1 week Ago By ABMN Staff
Principal Financial Group Inc. reduced its position in shares of Premier, Inc. ( NASDAQ:PINC – Free Report ) by 16.
6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 515,763 shares of the company’s stock after selling 102,509 shares during the quarter. Principal Financial Group Inc.
owned about 0.49% of Premier worth $9,629,000 at the end of the most recent quarter. Several other institutional investors and hedge funds have also added to or reduced their stakes in the company.
Mitsubishi UFJ Trust & Banking Corp bought a new position in shares of Premier in the 1st quarter worth $27,000. Abich Financial Wealth Management LLC lifted its stake in shares of Premier by 50.0% in the first quarter.
Abich Financial Wealth Management LLC now owns 1,951 shares of the company’s stock valued at $43,000 after buying an additional 650 shares in the last quarter. Parallel Advisors LLC grew its holdings in shares of Premier by 141.2% during the fourth quarter.
Parallel Advisors LLC now owns 1,980 shares of the company’s stock valued at $44,000 after buying an additional 1,159 shares during the last quarter. Versant Capital Management Inc increased its position in shares of Premier by 265.2% during the second quarter.
Versant Capital Management Inc now owns 2,140 shares of the company’s stock worth $40,000 after acquiring an additional 1,554 shares in the last quarter. Finally, Van ECK Associates Corp raised its holdings in shares of Premier by 22.4% in the 4th quarter.
Van ECK Associates Corp now owns 3,289 shares of the company’s stock worth $74,000 after acquiring an additional 601 shares during the last quarter. Institutional investors own 74.41% of the company’s stock.
Premier Price Performance Shares of NASDAQ:PINC opened at $20.44 on Friday. The company has a market capitalization of $2.
14 billion, a PE ratio of 31.94, a price-to-earnings-growth ratio of 9.79 and a beta of 0.
40. Premier, Inc. has a 1 year low of $17.
95 and a 1 year high of $23.56. The business has a fifty day moving average price of $19.
79 and a two-hundred day moving average price of $20.10. Premier Announces Dividend The business also recently declared a quarterly dividend, which will be paid on Sunday, September 15th.
Investors of record on Sunday, September 1st will be issued a $0.21 dividend. The ex-dividend date is Friday, August 30th.
This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.11%.
Premier’s dividend payout ratio (DPR) is presently 131.25%. Insider Activity at Premier In other Premier news, General Counsel David L.
Klatsky sold 13,339 shares of the firm’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $18.55, for a total value of $247,438.
45. Following the completion of the sale, the general counsel now directly owns 92,001 shares of the company’s stock, valued at $1,706,618.55.
The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link . In other news, COO Leigh Anderson sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $18.
63, for a total value of $372,600.00. Following the sale, the chief operating officer now owns 163,928 shares of the company’s stock, valued at $3,053,978.
64. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website . Also, General Counsel David L.
Klatsky sold 13,339 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $18.55, for a total transaction of $247,438.
45. Following the completion of the transaction, the general counsel now directly owns 92,001 shares of the company’s stock, valued at $1,706,618.55.
The disclosure for this sale can be found here . Over the last quarter, insiders have sold 148,261 shares of company stock worth $2,964,830. Insiders own 0.
85% of the company’s stock. Wall Street Analyst Weigh In A number of equities analysts have issued reports on PINC shares. Robert W.
Baird cut their price target on Premier from $22.00 to $19.00 and set a “neutral” rating for the company in a research note on Wednesday, August 21st.
Canaccord Genuity Group decreased their price target on Premier from $21.00 to $20.00 and set a “hold” rating for the company in a report on Wednesday, August 21st.
StockNews.com lowered Premier from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd. Benchmark downgraded shares of Premier from a “buy” rating to a “hold” rating in a report on Monday, August 26th.
Finally, JPMorgan Chase & Co. lowered their target price on shares of Premier from $23.00 to $21.
00 and set a “neutral” rating for the company in a report on Tuesday, May 28th. Ten equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, Premier presently has an average rating of “Hold” and an average price target of $22.19.
Get Our Latest Stock Report on Premier Premier Company Profile ( 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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