Premier (NASDAQ:PINC) VP Kelli L. Price sold 4,000 shares of Premier stock in a transaction that occurred on Wednesday, March 14th. The stock was sold at an average price of $34.33, for a total value of $137,320.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
NASDAQ:PINC opened at $31.26 on Friday. Premier has a 12-month low of $27.16 and a 12-month high of $36.50. The company has a market cap of $4,313.62, a P/E ratio of 19.42, a P/E/G ratio of 1.22 and a beta of 0.49. The company has a quick ratio of 0.71, a current ratio of 0.83 and a debt-to-equity ratio of -0.01.
Premier (NASDAQ:PINC) last released its quarterly earnings data on Monday, February 5th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.02. Premier had a negative return on equity of 19.94% and a net margin of 14.14%. The business had revenue of $411.40 million during the quarter, compared to analyst estimates of $393.35 million. During the same quarter in the previous year, the firm posted $0.46 EPS. The business’s revenue for the quarter was up 14.8% compared to the same quarter last year. equities analysts expect that Premier will post 2.11 EPS for the current fiscal year.
Large investors have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue acquired a new position in Premier during the 4th quarter valued at approximately $124,000. The Manufacturers Life Insurance Company boosted its position in Premier by 7.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,373 shares of the company’s stock valued at $157,000 after purchasing an additional 315 shares during the period. Xact Kapitalforvaltning AB acquired a new position in Premier during the 4th quarter valued at approximately $207,000. American Century Companies Inc. acquired a new position in Premier during the 4th quarter worth $243,000. Finally, Stevens Capital Management LP boosted its position in Premier by 25.5% during the 3rd quarter. Stevens Capital Management LP now owns 9,601 shares of the company’s stock worth $313,000 after acquiring an additional 1,951 shares during the period. Institutional investors and hedge funds own 42.91% of the company’s stock.
Several equities research analysts have issued reports on the company. Zacks Investment Research upgraded Premier from a “hold” rating to a “buy” rating and set a $33.00 price objective on the stock in a report on Wednesday, January 10th. Citigroup began coverage on Premier in a research report on Thursday, January 4th. They issued a “neutral” rating for the company. Cowen began coverage on Premier in a research report on Tuesday, February 13th. They issued a “market perform” rating and a $35.00 target price for the company. Evercore ISI began coverage on Premier in a research report on Thursday, January 18th. They issued an “in-line” rating and a $33.50 target price for the company. Finally, JPMorgan Chase reiterated a “neutral” rating and issued a $30.00 target price on shares of Premier in a research report on Tuesday, December 19th. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $36.71.
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Premier Company Profile
Premier, Inc, together with its subsidiaries, operates as a healthcare improvement company in the United States. The company operates through two segments, Supply Chain Services and Performance Services. The Supply Chain Services segment offers its members with 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 document shredding services and software-as-a-service informatics products.
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