Leigh Anderson Sells 1,177 Shares of Premier (PINC) Stock

Premier (NASDAQ:PINC) SVP Leigh Anderson sold 1,177 shares of the stock in a transaction on Friday, March 23rd. The shares were sold at an average price of $31.85, for a total value of $37,487.45. Following the completion of the sale, the senior vice president now owns 10,784 shares in the company, valued at $343,470.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Premier (NASDAQ PINC) traded up $0.24 during mid-day trading on Monday, hitting $31.46. 270,426 shares of the stock were exchanged, compared to its average volume of 704,871. Premier has a 52 week low of $27.16 and a 52 week high of $36.50. The company has a debt-to-equity ratio of -0.01, a quick ratio of 0.71 and a current ratio of 0.83. The firm has a market cap of $4,236.27, a P/E ratio of 17.15, a price-to-earnings-growth ratio of 1.20 and a beta of 0.45.

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Premier (NASDAQ:PINC) last posted its quarterly earnings results on Monday, February 5th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.02. Premier had a net margin of 14.14% and a negative return on equity of 19.94%. The company had revenue of $411.40 million during the quarter, compared to the consensus estimate of $393.35 million. During the same period last year, the firm earned $0.46 EPS. The company’s revenue for the quarter was up 14.8% on a year-over-year basis. equities research analysts expect that Premier will post 2.11 earnings per share for the current year.

Several hedge funds have recently bought and sold shares of PINC. Xact Kapitalforvaltning AB acquired a new position in shares of Premier during the 4th quarter worth approximately $207,000. Sterling Capital Management LLC raised its position in shares of Premier by 25.9% during the 4th quarter. Sterling Capital Management LLC now owns 161,061 shares of the company’s stock worth $4,701,000 after purchasing an additional 33,152 shares during the last quarter. Segall Bryant & Hamill LLC raised its position in shares of Premier by 137.7% during the 4th quarter. Segall Bryant & Hamill LLC now owns 247,279 shares of the company’s stock worth $7,218,000 after purchasing an additional 143,236 shares during the last quarter. BB&T Securities LLC raised its position in shares of Premier by 9.1% during the 4th quarter. BB&T Securities LLC now owns 25,606 shares of the company’s stock worth $747,000 after purchasing an additional 2,130 shares during the last quarter. Finally, Verition Fund Management LLC acquired a new position in shares of Premier during the 4th quarter worth approximately $534,000. Institutional investors own 42.91% of the company’s stock.

PINC has been the topic of several analyst reports. Oppenheimer reiterated a “buy” rating and issued a $40.00 price objective on shares of Premier in a research note on Thursday, December 7th. Bank of America began coverage on Premier in a report on Tuesday, February 27th. They set a “buy” rating and a $39.00 price objective on the stock. Zacks Investment Research raised Premier from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a report on Wednesday, January 10th. SunTrust Banks reissued a “buy” rating and set a $38.00 price target on shares of Premier in a report on Thursday, February 8th. Finally, Benchmark assumed coverage on Premier in a report on Thursday, February 8th. They issued a “buy” rating and a $40.00 price objective on the stock. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Premier presently has a consensus rating of “Buy” and an average price target of $36.71.

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About Premier

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.

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

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