Sei Investments Co. increased its position in Premier, Inc. (NASDAQ:PINC) by 37.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 41,354 shares of the company’s stock after acquiring an additional 11,192 shares during the quarter. Sei Investments Co.’s holdings in Premier were worth $1,347,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Alps Advisors Inc. increased its holdings in shares of Premier by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 15,462 shares of the company’s stock worth $557,000 after purchasing an additional 40 shares during the period. Advisors Asset Management Inc. increased its holdings in shares of Premier by 1.6% during the 2nd quarter. Advisors Asset Management Inc. now owns 4,461 shares of the company’s stock worth $161,000 after purchasing an additional 72 shares during the period. The Manufacturers Life Insurance Company increased its holdings in shares of Premier by 7.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,373 shares of the company’s stock worth $157,000 after purchasing an additional 315 shares during the period. People s United Financial Inc. increased its holdings in shares of Premier by 4.0% during the 2nd quarter. People s United Financial Inc. now owns 9,728 shares of the company’s stock worth $350,000 after purchasing an additional 372 shares during the period. Finally, Voya Investment Management LLC increased its holdings in shares of Premier by 2.5% during the 2nd quarter. Voya Investment Management LLC now owns 15,889 shares of the company’s stock worth $572,000 after purchasing an additional 382 shares during the period. Hedge funds and other institutional investors own 38.31% of the company’s stock.
PINC has been the topic of several research reports. Jefferies Group restated a “buy” rating and set a $40.00 price objective on shares of Premier in a report on Wednesday, August 9th. Zacks Investment Research upgraded shares of Premier from a “sell” rating to a “hold” rating in a report on Friday, August 18th. William Blair restated an “ourperform” rating on shares of Premier in a report on Tuesday, August 22nd. Piper Jaffray Companies reiterated a “hold” rating on shares of Premier in a research report on Tuesday, August 22nd. Finally, BidaskClub lowered shares of Premier from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 23rd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $38.38.
Shares of Premier, Inc. (PINC) opened at $29.17 on Thursday. Premier, Inc. has a 12-month low of $27.16 and a 12-month high of $36.50. The firm has a market cap of $4,034.45, a PE ratio of 16.15, a PEG ratio of 1.29 and a beta of 0.40.
Premier (NASDAQ:PINC) last issued its earnings results on Monday, November 6th. The company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.05). Premier had a net margin of 17.99% and a negative return on equity of 18.31%. The business had revenue of $390.56 million for the quarter, compared to analyst estimates of $389.56 million. During the same quarter last year, the firm posted $0.41 earnings per share. Premier’s revenue was up 24.7% on a year-over-year basis. equities research analysts expect that Premier, Inc. will post 1.87 EPS for the current year.
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.
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