Press Ganey Holdings Inc. (NYSE:PGND) was downgraded by investment analysts at William Blair from an “outperform” rating to a “market perform” rating in a report released on Monday.

A number of other brokerages have also issued reports on PGND. Wells Fargo & Co. lowered shares of Press Ganey Holdings from an “outperform” rating to a “market perform” rating in a report on Wednesday, August 10th. Avondale Partners lowered shares of Press Ganey Holdings from an “outperform” rating to a “market perform” rating in a report on Wednesday, August 10th. BMO Capital Markets lowered shares of Press Ganey Holdings from an “outperform” rating to a “market perform” rating in a report on Wednesday, August 10th. Leerink Swann reiterated a “market perform” rating on shares of Press Ganey Holdings in a report on Friday, June 24th. Finally, Zacks Investment Research lowered shares of Press Ganey Holdings from a “buy” rating to a “hold” rating in a report on Saturday, August 13th. Nine research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $39.56.

Shares of Press Ganey Holdings (NYSE:PGND) opened at 40.32 on Monday. The stock’s 50 day moving average is $40.38 and its 200 day moving average is $35.19. The firm has a market cap of $2.14 billion, a PE ratio of 78.90 and a beta of 0.99. Press Ganey Holdings has a 12 month low of $23.68 and a 12 month high of $42.09.

Press Ganey Holdings (NYSE:PGND) last posted its earnings results on Monday, August 1st. The company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.03. The firm earned $91.20 million during the quarter, compared to analysts’ expectations of $88.41 million. Press Ganey Holdings had a net margin of 7.92% and a return on equity of 6.21%. Analysts forecast that Press Ganey Holdings will post $1.14 EPS for the current fiscal year.

In other news, insider Joseph P. Greskoviak sold 85,730 shares of the firm’s stock in a transaction that occurred on Tuesday, August 9th. The shares were sold at an average price of $41.04, for a total transaction of $3,518,359.20. Following the completion of the sale, the insider now owns 380,310 shares of the company’s stock, valued at approximately $15,607,922.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Devin J. Anderson sold 37,500 shares of the firm’s stock in a transaction that occurred on Friday, September 2nd. The stock was sold at an average price of $40.29, for a total transaction of $1,510,875.00. Following the sale, the insider now directly owns 179,406 shares of the company’s stock, valued at approximately $7,228,267.74. The disclosure for this sale can be found here. Company insiders own 5.10% of the company’s stock.

Several hedge funds have recently made changes to their positions in PGND. Acrospire Investment Management LLC increased its stake in shares of Press Ganey Holdings by 23.8% in the second quarter. Acrospire Investment Management LLC now owns 2,600 shares of the company’s stock valued at $102,000 after buying an additional 500 shares during the period. Teacher Retirement System of Texas increased its stake in shares of Press Ganey Holdings by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 2,942 shares of the company’s stock valued at $116,000 after buying an additional 357 shares during the period. Legal & General Group Plc bought a new stake in shares of Press Ganey Holdings during the second quarter valued at approximately $124,000. Tower Research Capital LLC TRC increased its stake in shares of Press Ganey Holdings by 3,359.0% in the second quarter. Tower Research Capital LLC TRC now owns 3,459 shares of the company’s stock valued at $136,000 after buying an additional 3,359 shares during the period. Finally, BlackRock Group LTD bought a new stake in shares of Press Ganey Holdings during the first quarter valued at approximately $155,000. 96.61% of the stock is owned by institutional investors.

Press Ganey Holdings Company Profile

Press Ganey Holdings, Inc is a provider of patient experience and caregiver measurement, performance analytics and strategic advisory solutions for healthcare organizations. The Company provides its clients with a digital platform that captures the perspectives of patients, physicians, nurses and other healthcare employees and enables its clients to benchmark, analyze and manage the patient and caregiver experience.

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