Andy Brailo Sells 7,458 Shares of Premier, Inc. (NASDAQ:PINC) Stock

Premier, Inc. (NASDAQ:PINC) insider Andy Brailo sold 7,458 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $19.33, for a total value of $144,163.14. Following the completion of the transaction, the insider now directly owns 111,745 shares of the company’s stock, valued at $2,160,030.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Monday, May 20th, Andy Brailo sold 8,331 shares of Premier stock. The shares were sold at an average price of $19.64, for a total value of $163,620.84.

Premier Price Performance

Premier stock opened at $18.99 on Friday. The firm has a market capitalization of $1.99 billion, a P/E ratio of 29.67, a PEG ratio of 6.38 and a beta of 0.39. Premier, Inc. has a one year low of $18.65 and a one year high of $28.30. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.93 and a quick ratio of 0.82. The business has a fifty day moving average price of $20.75 and a 200-day moving average price of $21.22.

Premier Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Saturday, June 15th. Shareholders of record on Saturday, June 1st will be paid a $0.21 dividend. The ex-dividend date is Friday, May 31st. This represents a $0.84 annualized dividend and a yield of 4.42%. Premier’s dividend payout ratio is currently 131.25%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in PINC. Yousif Capital Management LLC bought a new position in shares of Premier in the third quarter valued at approximately $1,278,000. Teacher Retirement System of Texas boosted its holdings in Premier by 69.7% in the 3rd quarter. Teacher Retirement System of Texas now owns 42,260 shares of the company’s stock valued at $909,000 after purchasing an additional 17,356 shares during the period. Principal Financial Group Inc. grew its position in shares of Premier by 7,070.1% during the 3rd quarter. Principal Financial Group Inc. now owns 633,188 shares of the company’s stock valued at $13,614,000 after purchasing an additional 624,357 shares in the last quarter. California Public Employees Retirement System increased its holdings in shares of Premier by 17.7% in the third quarter. California Public Employees Retirement System now owns 715,841 shares of the company’s stock worth $15,391,000 after purchasing an additional 107,757 shares during the period. Finally, Signaturefd LLC boosted its stake in Premier by 29.5% during the third quarter. Signaturefd LLC now owns 5,106 shares of the company’s stock valued at $110,000 after buying an additional 1,162 shares during the period. Hedge funds and other institutional investors own 74.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on PINC shares. SVB Leerink initiated coverage on Premier in a research note on Monday, February 26th. They set a “market perform” rating and a $22.50 target price on the stock. StockNews.com raised shares of Premier from a “hold” rating to a “buy” rating in a research report on Thursday, May 9th. Canaccord Genuity Group reissued a “hold” rating and set a $21.00 target price (down from $27.00) on shares of Premier in a research report on Wednesday, May 8th. Piper Sandler lowered their price target on shares of Premier from $24.00 to $22.00 and set a “neutral” rating on the stock in a report on Wednesday, May 8th. Finally, Robert W. Baird dropped their price objective on Premier from $25.00 to $22.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 8th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $23.50.

Premier Company Profile

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.