Insider Selling: Premier Inc (PINC) Director Sells 3,967 Shares of Stock

Premier Inc (NASDAQ:PINC) Director Stephen R. D’arcy sold 3,967 shares of the stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $31.72, for a total value of $125,833.24. Following the sale, the director now owns 11,233 shares in the company, valued at $356,310.76. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Premier Inc (PINC) traded up $0.32 during trading hours on Friday, reaching $31.60. The company’s stock had a trading volume of 1,085,424 shares, compared to its average volume of 776,962. The company has a current ratio of 0.83, a quick ratio of 0.69 and a debt-to-equity ratio of -0.01. The company has a market capitalization of $4,411.24, a PE ratio of -9.69, a PEG ratio of 1.34 and a beta of 0.50. Premier Inc has a twelve month low of $27.16 and a twelve month high of $36.50.

Premier (NASDAQ:PINC) last posted its quarterly earnings results on Monday, February 5th. The company reported $0.50 EPS for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.02. The business had revenue of $411.40 million for the quarter, compared to analysts’ expectations of $393.35 million. Premier had a negative return on equity of 19.94% and a net margin of 14.14%. The business’s quarterly revenue was up 14.8% on a year-over-year basis. During the same period last year, the firm earned $0.46 earnings per share. research analysts forecast that Premier Inc will post 1.97 EPS for the current year.

Several brokerages have commented on PINC. BidaskClub upgraded Premier from a “sell” rating to a “hold” rating in a research note on Tuesday, January 23rd. Piper Jaffray Companies reaffirmed a “hold” rating on shares of Premier in a report on Wednesday. SunTrust Banks reaffirmed a “buy” rating and issued a $38.00 target price on shares of Premier in a report on Thursday. Evercore ISI began coverage on Premier in a report on Thursday, January 18th. They issued an “in-line” rating and a $33.50 target price on the stock. Finally, Benchmark began coverage on Premier in a report on Thursday. They issued a “buy” rating and a $40.00 target price on the stock. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $36.86.

Several hedge funds have recently modified their holdings of the company. UBS Asset Management Americas Inc. increased its holdings in shares of Premier by 10.3% in the fourth quarter. UBS Asset Management Americas Inc. now owns 40,228 shares of the company’s stock worth $1,174,000 after purchasing an additional 3,756 shares during the last quarter. BlackRock Inc. grew its position in Premier by 6.7% in the fourth quarter. BlackRock Inc. now owns 2,614,627 shares of the company’s stock worth $76,321,000 after acquiring an additional 164,968 shares in the last quarter. Wells Fargo & Company MN grew its position in Premier by 12.6% in the fourth quarter. Wells Fargo & Company MN now owns 134,666 shares of the company’s stock worth $3,931,000 after acquiring an additional 15,058 shares in the last quarter. Swiss National Bank grew its position in Premier by 6.7% in the fourth quarter. Swiss National Bank now owns 90,712 shares of the company’s stock worth $2,648,000 after acquiring an additional 5,700 shares in the last quarter. Finally, California Public Employees Retirement System grew its position in Premier by 2.5% in the fourth quarter. California Public Employees Retirement System now owns 113,854 shares of the company’s stock worth $3,323,000 after acquiring an additional 2,743 shares in the last quarter. 39.52% of the stock is currently owned by hedge funds and other institutional investors.

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Premier Company Profile

Premier, Inc is a healthcare improvement company. The Company is uniting an alliance of approximately 3,900 United States hospitals and health systems and approximately 150,000 other providers and 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.

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

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