Dimensional Fund Advisors LP Purchases 57,745 Shares of Premier, Inc. (NASDAQ:PINC)

Dimensional Fund Advisors LP raised its position in Premier, Inc. (NASDAQ:PINC – Get Rating) by 1.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,423,362 shares of the company’s stock after purchasing an additional 57,745 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Premier were worth $119,748,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Healthcare of Ontario Pension Plan Trust Fund raised its position in Premier by 260.6% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 34,430 shares of the company’s stock valued at $1,169,000 after purchasing an additional 24,881 shares during the last quarter. CAPROCK Group Inc. bought a new stake in Premier in the fourth quarter worth approximately $275,000. LSV Asset Management bought a new stake in Premier in the third quarter worth approximately $98,000. IFP Advisors Inc increased its holdings in Premier by 22.5% in the third quarter. IFP Advisors Inc now owns 2,174 shares of the company’s stock worth $74,000 after purchasing an additional 399 shares in the last quarter. Finally, Aigen Investment Management LP bought a new stake in Premier in the third quarter worth approximately $224,000. 66.93% of the stock is currently owned by institutional investors.

Premier Stock Up 0.2 %

Shares of NASDAQ:PINC opened at $26.72 on Friday. The stock has a market cap of $3.18 billion, a price-to-earnings ratio of 17.35, a PEG ratio of 1.15 and a beta of 0.28. The company has a quick ratio of 0.62, a current ratio of 0.72 and a debt-to-equity ratio of 0.05. Premier, Inc. has a 12-month low of $25.91 and a 12-month high of $38.98. The business’s 50 day moving average is $30.77 and its 200 day moving average is $32.28.

Premier Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st will be given a $0.21 dividend. The ex-dividend date is Wednesday, May 31st. This represents a $0.84 annualized dividend and a yield of 3.14%. Premier’s dividend payout ratio is currently 54.55%.

Wall Street Analyst Weigh In

PINC has been the subject of a number of research analyst reports. Credit Suisse Group upgraded Premier from an “underperform” rating to a “neutral” rating and set a $38.00 target price for the company in a report on Friday, January 27th. Raymond James cut Premier from an “outperform” rating to a “market perform” rating in a research note on Tuesday, May 2nd. StockNews.com started coverage on Premier in a research note on Thursday. They issued a “buy” rating for the company. SVB Leerink reduced their price objective on Premier from $46.00 to $42.00 and set an “outperform” rating for the company in a research note on Wednesday, February 8th. Finally, Barclays reduced their price objective on Premier from $31.00 to $26.00 in a research note on Wednesday, May 3rd. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.22.

Premier Profile

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Premier, Inc engages in the provision of healthcare improvement solutions. It operates through the Supply Chain Services and Performance Services segments. The Supply Chain Services segment includes healthcare group purchasing organization (GPO) programs in the United States, supply chain co-management, and direct sourcing activities.