Premier Inc (PINC) Insider Sells $10,533.75 in Stock

Premier Inc (NASDAQ:PINC) insider Leigh Anderson sold 265 shares of Premier stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $39.75, for a total transaction of $10,533.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Leigh Anderson also recently made the following trade(s):

  • On Monday, September 17th, Leigh Anderson sold 1,923 shares of Premier stock. The shares were sold at an average price of $43.26, for a total transaction of $83,188.98.

PINC stock traded down $1.12 during midday trading on Tuesday, reaching $39.04. 1,308,900 shares of the company’s stock traded hands, compared to its average volume of 704,487. The firm has a market capitalization of $5.29 billion, a PE ratio of 55.77, a price-to-earnings-growth ratio of 1.38 and a beta of 0.51. Premier Inc has a 52 week low of $28.59 and a 52 week high of $47.22.

Premier (NASDAQ:PINC) last announced its quarterly earnings results on Tuesday, November 6th. The company reported $0.65 EPS for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.05. The business had revenue of $401.60 million during the quarter, compared to analyst estimates of $412.79 million. Premier had a net margin of 32.31% and a negative return on equity of 23.61%. Premier’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.44 EPS. Research analysts anticipate that Premier Inc will post 2.46 EPS for the current year.

Several research firms have recently weighed in on PINC. Zacks Investment Research lowered shares of Premier from a “buy” rating to a “hold” rating in a research note on Thursday, November 1st. Canaccord Genuity lifted their price objective on shares of Premier from $38.00 to $42.00 and gave the company a “hold” rating in a research note on Wednesday, August 22nd. BidaskClub upgraded shares of Premier from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 15th. Benchmark reiterated a “buy” rating and issued a $50.00 price objective (up previously from $40.00) on shares of Premier in a research note on Wednesday, August 22nd. Finally, Leerink Swann set a $55.00 price objective on shares of Premier and gave the company a “buy” rating in a research note on Wednesday, August 22nd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $42.19.

A number of hedge funds have recently made changes to their positions in PINC. Renaissance Technologies LLC increased its stake in Premier by 1,599.8% during the 3rd quarter. Renaissance Technologies LLC now owns 1,290,171 shares of the company’s stock valued at $59,064,000 after purchasing an additional 1,214,271 shares in the last quarter. Laurion Capital Management LP bought a new stake in Premier during the 2nd quarter valued at $20,373,000. Deutsche Bank AG increased its stake in Premier by 224.4% during the 3rd quarter. Deutsche Bank AG now owns 516,120 shares of the company’s stock valued at $23,626,000 after purchasing an additional 357,040 shares in the last quarter. First Trust Advisors LP increased its stake in Premier by 51.8% during the 3rd quarter. First Trust Advisors LP now owns 919,467 shares of the company’s stock valued at $42,093,000 after purchasing an additional 313,837 shares in the last quarter. Finally, Panagora Asset Management Inc. increased its stake in Premier by 143.9% during the 3rd quarter. Panagora Asset Management Inc. now owns 494,990 shares of the company’s stock valued at $22,661,000 after purchasing an additional 292,071 shares in the last quarter. Institutional investors and hedge funds own 41.63% of the company’s stock.

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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.

See Also: Why do companies issue stock splits?

Insider Buying and Selling by Quarter for Premier (NASDAQ:PINC)

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