Premier, Inc. (NASDAQ:PINC) Insider Andy Brailo Sells 17,000 Shares of Stock

Premier, Inc. (NASDAQ:PINC) insider Andy Brailo sold 17,000 shares of the business’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $20.41, for a total transaction of $346,970.00. Following the sale, the insider now directly owns 87,410 shares in the company, valued at approximately $1,784,038.10. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Andy Brailo also recently made the following trade(s):

• On Friday, September 6th, Andy Brailo sold 4,390 shares of Premier stock. The shares were sold at an average price of $20.51, for a total transaction of $90,038.90.

Premier Stock Up 0.8 %

PINC opened at $19.86 on Wednesday. The stock has a market cap of $1.99 billion, a PE ratio of 31.03, a P/E/G ratio of 9.82 and a beta of 0.40. Premier, Inc. has a 52 week low of $17.95 and a 52 week high of $23.24. The business’s fifty day simple moving average is $19.84 and its 200 day simple moving average is $20.06.

Premier (NASDAQ:PINC) last released its earnings results on Tuesday, August 20th. The company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.25. The business had revenue of $350.30 million for the quarter, compared to analysts’ expectations of $308.88 million. Premier had a return on equity of 11.69% and a net margin of 8.88%. The firm’s revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.70 earnings per share. As a group, equities analysts anticipate that Premier, Inc. will post 1.02 earnings per share for the current year.

Premier Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, September 15th. Investors of record on Sunday, September 1st will be paid a $0.21 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.84 dividend on an annualized basis and a yield of 4.23%. Premier’s dividend payout ratio is presently 131.25%.

Institutional Trading of Premier

Several institutional investors have recently added to or reduced their stakes in PINC. Van ECK Associates Corp boosted its position in Premier by 22.4% during the fourth quarter. Van ECK Associates Corp now owns 3,289 shares of the company’s stock valued at $74,000 after buying an additional 601 shares during the period. Natixis Advisors L.P. boosted its position in Premier by 10.8% during the fourth quarter. Natixis Advisors L.P. now owns 19,504 shares of the company’s stock valued at $436,000 after buying an additional 1,901 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Premier by 10.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,413,931 shares of the company’s stock valued at $31,615,000 after buying an additional 129,813 shares during the period. Teacher Retirement System of Texas boosted its position in Premier by 41.9% during the fourth quarter. Teacher Retirement System of Texas now owns 59,954 shares of the company’s stock valued at $1,341,000 after buying an additional 17,694 shares during the period. Finally, Vanguard Personalized Indexing Management LLC boosted its position in Premier by 39.7% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 14,452 shares of the company’s stock valued at $323,000 after buying an additional 4,104 shares during the period. 74.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. decreased their price target on shares of Premier from $21.00 to $19.00 and set a “neutral” rating on the stock in a report on Monday. Canaccord Genuity Group decreased their price target on shares of Premier from $21.00 to $20.00 and set a “hold” rating on the stock in a report on Wednesday, August 21st. Benchmark cut shares of Premier from a “buy” rating to a “hold” rating in a report on Monday, August 26th. Robert W. Baird decreased their price target on shares of Premier from $22.00 to $19.00 and set a “neutral” rating on the stock in a report on Wednesday, August 21st. Finally, StockNews.com cut shares of Premier from a “buy” rating to a “hold” rating in a report on Monday, September 2nd. Ten research analysts have rated the stock with a hold rating, According to data from MarketBeat, Premier presently has an average rating of “Hold” and a consensus price target of $21.94.

About Premier

Premier, Inc, together with its subsidiaries, operates as a healthcare improvement company in the United States. It operates in two segments, Supply Chain Services and Performance Services. The Supply Chain Services segment offers its members with an 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 workforce solutions.