Premier Inc (NASDAQ:PINC) insider Craig S. Mckasson sold 50,000 shares of Premier stock in a transaction on Friday, February 15th. The stock was sold at an average price of $37.55, for a total value of $1,877,500.00. Following the completion of the sale, the insider now directly owns 135,709 shares of the company’s stock, valued at approximately $5,095,872.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
NASDAQ:PINC opened at $38.07 on Thursday. Premier Inc has a 52-week low of $28.81 and a 52-week high of $47.22. The stock has a market cap of $4.87 billion, a price-to-earnings ratio of 54.39, a P/E/G ratio of 1.36 and a beta of 0.50.
Premier (NASDAQ:PINC) last released its quarterly earnings results on Tuesday, February 5th. The company reported $0.66 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.08. Premier had a negative return on equity of 25.06% and a net margin of 21.63%. The business had revenue of $421.86 million during the quarter, compared to analyst estimates of $417.09 million. During the same quarter in the previous year, the company posted $0.50 earnings per share. Premier’s revenue for the quarter was up 2.5% on a year-over-year basis. On average, equities research analysts expect that Premier Inc will post 2.44 EPS for the current fiscal year.
Several analysts recently commented on the company. Zacks Investment Research raised Premier from a “sell” rating to a “hold” rating in a report on Tuesday, January 8th. ValuEngine lowered Premier from a “buy” rating to a “hold” rating in a report on Thursday, February 7th. Finally, UBS Group assumed coverage on Premier in a report on Thursday, January 17th. They issued a “buy” rating and a $45.00 price objective for the company. One analyst has rated the stock with a sell rating, five have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Premier currently has a consensus rating of “Buy” and a consensus target price of $45.00.
Large investors have recently added to or reduced their stakes in the business. LPL Financial LLC bought a new stake in Premier during the third quarter valued at about $203,000. Sawgrass Asset Management LLC bought a new stake in Premier during the third quarter valued at about $605,000. First Republic Investment Management Inc. grew its holdings in Premier by 12.2% during the third quarter. First Republic Investment Management Inc. now owns 18,164 shares of the company’s stock valued at $832,000 after purchasing an additional 1,971 shares during the period. O Shaughnessy Asset Management LLC bought a new stake in Premier during the third quarter valued at about $314,000. Finally, Stone Ridge Asset Management LLC grew its holdings in Premier by 26.3% during the third quarter. Stone Ridge Asset Management LLC now owns 54,279 shares of the company’s stock valued at $2,485,000 after purchasing an additional 11,290 shares during the period. 43.46% of the stock is owned by institutional investors and hedge funds.
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Premier Company Profile
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.
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