Press Ganey Holdings Inc. (PGND) Receives “Market Perform” Rating from Raymond James Financial Inc.
Press Ganey Holdings Inc. (NYSE:PGND)‘s stock had its “market perform” rating reiterated by investment analysts at Raymond James Financial Inc. in a report issued on Tuesday.
A number of other research analysts also recently commented on the stock. Canaccord Genuity reaffirmed a “buy” rating on shares of Press Ganey Holdings in a research report on Friday, June 10th. Goldman Sachs Group Inc. downgraded shares of Press Ganey Holdings from a “buy” rating to a “neutral” rating and set a $39.00 target price on the stock. in a research report on Monday, June 20th. They noted that the move was a valuation call. Robert W. Baird reaffirmed an “outperform” rating and issued a $43.00 target price (up from $37.00) on shares of Press Ganey Holdings in a research report on Saturday, June 25th. Leerink Swann reaffirmed a “market perform” rating on shares of Press Ganey Holdings in a research report on Friday, June 24th. Finally, BMO Capital Markets downgraded shares of Press Ganey Holdings from an “outperform” rating to a “market perform” rating in a research report on Wednesday, August 10th. Ten analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Press Ganey Holdings currently has a consensus rating of “Hold” and a consensus target price of $39.56.
Press Ganey Holdings (NYSE:PGND) opened at 40.23 on Tuesday. The stock has a market cap of $2.13 billion, a PE ratio of 78.73 and a beta of 0.99. Press Ganey Holdings has a 12-month low of $23.68 and a 12-month high of $42.09. The firm has a 50-day moving average of $40.43 and a 200-day moving average of $35.52.
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Press Ganey Holdings (NYSE:PGND) last announced its quarterly earnings data on Monday, August 1st. The company reported $0.30 EPS for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.03. Press Ganey Holdings had a net margin of 7.92% and a return on equity of 6.21%. The company had revenue of $91.20 million for the quarter, compared to the consensus estimate of $88.41 million. Equities analysts predict that Press Ganey Holdings will post $1.14 earnings per share for the current fiscal year.
In other news, insider Patricia L. Riskind sold 64,052 shares of the firm’s stock in a transaction on Friday, September 16th. The shares were sold at an average price of $40.38, for a total value of $2,586,419.76. Following the completion of the sale, the insider now owns 129,325 shares in the company, valued at approximately $5,222,143.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Joseph P. Greskoviak sold 85,730 shares of the firm’s stock in a transaction on Tuesday, August 9th. The stock was sold at an average price of $41.04, for a total transaction of $3,518,359.20. Following the completion of the sale, the insider now owns 380,310 shares of the company’s stock, valued at approximately $15,607,922.40. The disclosure for this sale can be found here. 5.10% of the stock is currently owned by insiders.
Hedge funds have recently added to or reduced their stakes in the company. Conestoga Capital Advisors LLC purchased a new stake in Press Ganey Holdings during the second quarter valued at approximately $20,503,000. Westpac Banking Corp bought a new position in shares of Press Ganey Holdings during the second quarter worth about $12,211,000. Columbus Circle Investors bought a new position in shares of Press Ganey Holdings during the second quarter worth about $11,910,000. BlackRock Fund Advisors increased its position in shares of Press Ganey Holdings by 112.4% in the second quarter. BlackRock Fund Advisors now owns 525,577 shares of the company’s stock worth $20,681,000 after buying an additional 278,116 shares in the last quarter. Finally, Lord Abbett & CO. LLC increased its position in shares of Press Ganey Holdings by 20.4% in the second quarter. Lord Abbett & CO. LLC now owns 1,582,671 shares of the company’s stock worth $62,278,000 after buying an additional 267,868 shares in the last quarter. Institutional investors own 96.61% of the company’s stock.
Press Ganey Holdings Company Profile
Press Ganey Holdings, Inc is a provider of patient experience and caregiver measurement, performance analytics and strategic advisory solutions for healthcare organizations. The Company provides its clients with a digital platform that captures the perspectives of patients, physicians, nurses and other healthcare employees and enables its clients to benchmark, analyze and manage the patient and caregiver experience.
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