Premier Inc (NASDAQ:PINC) Director Stephen R. D’arcy sold 3,967 shares of the stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $31.72, for a total value of $125,833.24. Following the completion of the sale, the director now directly owns 11,233 shares in the company, valued at approximately $356,310.76. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Premier Inc (PINC) traded up $0.32 on Friday, hitting $31.60. The stock had a trading volume of 1,085,424 shares, compared to its average volume of 763,540. Premier Inc has a fifty-two week low of $27.16 and a fifty-two week high of $36.50. The stock has a market cap of $4,365.19, a P/E ratio of -9.69, a P/E/G ratio of 1.25 and a beta of 0.50. The company has a current ratio of 0.83, a quick ratio of 0.69 and a debt-to-equity ratio of -0.01.

Premier (NASDAQ:PINC) last released its quarterly earnings data on Monday, February 5th. The company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. Premier had a negative return on equity of 19.94% and a net margin of 14.14%. The business had revenue of $411.40 million for the quarter, compared to the consensus estimate of $393.35 million. During the same quarter in the prior year, the business posted $0.46 EPS. The business’s revenue for the quarter was up 14.8% on a year-over-year basis. analysts forecast that Premier Inc will post 2.08 EPS for the current year.

PINC has been the topic of a number of analyst reports. Oppenheimer reaffirmed a “buy” rating and issued a $40.00 price target on shares of Premier in a research report on Thursday, December 7th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $30.00 price target on shares of Premier in a research report on Tuesday, December 19th. Citigroup initiated coverage on Premier in a research report on Thursday, January 4th. They issued a “neutral” rating on the stock. SunTrust Banks dropped their price objective on Premier to $36.00 and set a “buy” rating on the stock in a report on Friday, November 17th. Finally, Robert W. Baird reiterated a “buy” rating and issued a $35.00 price objective on shares of Premier in a report on Friday, November 10th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Premier currently has a consensus rating of “Buy” and a consensus price target of $36.86.

Several institutional investors and hedge funds have recently added to or reduced their stakes in PINC. State of Alaska Department of Revenue purchased a new position in Premier during the 4th quarter worth approximately $124,000. The Manufacturers Life Insurance Company grew its stake in Premier by 7.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,373 shares of the company’s stock worth $157,000 after buying an additional 315 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in Premier by 30.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 4,796 shares of the company’s stock worth $173,000 after buying an additional 1,132 shares during the last quarter. American Century Companies Inc. purchased a new position in Premier during the 4th quarter worth approximately $243,000. Finally, Suntrust Banks Inc. purchased a new position in Premier during the 2nd quarter worth approximately $276,000. Institutional investors and hedge funds own 39.52% of the company’s stock.

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About Premier

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.

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

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