Keystone Financial Group Inc. Takes Position in Premier, Inc. (NASDAQ:PINC)

Keystone Financial Group Inc. acquired a new stake in Premier, Inc. (NASDAQ:PINC) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 1,731 shares of the company’s stock, valued at approximately $37,000.

Other large investors also recently modified their holdings of the company. Brooklyn Investment Group grew its stake in shares of Premier by 61,750.0% in the 4th quarter. Brooklyn Investment Group now owns 1,237 shares of the company’s stock valued at $26,000 after purchasing an additional 1,235 shares during the period. GAMMA Investing LLC grew its stake in shares of Premier by 137.6% in the 3rd quarter. GAMMA Investing LLC now owns 1,347 shares of the company’s stock valued at $27,000 after purchasing an additional 780 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in Premier during the 3rd quarter worth approximately $39,000. Quarry LP grew its position in Premier by 576.7% during the 3rd quarter. Quarry LP now owns 2,179 shares of the company’s stock worth $44,000 after acquiring an additional 1,857 shares during the last quarter. Finally, Quest Partners LLC grew its position in Premier by 356,500.0% during the 3rd quarter. Quest Partners LLC now owns 3,566 shares of the company’s stock worth $71,000 after acquiring an additional 3,565 shares during the last quarter. 74.41% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Robert W. Baird decreased their price target on Premier from $20.00 to $19.00 and set a “neutral” rating on the stock in a research report on Wednesday. StockNews.com lowered Premier from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. Barclays increased their price target on Premier from $20.00 to $24.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 6th. Piper Sandler decreased their price target on Premier from $21.00 to $19.00 and set a “neutral” rating on the stock in a research report on Wednesday. Finally, Canaccord Genuity Group reduced their price objective on Premier from $21.00 to $19.00 and set a “hold” rating on the stock in a report on Wednesday. Ten research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Premier has an average rating of “Hold” and a consensus target price of $20.50.

Insider Activity

In related news, Director Helen M. Boudreau sold 2,500 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $21.42, for a total transaction of $53,550.00. Following the sale, the director now owns 20,668 shares of the company’s stock, valued at approximately $442,708.56. This trade represents a 10.79 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Leigh Anderson sold 20,000 shares of the firm’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of $21.88, for a total value of $437,600.00. Following the sale, the chief operating officer now directly owns 111,707 shares in the company, valued at $2,444,149.16. The trade was a 15.19 % 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 valued at $1,320,242 in the last 90 days. 0.96% of the stock is owned by company insiders.

Premier Stock Performance

NASDAQ:PINC opened at $18.95 on Friday. The stock’s fifty day moving average price is $21.68 and its two-hundred day moving average price is $20.93. The company has a market cap of $1.82 billion, a price-to-earnings ratio of 13.93 and a beta of 0.43. Premier, Inc. has a 52-week low of $17.95 and a 52-week high of $23.56.

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

Premier Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Saturday, March 15th. Stockholders of record on Saturday, March 1st will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.43%. The ex-dividend date is Friday, February 28th. Premier’s dividend payout ratio (DPR) is currently 61.77%.

About Premier

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.