Premier, Inc. (PINC) Shares Bought by Segall Bryant & Hamill LLC
Segall Bryant & Hamill LLC increased its stake in Premier, Inc. (NASDAQ:PINC) by 29.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 104,043 shares of the company’s stock after buying an additional 23,966 shares during the period. Segall Bryant & Hamill LLC owned about 0.07% of Premier worth $3,389,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. FMR LLC boosted its holdings in Premier by 2.1% in the second quarter. FMR LLC now owns 7,763,382 shares of the company’s stock worth $279,482,000 after purchasing an additional 158,103 shares during the period. Vanguard Group Inc. boosted its holdings in Premier by 7.4% in the second quarter. Vanguard Group Inc. now owns 4,345,748 shares of the company’s stock worth $156,447,000 after purchasing an additional 300,387 shares during the period. TimesSquare Capital Management LLC boosted its holdings in Premier by 3.8% in the third quarter. TimesSquare Capital Management LLC now owns 2,715,700 shares of the company’s stock worth $88,450,000 after purchasing an additional 98,600 shares during the period. JPMorgan Chase & Co. boosted its holdings in Premier by 3.2% in the third quarter. JPMorgan Chase & Co. now owns 2,380,922 shares of the company’s stock worth $77,808,000 after purchasing an additional 73,535 shares during the period. Finally, Citadel Advisors LLC boosted its holdings in Premier by 37.7% in the second quarter. Citadel Advisors LLC now owns 1,193,181 shares of the company’s stock worth $42,954,000 after purchasing an additional 326,899 shares during the period. Institutional investors and hedge funds own 38.31% of the company’s stock.
PINC has been the subject of a number of research reports. Zacks Investment Research raised shares of Premier from a “sell” rating to a “hold” rating in a report on Friday, August 18th. William Blair reissued an “ourperform” rating on shares of Premier in a report on Tuesday, August 22nd. Piper Jaffray Companies reissued a “hold” rating on shares of Premier in a report on Tuesday, August 22nd. BidaskClub downgraded shares of Premier from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 23rd. Finally, KeyCorp reissued a “buy” rating and set a $42.00 price target on shares of Premier in a report on Wednesday, October 4th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $38.38.
Premier, Inc. (NASDAQ PINC) opened at $29.78 on Monday. Premier, Inc. has a 1-year low of $27.16 and a 1-year high of $36.50. The stock has a market cap of $4,155.86, a price-to-earnings ratio of 16.64, a PEG ratio of 1.32 and a beta of 0.40.
Premier (NASDAQ:PINC) last announced its quarterly earnings results on Monday, November 6th. The company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.05). The firm had revenue of $390.56 million for the quarter, compared to analyst estimates of $389.56 million. Premier had a net margin of 17.99% and a negative return on equity of 18.31%. The business’s revenue was up 24.7% compared to the same quarter last year. During the same period last year, the firm posted $0.41 EPS. research analysts anticipate that Premier, Inc. will post 1.87 earnings per share for the current fiscal year.
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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.
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