2 weeks Ago By Defense World Staff
Vanguard Group Inc. lowered its holdings in shares of Premier, Inc. ( NASDAQ:PINC – Free Report ) by 3.
6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,048,604 shares of the company’s stock after selling 406,850 shares during the quarter. Vanguard Group Inc.
owned 11.50% of Premier worth $234,230,000 at the end of the most recent quarter. Other institutional investors have also modified their holdings of the company.
KLP Kapitalforvaltning AS acquired a new stake in Premier during the 4th quarter worth approximately $996,000. American Century Companies Inc. raised its holdings in shares of Premier by 4.
2% during the fourth quarter. American Century Companies Inc. now owns 2,598,731 shares of the company’s stock worth $55,093,000 after acquiring an additional 104,452 shares during the period.
Advisors Asset Management Inc. raised its holdings in shares of Premier by 554.7% during the fourth quarter.
Advisors Asset Management Inc. now owns 98,945 shares of the company’s stock worth $2,098,000 after acquiring an additional 83,831 shares during the period. Kennondale Capital Management LLC bought a new stake in Premier in the 4th quarter valued at $675,000.
Finally, Corient Private Wealth LLC acquired a new position in Premier in the 4th quarter worth $227,000. Institutional investors own 74.41% of the company’s stock.
Analyst Upgrades and Downgrades A number of brokerages have recently commented on PINC. Robert W. Baird cut their price target on Premier from $20.
00 to $19.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. Canaccord Genuity Group cut their target price on Premier from $21.
00 to $19.00 and set a “hold” rating on the stock in a research note on Wednesday, February 5th. Finally, Piper Sandler decreased their price target on shares of Premier from $21.
00 to $19.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. Eight research analysts have rated the stock with a hold rating, According to MarketBeat.
com, the company has a consensus rating of “Hold” and a consensus target price of $20.17. Premier Stock Down 0.
5 % Shares of Premier stock opened at $19.44 on Friday. Premier, Inc.
has a 12-month low of $17.23 and a 12-month high of $23.56.
The business’s 50 day moving average is $19.05 and its 200-day moving average is $20.45.
The stock has a market cap of $1.78 billion, a P/E ratio of -194.38 and a beta of 0.
39. Premier Dividend Announcement The company also recently declared a quarterly dividend, which was paid on Saturday, March 15th. Shareholders of record on Saturday, March 1st were paid a $0.
21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 4.
32%. The ex-dividend date of this dividend was Friday, February 28th. Premier’s dividend payout ratio is currently -840.
00%. Insider Activity In other news, Director Helen M. Boudreau sold 2,500 shares of Premier stock in a transaction that occurred on Monday, January 6th.
The stock was sold at an average price of $21.42, for a total transaction of $53,550.00.
Following the completion of the transaction, the director now directly owns 20,668 shares in the company, valued at approximately $442,708.56. The trade was a 10.
79 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link . Also, General Counsel David L.
Klatsky sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $19.53, for a total value of $195,300.
00. Following the transaction, the general counsel now directly owns 90,597 shares in the company, valued at $1,769,359.41.
The trade was a 9.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here .
Insiders sold a total of 13,637 shares of company stock valued at $268,793 in the last quarter. Company insiders own 0.96% of the company’s stock.
About Premier ( 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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