Aperio Group LLC lowered its holdings in Premier, Inc. (NASDAQ:PINC) by 3.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 39,098 shares of the company’s stock after selling 1,558 shares during the quarter. Aperio Group LLC owned 0.07% of Premier worth $1,273,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings 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 acquiring an additional 384 shares during the period. PNC Financial Services Group Inc. lifted its holdings 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 acquiring an additional 149 shares during the period. The Manufacturers Life Insurance Company lifted its holdings 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 acquiring an additional 315 shares during the period. Advisors Asset Management Inc. lifted its holdings in Premier by 1.6% in the second quarter. Advisors Asset Management Inc. now owns 4,461 shares of the company’s stock valued at $161,000 after acquiring an additional 72 shares during the period. Finally, Pacer Advisors Inc. lifted its holdings in Premier by 11.6% in the second quarter. Pacer Advisors Inc. now owns 7,426 shares of the company’s stock valued at $267,000 after acquiring an additional 774 shares during the period. 38.22% of the stock is owned by institutional investors.

Premier, Inc. (PINC) opened at $27.83 on Friday. Premier, Inc. has a one year low of $27.16 and a one year high of $36.50. The firm has a market cap of $3,933.97, a PE ratio of 15.75, a P/E/G ratio of 1.26 and a beta of 0.46.

Premier (NASDAQ:PINC) last announced its earnings results on Monday, November 6th. The company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.05). Premier had a net margin of 17.99% and a negative return on equity of 18.31%. The firm had revenue of $390.56 million during the quarter, compared to analyst estimates of $389.56 million. During the same period in the previous year, the firm posted $0.41 EPS. The company’s revenue for the quarter was up 24.7% compared to the same quarter last year. research analysts anticipate that Premier, Inc. will post 1.87 earnings per share for the current year.

A number of research firms have commented on PINC. BidaskClub downgraded Premier from a “hold” rating to a “sell” rating in a report on Monday, July 31st. KeyCorp reaffirmed a “buy” rating and set a $42.00 price target on shares of Premier in a research note on Wednesday, October 4th. Jefferies Group LLC reaffirmed a “buy” rating and set a $40.00 price target on shares of Premier in a research note on Wednesday, August 9th. Zacks Investment Research raised Premier from a “sell” rating to a “hold” rating in a research note on Friday, August 18th. Finally, William Blair reaffirmed an “ourperform” rating on shares of Premier in a research note on Tuesday, August 22nd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $38.38.

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In related news, CEO Susan D. Devore sold 40,000 shares of the business’s stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $32.74, for a total value of $1,309,600.00. Following the completion of the transaction, the chief executive officer now owns 466,427 shares of the company’s stock, valued at approximately $15,270,819.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Michael J. Alkire sold 25,000 shares of the business’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $29.90, for a total transaction of $747,500.00. Following the completion of the transaction, the chief operating officer now directly owns 180,550 shares of the company’s stock, valued at approximately $5,398,445. The disclosure for this sale can be found here. Insiders sold a total of 92,264 shares of company stock valued at $2,962,701 in the last three months. 17.52% of the stock is currently owned by corporate insiders.

Premier Profile

Premier, Inc is a healthcare improvement company. The Company is uniting an alliance of approximately 3,900 United States hospitals and health systems and approximately 150,000 other providers and 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.

Institutional Ownership by Quarter for Premier (NASDAQ:PINC)

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