Press Ganey Holdings Inc. (PGND) Downgraded to “Sell” at Zacks Investment Research
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. “
Other equities analysts have also issued reports about the company. 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. Canaccord Genuity reissued a buy rating on shares of Press Ganey Holdings in a research note on Friday, June 10th. Leerink Swann reaffirmed a hold rating on shares of Press Ganey Holdings in a research report on Tuesday, August 2nd. Avondale Partners lowered Press Ganey Holdings from an outperform rating to a market perform rating in a research report on Wednesday, August 10th. Finally, BMO Capital Markets lowered Press Ganey Holdings from an outperform rating to a market perform rating in a research report on Wednesday, August 10th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company. The company has a consensus rating of Hold and an average target price of $39.56.
Press Ganey Holdings (NYSE:PGND) traded down 0.07% during trading on Wednesday, hitting $40.45. 208,687 shares of the company traded hands. The firm has a market capitalization of $2.15 billion, a P/E ratio of 79.16 and a beta of 0.99. The stock has a 50-day moving average price of $40.39 and a 200-day moving average price of $36.49. Press Ganey Holdings has a 12-month low of $23.68 and a 12-month high of $42.09.
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 firm had revenue of $91.20 million for the quarter, compared to analyst estimates of $88.41 million. Equities analysts expect that Press Ganey Holdings will post $1.14 EPS for the current fiscal year.
In related news, insider Joseph P. Greskoviak sold 85,730 shares of the firm’s stock in a transaction that occurred on Tuesday, August 9th. The stock was sold at an average price of $41.04, for a total transaction of $3,518,359.20. Following the transaction, the insider now directly owns 380,310 shares in the company, valued at approximately $15,607,922.40. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Devin J. Anderson sold 37,500 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now owns 179,406 shares in the company, valued at $7,228,267.74. The disclosure for this sale can be found here. Insiders own 5.10% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the company. Acrospire Investment Management LLC raised its position in Press Ganey Holdings by 23.8% in the second quarter. Acrospire Investment Management LLC now owns 2,600 shares of the company’s stock valued at $102,000 after buying an additional 500 shares during the last quarter. Teacher Retirement System of Texas raised its stake in shares of Press Ganey Holdings by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 2,942 shares of the company’s stock worth $116,000 after buying an additional 357 shares in the last quarter. Legal & General Group Plc acquired a new stake in shares of Press Ganey Holdings during the second quarter worth $124,000. Tower Research Capital LLC TRC raised its stake in shares of Press Ganey Holdings by 3,359.0% in the second quarter. Tower Research Capital LLC TRC now owns 3,459 shares of the company’s stock worth $136,000 after buying an additional 3,359 shares in the last quarter. Finally, Barclays PLC raised its stake in shares of Press Ganey Holdings by 10,132.6% in the second quarter. Barclays PLC now owns 4,400 shares of the company’s stock worth $173,000 after buying an additional 4,357 shares in the last quarter. Institutional investors and hedge funds own 91.97% 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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