Premier, Inc. (NASDAQ:PINC) SVP Leigh Anderson sold 2,264 shares of the company’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $32.73, for a total transaction of $74,100.72. Following the completion of the sale, the senior vice president now directly owns 14,654 shares of the company’s stock, valued at approximately $479,625.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Leigh Anderson also recently made the following trade(s):

  • On Monday, June 19th, Leigh Anderson sold 1,099 shares of Premier stock. The shares were sold at an average price of $35.29, for a total transaction of $38,783.71.

Shares of Premier, Inc. (NASDAQ:PINC) opened at 32.99 on Friday. Premier, Inc. has a 12 month low of $28.27 and a 12 month high of $36.50. The company has a market cap of $1.76 billion, a P/E ratio of 21.85 and a beta of 0.47. The stock’s 50 day moving average is $34.14 and its 200 day moving average is $33.56.

Premier (NASDAQ:PINC) last released its quarterly earnings data on Monday, August 21st. The company reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.52 by $0.02. The company had revenue of $403.10 million during the quarter, compared to the consensus estimate of $400.45 million. Premier had a net margin of 0.66% and a negative return on equity of 16.27%. The business’s revenue was up 33.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.36 EPS. On average, analysts anticipate that Premier, Inc. will post $2.05 EPS for the current fiscal year.

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Several brokerages have commented on PINC. UBS AG reaffirmed a “neutral” rating and issued a $35.00 target price (up previously from $34.00) on shares of Premier in a research note on Thursday, May 25th. Piper Jaffray Companies reaffirmed a “hold” rating on shares of Premier in a research note on Tuesday, August 22nd. William Blair reaffirmed an “ourperform” rating on shares of Premier in a research note on Tuesday, August 22nd. Zacks Investment Research raised shares of Premier from a “sell” rating to a “hold” rating in a research note on Friday, August 18th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $40.00 target price on shares of Premier in a research note on Wednesday, August 9th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $38.43.

Several hedge funds have recently added to or reduced their stakes in PINC. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Premier by 13.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,185 shares of the company’s stock valued at $115,000 after buying an additional 384 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in Premier by 4.2% in the first quarter. PNC Financial Services Group Inc. now owns 3,664 shares of the company’s stock valued at $117,000 after buying an additional 149 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in Premier by 7.8% in the second quarter. The Manufacturers Life Insurance Company now owns 4,373 shares of the company’s stock valued at $157,000 after buying an additional 315 shares in the last quarter. Advisors Asset Management Inc. raised its stake in Premier by 49.8% in the first quarter. Advisors Asset Management Inc. now owns 4,389 shares of the company’s stock valued at $140,000 after buying an additional 1,459 shares in the last quarter. Finally, Pacer Advisors Inc. raised its stake in Premier by 13.5% in the first quarter. Pacer Advisors Inc. now owns 6,652 shares of the company’s stock valued at $212,000 after buying an additional 791 shares in the last quarter.

Premier Company Profile

Premier, Inc is a healthcare improvement company. The Company is uniting an alliance of approximately 3,750 United States hospitals and more than 130,000 other provider organizations to transform healthcare. The Company operates healthcare group purchasing organizations and also provides integrated data and analytics, supply chain solutions, advisory services, performance improvement collaborative and other services.

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

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