2 weeks Ago By ABMN Staff
Shares of Premier, Inc. ( NASDAQ:PINC – Get Free Report ) have earned a consensus recommendation of “Hold” from the nine ratings firms that are presently covering the company, Marketbeat Ratings reports. Nine equities research analysts have rated the stock with a hold recommendation.
The average 12 month price objective among analysts that have issued a report on the stock in the last year is $21.94. A number of research analysts have recently issued reports on the company.
Benchmark cut Premier from a “buy” rating to a “hold” rating in a research note on Monday, August 26th. StockNews.com cut Premier from a “buy” rating to a “hold” rating in a research note on Thursday, September 12th.
Canaccord Genuity Group cut their target price on Premier from $21.00 to $20.00 and set a “hold” rating on the stock in a research note on Wednesday, August 21st.
JPMorgan Chase & Co. cut their target price on Premier from $21.00 to $19.
00 and set a “neutral” rating on the stock in a research note on Monday, September 9th. Finally, Robert W. Baird cut their target price on Premier from $22.
00 to $19.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 21st. Read Our Latest Report on Premier Insiders Place Their Bets Hedge Funds Weigh In On Premier Several large investors have recently made changes to their positions in PINC.
Abich Financial Wealth Management LLC raised its holdings in Premier by 50.0% in the 1st quarter. Abich Financial Wealth Management LLC now owns 1,951 shares of the company’s stock worth $43,000 after acquiring an additional 650 shares during the last quarter.
Arizona State Retirement System raised its holdings in Premier by 2.0% in the 2nd quarter. Arizona State Retirement System now owns 33,542 shares of the company’s stock worth $626,000 after acquiring an additional 653 shares during the last quarter.
Comerica Bank raised its holdings in Premier by 0.9% in the 1st quarter. Comerica Bank now owns 77,422 shares of the company’s stock worth $1,711,000 after acquiring an additional 728 shares during the last quarter.
Caxton Associates LP raised its holdings in Premier by 1.6% in the 2nd quarter. Caxton Associates LP now owns 69,168 shares of the company’s stock worth $1,291,000 after acquiring an additional 1,095 shares during the last quarter.
Finally, Parallel Advisors LLC raised its holdings in Premier by 141.2% in the 4th quarter. Parallel Advisors LLC now owns 1,980 shares of the company’s stock worth $44,000 after acquiring an additional 1,159 shares during the last quarter.
74.41% of the stock is currently owned by hedge funds and other institutional investors. Premier Trading Up 0.
7 % Shares of NASDAQ:PINC opened at $19.99 on Wednesday. The stock’s 50-day moving average price is $20.
15 and its 200-day moving average price is $19.98. Premier has a 12-month low of $17.
95 and a 12-month high of $23.01. The stock has a market capitalization of $2.
10 billion, a P/E ratio of 31.23, a price-to-earnings-growth ratio of 9.38 and a beta of 0.
40. Premier ( NASDAQ:PINC – Get Free Report ) last announced its quarterly earnings data on Tuesday, August 20th. The company reported $0.
69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.25.
Premier had a return on equity of 11.69% and a net margin of 8.88%.
The firm had revenue of $350.30 million for the quarter, compared to analysts’ expectations of $308.88 million.
During the same period last year, the firm earned $0.70 earnings per share. The company’s revenue for the quarter was up 2.
9% compared to the same quarter last year. As a group, research analysts predict that Premier will post 1.04 EPS for the current year.
Premier Dividend Announcement The business also recently disclosed a quarterly dividend, which was paid on Sunday, September 15th. Shareholders of record on Sunday, September 1st were issued a $0.21 dividend.
The ex-dividend date was Friday, August 30th. This represents a $0.84 annualized dividend and a yield of 4.
20%. Premier’s dividend payout ratio (DPR) is presently 131.25%.
About Premier ( Get Free Report 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.
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