John T. Bigalke Sells 1,137 Shares of Premier, Inc. (NASDAQ:PINC) Stock

Premier, Inc. (NASDAQ:PINC) Director John T. Bigalke sold 1,137 shares of the firm’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $17.54, for a total transaction of $19,942.98. Following the sale, the director now owns 29,810 shares in the company, valued at approximately $522,867.40. The trade was a 3.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Premier Price Performance

Shares of PINC opened at $18.21 on Friday. The firm has a 50-day moving average of $20.23 and a 200-day moving average of $20.65. Premier, Inc. has a one year low of $17.23 and a one year high of $23.56. The company has a market cap of $1.66 billion, a PE ratio of -182.08 and a beta of 0.43.

Premier Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Saturday, March 15th. Stockholders of record on Saturday, March 1st will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.61%. The ex-dividend date is Friday, February 28th. Premier’s dividend payout ratio is presently -840.00%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on PINC shares. Canaccord Genuity Group decreased their target price on shares of Premier from $21.00 to $19.00 and set a “hold” rating for the company in a research report on Wednesday, February 5th. Piper Sandler decreased their target price on shares of Premier from $21.00 to $19.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. Finally, Robert W. Baird decreased their target price on shares of Premier from $20.00 to $19.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. Eight research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $20.17.

Institutional Trading of Premier

Hedge funds have recently modified their holdings of the stock. Brooklyn Investment Group lifted its stake in shares of Premier by 61,750.0% during the 4th quarter. Brooklyn Investment Group now owns 1,237 shares of the company’s stock worth $26,000 after buying an additional 1,235 shares during the last quarter. SRS Capital Advisors Inc. lifted its stake in shares of Premier by 157.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,284 shares of the company’s stock worth $27,000 after buying an additional 786 shares during the last quarter. Keystone Financial Group Inc. acquired a new stake in shares of Premier during the 4th quarter worth about $37,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Premier during the 3rd quarter worth about $39,000. Finally, Smartleaf Asset Management LLC lifted its stake in shares of Premier by 297.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,906 shares of the company’s stock worth $40,000 after buying an additional 1,427 shares during the last quarter. Institutional investors and hedge funds own 74.41% of the company’s stock.

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.