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.

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 analysts have also issued reports on the company. Raymond James Financial Inc. restated a market perform rating on shares of Press Ganey Holdings in a research note on Tuesday, September 20th. William Blair lowered Press Ganey Holdings from an outperform rating to a market perform rating in a research note on Monday, September 19th. Canaccord Genuity lowered Press Ganey Holdings from a buy rating to a hold rating and lowered their target price for the company from $44.00 to $40.50 in a research note on Monday, August 22nd. Wells Fargo & Co. lowered Press Ganey Holdings from an outperform rating to a market perform rating in a research note on Wednesday, August 10th. Finally, Avondale Partners lowered Press Ganey Holdings from an outperform rating to a market perform rating in a research note on Wednesday, August 10th. Ten analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Press Ganey Holdings presently has an average rating of Hold and a consensus price target of $40.93.

Analyst Recommendations for Press Ganey Holdings (NYSE:PGND)

Shares of Press Ganey Holdings (NYSE:PGND) opened at 40.45 on Wednesday. The stock’s 50 day moving average price is $40.40 and its 200 day moving average price is $36.86. The firm has a market capitalization of $2.15 billion, a price-to-earnings ratio of 79.16 and a beta of 0.99. 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 EPS for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.03. The business had revenue of $91.20 million for the quarter, compared to analyst estimates of $88.41 million. Press Ganey Holdings had a return on equity of 6.21% and a net margin of 7.92%. Equities research analysts expect that Press Ganey Holdings will post $1.14 earnings per share for the current year.

In other Press Ganey Holdings news, insider Joseph P. Greskoviak sold 85,730 shares of the company’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 completion of the transaction, the insider now owns 380,310 shares of the company’s stock, valued at approximately $15,607,922.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Patricia L. Riskind sold 35,948 shares of the company’s stock in a transaction that occurred on Monday, September 19th. The shares were sold at an average price of $40.22, for a total value of $1,445,828.56. Following the transaction, the insider now directly owns 77,434 shares of the company’s stock, valued at approximately $3,114,395.48. The disclosure for this sale can be found here. 5.10% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Emerald Acquisition Ltd. acquired a new position in Press Ganey Holdings during the second quarter worth approximately $525,000. Columbus Circle Investors acquired a new position in Press Ganey Holdings during the second quarter worth approximately $11,910,000. California State Teachers Retirement System raised its position in Press Ganey Holdings by 113.7% in the second quarter. California State Teachers Retirement System now owns 46,423 shares of the company’s stock worth $1,827,000 after buying an additional 24,702 shares during the last quarter. Bank of New York Mellon Corp raised its position in Press Ganey Holdings by 132.8% in the second quarter. Bank of New York Mellon Corp now owns 122,440 shares of the company’s stock worth $4,818,000 after buying an additional 69,853 shares during the last quarter. Finally, American Century Companies Inc. raised its position in Press Ganey Holdings by 5.3% in the second quarter. American Century Companies Inc. now owns 105,276 shares of the company’s stock worth $4,143,000 after buying an additional 5,269 shares during the last quarter. 91.85% of the stock is owned by institutional investors and hedge funds.

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.

5 Day Chart for NYSE:PGND

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