Press Ganey Holdings Inc. (NYSE:PGND) Receives Average Recommendation of “Hold” from Analysts
Shares of Press Ganey Holdings Inc. (NYSE:PGND) have been assigned an average recommendation of “Hold” from the twelve brokerages that are currently covering the stock. Ten research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $39.63.
PGND has been the topic of several recent research reports. Goldman Sachs Group Inc. lowered Press Ganey Holdings from a “buy” rating to a “neutral” rating and set a $39.00 price objective on the stock. in a research report on Monday, June 20th. They noted that the move was a valuation call. Avondale Partners lowered Press Ganey Holdings from an “outperform” rating to a “market perform” rating in a research report on Wednesday, August 10th. BMO Capital Markets lowered Press Ganey Holdings from an “outperform” rating to a “market perform” rating in a research report on Wednesday, August 10th. Robert W. Baird restated an “outperform” rating and set a $43.00 price target (up from $37.00) on shares of Press Ganey Holdings in a research report on Saturday, June 25th. Finally, Raymond James Financial Inc. restated a “market perform” rating on shares of Press Ganey Holdings in a research report on Tuesday.
Press Ganey Holdings (NYSE:PGND) traded up 0.22% during midday trading on Wednesday, hitting $40.35. The stock had a trading volume of 266,160 shares. Press Ganey Holdings has a 12 month low of $23.68 and a 12 month high of $42.09. The firm’s 50-day moving average price is $40.44 and its 200 day moving average price is $35.60. The company has a market cap of $2.14 billion, a P/E ratio of 78.96 and a beta of 0.99.
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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 consensus estimate of $0.27 by $0.03. The firm had revenue of $91.20 million for the quarter, compared to analyst estimates of $88.41 million. Press Ganey Holdings had a return on equity of 6.21% and a net margin of 7.92%. On average, analysts expect 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 that occurred on Friday, September 16th. The stock was sold at an average price of $40.38, for a total value of $2,586,419.76. Following the completion of the transaction, 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 SEC, which is available at the SEC website. Also, insider Joseph P. Greskoviak sold 85,730 shares of the firm’s stock in a transaction that occurred on Tuesday, August 9th. The shares were sold at an average price of $41.04, for a total value of $3,518,359.20. Following the completion of the transaction, 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 owned by company insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. American Century Companies Inc. boosted its position in Press Ganey Holdings by 5.3% in the second quarter. American Century Companies Inc. now owns 105,276 shares of the company’s stock worth $4,143,000 after buying an additional 5,269 shares during the last quarter. Strs Ohio purchased a new position in Press Ganey Holdings during the second quarter worth approximately $873,000. RS Investment Management Co. LLC purchased a new position in Press Ganey Holdings during the second quarter worth approximately $8,815,000. Conestoga Capital Advisors LLC purchased a new position in Press Ganey Holdings during the second quarter worth approximately $20,503,000. Finally, Mitra Capital LLC purchased a new position in Press Ganey Holdings during the first quarter worth approximately $688,000. Institutional investors own 91.97% 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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