Premier Inc (PINC) Insider Sells $374,530.00 in Stock

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

Premier Inc (NASDAQ:PINC) traded down 0.29% during trading on Friday, hitting $34.82. The company had a trading volume of 150,787 shares. Premier Inc has a 1-year low of $28.27 and a 1-year high of $35.06. The stock has a market capitalization of $1.80 billion, a price-to-earnings ratio of 16.42 and a beta of 0.50. The company’s 50 day moving average price is $33.72 and its 200-day moving average price is $31.68.

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

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

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A number of research firms have recently weighed in on PINC. Evercore ISI downgraded Premier from a “hold” rating to an “underperform” rating in a report on Friday, March 3rd. Zacks Investment Research downgraded Premier from a “buy” rating to a “hold” rating in a research note on Friday, May 12th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $40.00 price target on shares of Premier in a research note on Thursday, April 13th. William Blair reaffirmed an “outperform” rating on shares of Premier in a research note on Tuesday, February 7th. Finally, Oppenheimer Holdings Inc. set a $40.00 price target on Premier and gave the company a “buy” rating in a research note on Tuesday, February 7th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have issued a buy rating to the company. Premier presently has an average rating of “Buy” and a consensus target price of $38.55.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. boosted its position in 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 in 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 worth $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 worth $166,000 after buying an additional 354 shares in the last quarter. Investment Counselors of Maryland LLC acquired a new position in Premier during the first quarter worth approximately $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 worth $230,000 after buying an additional 420 shares in the last quarter. 96.70% of the stock is currently owned by hedge funds and other institutional investors.

About Premier

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.

12 Month Chart for NASDAQ:PINC

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