Impact Partnership Wealth LLC Purchases 10,161 Shares of Premier, Inc. (NASDAQ:PINC)

Impact Partnership Wealth LLC raised its position in shares of Premier, Inc. (NASDAQ:PINC) by 85.1% in the fourth quarter, HoldingsChannel reports. The firm owned 22,106 shares of the company’s stock after acquiring an additional 10,161 shares during the period. Impact Partnership Wealth LLC’s holdings in Premier were worth $469,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Brooklyn Investment Group lifted its stake in Premier by 61,750.0% in the fourth quarter. Brooklyn Investment Group now owns 1,237 shares of the company’s stock worth $26,000 after acquiring an additional 1,235 shares during the period. GAMMA Investing LLC lifted its stake in shares of Premier by 137.6% during the third quarter. GAMMA Investing LLC now owns 1,347 shares of the company’s stock worth $27,000 after buying an additional 780 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of Premier during the third quarter valued at $39,000. Quarry LP increased its position in shares of Premier by 576.7% in the 3rd quarter. Quarry LP now owns 2,179 shares of the company’s stock valued at $44,000 after acquiring an additional 1,857 shares during the period. Finally, Abich Financial Wealth Management LLC lifted its position in Premier by 37.0% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 2,672 shares of the company’s stock worth $50,000 after acquiring an additional 721 shares during the period. 74.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on PINC. Robert W. Baird raised their price objective on Premier from $19.00 to $20.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. Canaccord Genuity Group boosted their target price on shares of Premier from $19.00 to $21.00 and gave the company a “hold” rating in a research report on Wednesday, November 6th. StockNews.com downgraded Premier from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. Finally, Barclays lifted their price target on Premier from $20.00 to $24.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 6th. Ten investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Premier has a consensus rating of “Hold” and an average price target of $21.36.

Premier Price Performance

PINC stock opened at $22.28 on Friday. Premier, Inc. has a 1 year low of $17.95 and a 1 year high of $23.56. The firm has a market capitalization of $2.14 billion, a PE ratio of 16.38 and a beta of 0.43. The business has a 50 day simple moving average of $21.88 and a 200-day simple moving average of $20.74.

Premier (NASDAQ:PINC) last posted its earnings results on Tuesday, November 5th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.09. The company had revenue of $248.14 million for the quarter, compared to analyst estimates of $232.85 million. Premier had a net margin of 11.41% and a return on equity of 10.74%. Premier’s revenue was down 7.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.50 EPS. On average, equities research analysts expect that Premier, Inc. will post 1.12 EPS for the current year.

Premier Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 15th. Investors of record on Saturday, March 1st will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 3.77%. Premier’s payout ratio is currently 61.77%.

Insiders Place Their Bets

In other news, COO Leigh Anderson sold 20,000 shares of the company’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $21.88, for a total transaction of $437,600.00. Following the completion of the transaction, the chief operating officer now directly owns 111,707 shares of the company’s stock, valued at approximately $2,444,149.16. This represents a 15.19 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Helen M. Boudreau sold 2,500 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $21.42, for a total value of $53,550.00. Following the transaction, the director now directly owns 20,668 shares in the company, valued at approximately $442,708.56. The trade was a 10.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 59,425 shares of company stock worth $1,320,242 in the last ninety days. 0.96% of the stock is owned by corporate insiders.

Premier Profile

Premier, Inc, together with its subsidiaries, operates as a healthcare improvement company in the United States. It operates in two segments, Supply Chain Services and Performance Services. The Supply Chain Services segment offers its members with an access to a range of products and services, including medical and surgical products, pharmaceuticals, laboratory supplies, capital equipment, information technology, facilities and construction, and food and nutritional products, as well as purchased services, such as clinical engineering and workforce solutions.