnings (Estimated)5/02/2023Fiscal Year End6/30/2023Get 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$40.70 High Stock Price Forecast$46.00 Low Stock Price Forecast$30.00 Forecasted Upside/Downside+27.9%Consensus RatingModerate Buy Rating Score (0-4)2.70 Research Coverage10 Analysts Profitability EPS (Most Recent Fiscal Year)$1.47 Trailing P/E Ratio21.65 Forward P/E Ratio13.15 P/E Growth1.3Net Income$265.87 million Net Margins12.85% Pretax Margin18.56% Return on Equity11.54% Return on Assets7.55% Debt Debt-to-Equity Ratio0.07 Current Ratio0.72 Quick Ratio0.60 Sales & Book Value Annual Sales$1.43 billion Price / Sales2.64 Cash Flow$3.28 per share Price / Cash Flow9.69 Book Value$19.05 per share Price / Book1.67Miscellaneous Outstanding Shares118,870,000Free Float117,952,000Market Cap$3.78 billion OptionableOptionable Beta0.29 Key ExecutivesMichael J. AlkirePresident, Chief Executive Officer & DirectorCraig S. McKassonSVP, Chief Financial & Administrative OfficerLeigh AndersonPresident-Performance ServicesDavid HargravesSenior Vice President-Supply ChainAndrew BrailoChief Customer OfficerKey CompetitorsCertaraNASDAQ:CERTICU MedicalNASDAQ:ICUIHaemoneticsNYSE:HAECerevel TherapeuticsNASDAQ:CEREiRhythm TechnologiesNASDAQ:IRTCView All CompetitorsInstitutional OwnershipVoya Investment Management LLCSold 6,323 shares on 2/28/2023Ownership: 0.111%Truist Financial CorpBought 18,646 shares on 2/17/2023Ownership: 0.016%State of WyomingBought 1,026 shares on 2/16/2023Ownership: 0.004%Altshuler Shaham LtdSold 700 shares on 2/16/2023Ownership: 0.001%Legal & General Group PlcBought 1,038 shares on 2/15/2023Ownership: 0.090%View All Institutional Transactions PINC Stock - Frequently Asked Questions Should I buy or sell Premier stock right now? 10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Premier in the last year. There are currently 3 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" PINC shares. View PINC analyst ratings or view top-rated stocks. What is Premier's stock price forecast for 2023? 10 equities research analysts have issued twelve-month price targets for Premier's stock. Their PINC share price forecasts range from $30.00 to $46.00. On average, they predict the company's share price to reach $40.70 in the next twelve months. This suggests a possible upside of 27.9% 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 the year. Since then, PINC stock has decreased by 9.0% and is now trading at $31.82. View the best growth stocks for 2023 here. When is Premier's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 2nd 2023. View our PINC earnings forecast. How were Premier's earnings last quarter? Premier, Inc. (NASDAQ:PINC) issued its quarterly earnings data on Tuesday, February, 7th. The company reported $0.70 EPS for the quarter, topping analysts' consensus estimates of $0.59 by $0.11. The firm earned $359.63 million during the quarter, compared to the consensus estimate of $358.36 million. Premier had a net margin of 12.85% and a trailing twelve-month return on equity of 11.54%. How often does Premier pay dividends? What is the dividend yield for Premier? Premier declared a quarterly dividend on Thursday, January 26th. Shareholders of record on Wednesday, March 1st will be given a dividend of $0.21 per share on Wednesday, March 15th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date is Tuesday, February 28th. 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), Global X Adaptive US Factor ETF (AUSF), First Trust Health Care AlphaDEX Fund (FXH), iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV), First Trust Mid Cap US Equity Select ETF (RNMC) and iShares U.S. Healthcare Providers ETF (IHF). 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 2.66%. 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 guidance has Premier issued on next quarter's earnings? Premier updated its FY23 earnings guidance on Tuesday, February, 7th. The company provided earnings per share guidance of $2.53-2.65 for the period, compared to the consensus estimate of $2.63. The company issued revenue guidance of $1.38-1.45 billion, compared to the consensus revenue estimate of $1.41 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 a variety of retail and institutional investors. Top institutional shareholders include River Road Asset Management LLC (4.72%), Mackenzie Financial Corp (4.66%), Dimensional Fund Advisors LP (2.88%), Burgundy Asset Management Ltd. (2.72%), First Trust Advisors LP (2.30%) and Renaissance Technologies LLC (1.81%). 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 $31.82. How much money does Premier make? Premier (NASDAQ:PINC) has a market capitalization of $3.78 billion and generates $1.43 billion in revenue each year. The company earns $265.87 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 2,600 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 3/25/2023 by MarketBeat.com Staff 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. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. 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