Premier Inc (NASDAQ:PINC) Director Stephen R. D’arcy sold 3,733 shares of the company’s stock in a transaction dated Friday, February 8th. The stock was sold at an average price of $36.90, for a total value of $137,747.70. Following the completion of the transaction, the director now owns 10,676 shares of the company’s stock, valued at $393,944.40. The transaction was disclosed in a filing with the SEC, which is available at this link.
PINC stock traded down $0.38 during trading on Monday, hitting $36.57. 752,428 shares of the company traded hands, compared to its average volume of 758,705. The stock has a market capitalization of $4.93 billion, a PE ratio of 52.24, a P/E/G ratio of 1.34 and a beta of 0.50. Premier Inc has a 1 year low of $28.81 and a 1 year high of $47.22.
Premier (NASDAQ:PINC) last released its quarterly earnings results on Tuesday, February 5th. The company reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.08. The business had revenue of $421.86 million during the quarter, compared to analyst estimates of $417.09 million. Premier had a negative return on equity of 25.06% and a net margin of 21.63%. Premier’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.50 EPS. Research analysts anticipate that Premier Inc will post 2.44 EPS for the current fiscal year.
Separately, Zacks Investment Research upgraded Premier from a “sell” rating to a “hold” rating in a report on Wednesday, December 19th. One analyst has rated the stock with a sell rating, six have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $44.17.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in PINC. Cutler Group LP raised its position in shares of Premier by 98.0% in the 4th quarter. Cutler Group LP now owns 792 shares of the company’s stock worth $29,000 after acquiring an additional 392 shares in the last quarter. CENTRAL TRUST Co grew its stake in shares of Premier by 15.4% in the 4th quarter. CENTRAL TRUST Co now owns 3,775 shares of the company’s stock worth $141,000 after buying an additional 505 shares during the last quarter. Csenge Advisory Group purchased a new stake in shares of Premier in the 3rd quarter worth approximately $25,000. Strs Ohio grew its stake in shares of Premier by 5.1% in the 4th quarter. Strs Ohio now owns 14,967 shares of the company’s stock worth $559,000 after buying an additional 728 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. grew its stake in shares of Premier by 3.9% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 21,410 shares of the company’s stock worth $800,000 after buying an additional 795 shares during the last quarter. 41.74% of the stock is owned by institutional investors and hedge funds.
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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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