Unigestion Holding SA lessened its position in Premier Inc (NASDAQ:PINC) by 9.8% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 128,823 shares of the company’s stock after selling 14,000 shares during the period. Unigestion Holding SA owned approximately 0.10% of Premier worth $5,898,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of PINC. Royal Bank of Canada raised its holdings in shares of Premier by 45.6% during the first quarter. Royal Bank of Canada now owns 27,130 shares of the company’s stock valued at $849,000 after purchasing an additional 8,502 shares during the last quarter. Xact Kapitalforvaltning AB raised its holdings in shares of Premier by 28.2% during the first quarter. Xact Kapitalforvaltning AB now owns 9,095 shares of the company’s stock valued at $285,000 after purchasing an additional 2,000 shares during the last quarter. Allianz Asset Management GmbH purchased a new position in shares of Premier during the first quarter valued at approximately $474,000. State of Alaska Department of Revenue raised its holdings in shares of Premier by 34.5% during the second quarter. State of Alaska Department of Revenue now owns 6,280 shares of the company’s stock valued at $227,000 after purchasing an additional 1,610 shares during the last quarter. Finally, Raymond James Trust N.A. purchased a new position in shares of Premier during the second quarter valued at approximately $207,000. 42.26% of the stock is currently owned by institutional investors.
PINC has been the subject of several research reports. Canaccord Genuity cut shares of Premier from a “buy” rating to a “hold” rating and set a $43.00 price objective for the company. in a report on Tuesday, August 14th. They noted that the move was a valuation call. BidaskClub raised shares of Premier from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 15th. Zacks Investment Research raised shares of Premier from a “sell” rating to a “hold” rating in a report on Saturday, August 18th. Piper Jaffray Companies boosted their price objective on shares of Premier from $32.00 to $40.00 and gave the company a “neutral” rating in a report on Tuesday, August 21st. Finally, Oppenheimer boosted their price objective on shares of Premier to $48.00 and gave the company an “outperform” rating in a report on Tuesday, August 21st. Nine equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $41.68.
In related news, Director William E. Mayer sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, August 23rd. The shares were sold at an average price of $43.35, for a total transaction of $130,050.00. Following the completion of the sale, the director now directly owns 14,587 shares in the company, valued at $632,346.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Craig S. Mckasson sold 6,250 shares of the business’s stock in a transaction that occurred on Friday, August 24th. The shares were sold at an average price of $43.09, for a total transaction of $269,312.50. Following the sale, the chief financial officer now owns 90,184 shares of the company’s stock, valued at $3,886,028.56. The disclosure for this sale can be found here. Insiders have sold 15,656 shares of company stock valued at $684,386 over the last 90 days. 18.30% of the stock is currently owned by company insiders.
Shares of NASDAQ PINC opened at $41.37 on Friday. The company has a market cap of $5.57 billion, a P/E ratio of 18.97, a price-to-earnings-growth ratio of 1.45 and a beta of 0.55. Premier Inc has a 12-month low of $27.16 and a 12-month high of $47.22.
Premier (NASDAQ:PINC) last announced its earnings results on Tuesday, November 6th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.05. The company had revenue of $401.60 million during the quarter, compared to analyst estimates of $412.79 million. Premier had a net margin of 32.31% and a negative return on equity of 27.57%. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.44 earnings per share. On average, equities analysts predict that Premier Inc will post 2.48 EPS for the current fiscal year.
Premier, Inc, together with its subsidiaries, operates as a healthcare improvement company in the United States. The company operates through two segments, Supply Chain Services and Performance Services. The Supply Chain Services segment offers its members with 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 document shredding services and software-as-a-service informatics products.
Featured Story: Price to Earnings Ratio (PE)
Want to see what other hedge funds are holding PINC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Premier Inc (NASDAQ:PINC).
Receive News & Ratings for Premier Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Premier and related companies with MarketBeat.com's FREE daily email newsletter.