Premier (NASDAQ:PINC) has received a consensus rating of “Buy” from the sixteen brokerages that are presently covering the firm, Marketbeat Ratings reports. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $37.05.
Several research firms have commented on PINC. Zacks Investment Research cut shares of Premier from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 14th. SunTrust Banks reiterated a “buy” rating and set a $38.00 price target on shares of Premier in a report on Thursday, February 8th. BidaskClub upgraded shares of Premier from a “strong sell” rating to a “sell” rating in a report on Thursday, January 11th. Benchmark began coverage on shares of Premier in a report on Thursday, February 8th. They set a “buy” rating and a $40.00 price target for the company. Finally, Piper Jaffray reiterated a “hold” rating on shares of Premier in a report on Wednesday, February 7th.
Shares of PINC stock traded down $0.03 during trading on Monday, reaching $31.31. The company’s stock had a trading volume of 216,602 shares, compared to its average volume of 542,055. The company has a debt-to-equity ratio of -0.01, a quick ratio of 0.71 and a current ratio of 0.83. The stock has a market capitalization of $4,248.48, a P/E ratio of 17.20, a price-to-earnings-growth ratio of 1.20 and a beta of 0.45. Premier has a 1-year low of $27.16 and a 1-year high of $36.50.
In other news, Director Stephen R. D’arcy sold 3,967 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $31.72, for a total transaction of $125,833.24. Following the completion of the sale, the director now owns 11,233 shares in the company, valued at approximately $356,310.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Leigh Anderson sold 1,177 shares of the business’s stock in a transaction that occurred on Friday, March 23rd. The stock was sold at an average price of $31.85, for a total transaction of $37,487.45. Following the sale, the senior vice president now owns 10,784 shares of the company’s stock, valued at approximately $343,470.40. The disclosure for this sale can be found here. Insiders have sold a total of 55,394 shares of company stock valued at $1,815,003 in the last quarter. 17.52% of the stock is currently owned by company insiders.
Several large investors have recently modified their holdings of PINC. APG Asset Management N.V. lifted its position in shares of Premier by 214.8% during the 4th quarter. APG Asset Management N.V. now owns 1,227,900 shares of the company’s stock worth $29,849,000 after buying an additional 837,800 shares during the last quarter. Rice Hall James & Associates LLC lifted its position in shares of Premier by 83.0% during the 4th quarter. Rice Hall James & Associates LLC now owns 1,068,282 shares of the company’s stock worth $31,183,000 after buying an additional 484,433 shares during the last quarter. OppenheimerFunds Inc. purchased a new stake in shares of Premier during the 4th quarter worth approximately $13,520,000. Peregrine Capital Management LLC purchased a new stake in shares of Premier during the 4th quarter worth approximately $9,590,000. Finally, Kennedy Capital Management Inc. lifted its position in shares of Premier by 70.8% during the 4th quarter. Kennedy Capital Management Inc. now owns 721,572 shares of the company’s stock worth $21,063,000 after buying an additional 299,073 shares during the last quarter. Institutional investors and hedge funds own 42.91% of the company’s stock.
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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