Premier Inc (NASDAQ:PINC) insider Craig S. Mckasson sold 10,750 shares of the firm’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $34.84, for a total transaction of $374,530.00. Following the completion of the sale, the insider now owns 74,505 shares of the company’s stock, valued at $2,595,754.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Premier Inc (NASDAQ:PINC) traded down 0.37% on Monday, hitting $34.73. 584,508 shares of the company were exchanged. The company has a 50 day moving average price of $32.88 and a 200-day moving average price of $31.44. The stock has a market capitalization of $1.76 billion, a P/E ratio of 16.37 and a beta of 0.50. Premier Inc has a 52 week low of $28.27 and a 52 week high of $35.06.

Premier (NASDAQ:PINC) last announced its quarterly earnings results on Monday, May 8th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.05. The company had revenue of $379.80 million for the quarter, compared to analysts’ expectations of $401.71 million. Premier had a net margin of 63.27% and a negative return on equity of 11.92%. Premier’s revenue was up 27.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.44 EPS. On average, equities analysts expect that Premier Inc will post $1.91 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for Premier (NASDAQ:PINC)

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A number of equities research analysts have commented on PINC shares. Zacks Investment Research upgraded shares of Premier from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a report on Tuesday, April 11th. Bank of America Corp raised shares of Premier from an “underperform” rating to a “buy” rating and set a $37.00 price objective on the stock in a research note on Tuesday, March 28th. Oppenheimer Holdings Inc. set a $40.00 price objective on shares of Premier and gave the company a “buy” rating in a research note on Tuesday, February 7th. William Blair reaffirmed an “outperform” rating on shares of Premier in a research note on Tuesday, February 7th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $40.00 price objective on shares of Premier in a research note on Thursday, April 13th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have issued a buy rating to the company. Premier has a consensus rating of “Buy” and an average price target of $38.36.

Institutional investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. boosted its position in shares of Premier by 4.2% in the first quarter. PNC Financial Services Group Inc. now owns 3,664 shares of the company’s stock worth $117,000 after buying an additional 149 shares during the last quarter. Advisors Asset Management Inc. boosted its position in Premier by 49.8% in the first quarter. Advisors Asset Management Inc. now owns 4,389 shares of the company’s stock valued at $140,000 after buying an additional 1,459 shares in the last quarter. Pacer Advisors Inc. boosted its position in Premier by 7.4% in the third quarter. Pacer Advisors Inc. now owns 5,148 shares of the company’s stock valued at $166,000 after buying an additional 354 shares in the last quarter. Investment Counselors of Maryland LLC bought a new position in Premier during the first quarter valued at about $166,000. Finally, BOKF NA boosted its position in Premier by 6.3% in the third quarter. BOKF NA now owns 7,115 shares of the company’s stock valued at $230,000 after buying an additional 420 shares in the last quarter. Institutional investors own 96.70% of the company’s stock.

Premier Company Profile

Premier, Inc is a healthcare improvement company. The Company is uniting an alliance of approximately 3,750 United States hospitals and more than 130,000 other provider organizations to transform healthcare. The Company operates healthcare group purchasing organizations and also provides integrated data and analytics, supply chain solutions, advisory services, performance improvement collaborative and other services.

5 Day Chart for NASDAQ:PINC

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