David Alfred Hargraves Sells 2,015 Shares of Premier Inc (NASDAQ:PINC) Stock

Premier Inc (NASDAQ:PINC) SVP David Alfred Hargraves sold 2,015 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $35.05, for a total value of $70,625.75. Following the sale, the senior vice president now directly owns 22,106 shares of the company’s stock, valued at $774,815.30. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

David Alfred Hargraves also recently made the following trade(s):

  • On Friday, June 14th, David Alfred Hargraves sold 1,037 shares of Premier stock. The stock was sold at an average price of $37.61, for a total value of $39,001.57.

NASDAQ PINC traded down $0.24 on Friday, reaching $34.96. 548,197 shares of the stock traded hands, compared to its average volume of 511,732. The company has a fifty day moving average price of $38.10 and a 200-day moving average price of $36.69. The company has a market cap of $4.44 billion, a price-to-earnings ratio of 15.51, a PEG ratio of 1.25 and a beta of 0.33. Premier Inc has a 12 month low of $31.31 and a 12 month high of $47.22.

Premier (NASDAQ:PINC) last issued its earnings results on Tuesday, August 20th. The company reported $0.57 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.61 by ($0.04). The firm had revenue of $316.20 million for the quarter, compared to the consensus estimate of $426.69 million. Premier had a net margin of 17.30% and a negative return on equity of 29.70%. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period last year, the firm earned $0.70 earnings per share. Equities analysts anticipate that Premier Inc will post 2.66 EPS for the current year.

A number of equities research analysts recently issued reports on the company. Canaccord Genuity set a $36.00 price target on Premier and gave the stock a “hold” rating in a research note on Wednesday, August 21st. Piper Jaffray Companies reissued a “hold” rating on shares of Premier in a research note on Thursday, August 22nd. Zacks Investment Research raised Premier from a “sell” rating to a “hold” rating in a research note on Friday, August 16th. Credit Suisse Group reissued a “neutral” rating and set a $42.00 price target (down from $43.00) on shares of Premier in a research note on Tuesday, August 13th. Finally, BidaskClub lowered Premier from a “hold” rating to a “sell” rating in a research report on Saturday. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $41.29.

Hedge funds and other institutional investors have recently modified their holdings of the business. Royce & Associates LP raised its position in shares of Premier by 48.6% in the 1st quarter. Royce & Associates LP now owns 1,388 shares of the company’s stock worth $48,000 after acquiring an additional 454 shares in the last quarter. Quadrant Capital Group LLC raised its position in shares of Premier by 980.4% in the 1st quarter. Quadrant Capital Group LLC now owns 2,042 shares of the company’s stock worth $68,000 after acquiring an additional 1,853 shares in the last quarter. Financial Gravity Wealth Inc. raised its position in shares of Premier by 401.7% in the 2nd quarter. Financial Gravity Wealth Inc. now owns 2,067 shares of the company’s stock worth $81,000 after acquiring an additional 1,655 shares in the last quarter. Tower Research Capital LLC TRC bought a new position in shares of Premier in the 2nd quarter worth $100,000. Finally, Cambria Investment Management L.P. bought a new position in shares of Premier in the 1st quarter worth $131,000. 50.26% of the stock is owned by institutional investors and hedge funds.

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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