Press Ganey Holdings Inc. (PGND) Raised to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Press Ganey Holdings Inc. (NYSE:PGND) from a sell rating to a hold rating in a research note issued to investors on Wednesday morning.

According to Zacks, “Press Ganey Holdings, Inc. offers technology solutions which include patient experience solutions, physician, nurse and employee alignment and engagement; clinical and quality solutions as well as consulting services. It offers services to hospitals, medical practices and other healthcare providers. Press Ganey Holdings, Inc. is based in Wakefield, MA. “

Several other brokerages have also issued reports on PGND. Goldman Sachs Group Inc. lowered Press Ganey Holdings from a buy rating to a neutral rating and set a $39.00 price target on the stock. in a research note on Monday, June 20th. They noted that the move was a valuation call. Avondale Partners lowered Press Ganey Holdings from an outperform rating to a market perform rating in a research note on Wednesday, August 10th. BMO Capital Markets lowered Press Ganey Holdings from an outperform rating to a market perform rating in a research note on Wednesday, August 10th. Robert W. Baird reiterated an outperform rating and issued a $43.00 price target (up previously from $37.00) on shares of Press Ganey Holdings in a research note on Saturday, June 25th. Finally, Raymond James Financial Inc. reiterated a market perform rating on shares of Press Ganey Holdings in a research note on Tuesday, September 20th. Ten research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $40.93.

Analyst Recommendations for Press Ganey Holdings (NYSE:PGND)

Press Ganey Holdings (NYSE:PGND) opened at 40.46 on Wednesday. Press Ganey Holdings has a 1-year low of $23.68 and a 1-year high of $42.09. The firm has a 50-day moving average price of $40.41 and a 200 day moving average price of $37.14. The firm has a market cap of $2.15 billion, a price-to-earnings ratio of 79.18 and a beta of 0.99.

Press Ganey Holdings (NYSE:PGND) last issued its quarterly earnings results on Monday, August 1st. The company reported $0.30 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.03. Press Ganey Holdings had a return on equity of 6.21% and a net margin of 7.92%. The company had revenue of $91.20 million for the quarter, compared to analyst estimates of $88.41 million. Equities analysts predict that Press Ganey Holdings will post $1.14 earnings per share for the current year.

In related news, insider Patricia L. Riskind sold 35,948 shares of the business’s stock in a transaction on Monday, September 19th. The stock was sold at an average price of $40.22, for a total transaction of $1,445,828.56. Following the sale, the insider now owns 77,434 shares in the company, valued at approximately $3,114,395.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Devin J. Anderson sold 37,500 shares of the business’s stock in a transaction on Friday, September 2nd. The stock was sold at an average price of $40.29, for a total value of $1,510,875.00. Following the sale, the insider now owns 179,406 shares in the company, valued at approximately $7,228,267.74. The disclosure for this sale can be found here. Corporate insiders own 5.10% of the company’s stock.

A number of large investors have recently modified their holdings of PGND. Goldman Sachs Group Inc. increased its position in shares of Press Ganey Holdings by 3.1% in the first quarter. Goldman Sachs Group Inc. now owns 2,015,472 shares of the company’s stock valued at $60,626,000 after buying an additional 60,255 shares during the last quarter. Lord Abbett & CO. LLC increased its position in shares of Press Ganey Holdings by 20.4% in the second quarter. Lord Abbett & CO. LLC now owns 1,582,671 shares of the company’s stock valued at $62,278,000 after buying an additional 267,868 shares during the last quarter. TimesSquare Capital Management LLC increased its position in shares of Press Ganey Holdings by 2.0% in the first quarter. TimesSquare Capital Management LLC now owns 1,392,365 shares of the company’s stock valued at $41,882,000 after buying an additional 27,335 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Press Ganey Holdings by 18.0% in the second quarter. Vanguard Group Inc. now owns 1,382,818 shares of the company’s stock valued at $54,413,000 after buying an additional 210,643 shares during the last quarter. Finally, Blair William & Co. IL increased its position in shares of Press Ganey Holdings by 4.1% in the second quarter. Blair William & Co. IL now owns 1,127,819 shares of the company’s stock valued at $44,380,000 after buying an additional 44,919 shares during the last quarter. Institutional investors and hedge funds own 91.85% of the company’s stock.

Press Ganey Holdings Company Profile

Press Ganey Holdings, Inc is a provider of patient experience and caregiver measurement, performance analytics and strategic advisory solutions for healthcare organizations. The Company provides its clients with a digital platform that captures the perspectives of patients, physicians, nurses and other healthcare employees and enables its clients to benchmark, analyze and manage the patient and caregiver experience.

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