Premier, Inc. (NASDAQ:PINC) Stock Holdings Lowered by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC trimmed its holdings in shares of Premier, Inc. (NASDAQ:PINC) by 5.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 23,610 shares of the company’s stock after selling 1,457 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Premier were worth $501,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. SRS Capital Advisors Inc. lifted its stake in Premier by 157.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,284 shares of the company’s stock valued at $27,000 after buying an additional 786 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Premier by 297.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,906 shares of the company’s stock valued at $40,000 after acquiring an additional 1,427 shares during the period. Van ECK Associates Corp raised its holdings in shares of Premier by 28.0% during the fourth quarter. Van ECK Associates Corp now owns 2,041 shares of the company’s stock valued at $43,000 after acquiring an additional 446 shares during the period. Aster Capital Management DIFC Ltd purchased a new stake in shares of Premier in the 4th quarter valued at approximately $52,000. Finally, New Age Alpha Advisors LLC acquired a new position in Premier in the 4th quarter worth approximately $82,000. 74.41% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on PINC shares. Canaccord Genuity Group increased their price objective on Premier from $19.00 to $22.00 and gave the stock a “hold” rating in a research note on Thursday, May 8th. Piper Sandler upped their target price on Premier from $19.00 to $24.00 and gave the company a “neutral” rating in a report on Wednesday, May 21st. Finally, Robert W. Baird increased their price target on shares of Premier from $19.00 to $22.00 and gave the stock a “neutral” rating in a research report on Thursday, May 15th. Seven analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Premier presently has an average rating of “Hold” and an average price target of $22.20.

Insider Activity at Premier

In other Premier news, General Counsel David L. Klatsky sold 10,000 shares of the stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $19.53, for a total value of $195,300.00. Following the transaction, the general counsel now directly owns 90,597 shares in the company, valued at approximately $1,769,359.41. This trade represents a 9.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Helen M. Boudreau sold 2,000 shares of the company’s stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $22.88, for a total transaction of $45,760.00. Following the transaction, the director now owns 18,668 shares in the company, valued at approximately $427,123.84. The trade was a 9.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 24,119 shares of company stock valued at $516,976 in the last ninety days. Insiders own 0.96% of the company’s stock.

Premier Stock Up 0.1%

NASDAQ PINC opened at $22.53 on Friday. Premier, Inc. has a twelve month low of $17.23 and a twelve month high of $23.56. The stock has a market cap of $1.86 billion, a P/E ratio of -225.28 and a beta of 0.57. The company’s 50-day simple moving average is $21.54 and its 200 day simple moving average is $20.74.

Premier Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, June 15th. Investors of record on Sunday, June 1st will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.73%. The ex-dividend date is Friday, May 30th. Premier’s dividend payout ratio (DPR) is currently 147.37%.

Premier 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.