Premier, Inc. (NASDAQ:PINC) Shares Purchased by Wellington Management Group LLP

Wellington Management Group LLP raised its stake in shares of Premier, Inc. (NASDAQ:PINCFree Report) by 17.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 203,598 shares of the company’s stock after purchasing an additional 30,399 shares during the period. Wellington Management Group LLP owned 0.17% of Premier worth $4,377,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of PINC. Point72 Asset Management L.P. increased its position in Premier by 73.8% during the second quarter. Point72 Asset Management L.P. now owns 2,423,200 shares of the company’s stock worth $67,026,000 after purchasing an additional 1,028,558 shares during the last quarter. Norges Bank acquired a new position in Premier during the fourth quarter worth approximately $24,419,000. Invenomic Capital Management LP increased its position in Premier by 368.7% during the second quarter. Invenomic Capital Management LP now owns 829,742 shares of the company’s stock worth $22,951,000 after purchasing an additional 652,696 shares during the last quarter. Principal Financial Group Inc. increased its position in Premier by 7,070.1% during the third quarter. Principal Financial Group Inc. now owns 633,188 shares of the company’s stock worth $13,614,000 after purchasing an additional 624,357 shares during the last quarter. Finally, Segall Bryant & Hamill LLC acquired a new position in Premier during the second quarter worth approximately $16,098,000. Institutional investors and hedge funds own 74.41% of the company’s stock.

Premier Trading Up 0.1 %

NASDAQ PINC opened at $21.59 on Wednesday. Premier, Inc. has a 12 month low of $18.89 and a 12 month high of $33.58. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.43 and a quick ratio of 1.32. The company has a market capitalization of $2.59 billion, a price-to-earnings ratio of 15.53, a price-to-earnings-growth ratio of 5.53 and a beta of 0.37. The company’s fifty day moving average price is $21.46 and its two-hundred day moving average price is $21.24.

Premier (NASDAQ:PINCGet Free Report) last posted its quarterly earnings data on Monday, February 5th. The company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.02. Premier had a net margin of 12.71% and a return on equity of 11.60%. The firm had revenue of $334.75 million for the quarter, compared to the consensus estimate of $338.55 million. As a group, research analysts predict that Premier, Inc. will post 1.95 earnings per share for the current fiscal year.

Premier Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a $0.21 dividend. The ex-dividend date was Thursday, February 29th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.89%. Premier’s payout ratio is currently 60.43%.

Analysts Set New Price Targets

Several research firms have recently issued reports on PINC. StockNews.com lowered shares of Premier from a “buy” rating to a “hold” rating in a research report on Wednesday, February 7th. Barclays began coverage on shares of Premier in a research report on Wednesday, January 3rd. They issued an “equal weight” rating and a $22.00 price objective for the company. Leerink Partnrs reissued a “market perform” rating on shares of Premier in a research report on Monday, February 26th. Finally, SVB Leerink began coverage on shares of Premier in a research report on Monday, February 26th. They issued a “market perform” rating and a $22.50 price objective for the company. One analyst has rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $25.15.

Get Our Latest Analysis on Premier

Premier Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Premier (NASDAQ:PINC)

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