Benchmark initiated coverage on shares of Premier (NASDAQ:PINC) in a report released on Thursday morning, Marketbeat Ratings reports. The firm issued a buy rating and a $40.00 price objective on the stock.
Several other analysts also recently commented on PINC. Piper Jaffray Companies reiterated a hold rating on shares of Premier in a research report on Wednesday. William Blair reiterated an outperform rating on shares of Premier in a research report on Tuesday, February 6th. Zacks Investment Research upgraded shares of Premier from a hold rating to a buy rating and set a $33.00 price target for the company in a research report on Wednesday, January 10th. BidaskClub upgraded shares of Premier from a strong sell rating to a sell rating in a research report on Thursday, January 11th. Finally, Evercore ISI began coverage on shares of Premier in a research report on Thursday, January 18th. They issued an in-line rating and a $33.50 price target for the company. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average price target of $36.86.
Shares of Premier (PINC) opened at $31.60 on Thursday. Premier has a 12-month low of $27.16 and a 12-month high of $36.50. The company has a market cap of $4,409.84, a price-to-earnings ratio of -9.69, a P/E/G ratio of 1.27 and a beta of 0.50. The company has a debt-to-equity ratio of -0.01, a current ratio of 0.83 and a quick ratio of 0.69.
In other Premier news, Director Stephen R. D’arcy sold 3,967 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $31.72, for a total value of $125,833.24. Following the transaction, the director now directly owns 11,233 shares of the company’s stock, valued at approximately $356,310.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 17.52% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in PINC. APG Asset Management N.V. increased its stake in Premier by 214.8% in the 4th quarter. APG Asset Management N.V. now owns 1,227,900 shares of the company’s stock valued at $29,849,000 after buying an additional 837,800 shares during the period. Janus Henderson Group PLC acquired a new position in Premier in the 2nd quarter valued at $25,285,000. Rice Hall James & Associates LLC increased its stake in Premier by 83.0% in the 4th quarter. Rice Hall James & Associates LLC now owns 1,068,282 shares of the company’s stock valued at $31,183,000 after buying an additional 484,433 shares during the period. First Trust Advisors LP increased its stake in Premier by 130.2% in the 3rd quarter. First Trust Advisors LP now owns 658,789 shares of the company’s stock valued at $21,457,000 after buying an additional 372,650 shares during the period. Finally, Peregrine Capital Management LLC acquired a new position in Premier in the 4th quarter valued at $9,590,000. 39.52% of the stock is currently owned by institutional investors.
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Premier, Inc is a healthcare improvement company. The Company is uniting an alliance of approximately 3,900 United States hospitals and health systems and approximately 150,000 other providers and organizations to transform healthcare. The Company operates healthcare group purchasing organizations and also provides integrated data and analytics, supply chain solutions, advisory services, performance improvement collaborative and other services.
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