LSV Asset Management Has $2.65 Million Stake in Premier, Inc. (NASDAQ:PINC)

LSV Asset Management boosted its position in Premier, Inc. (NASDAQ:PINCFree Report) by 3,979.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 118,300 shares of the company’s stock after purchasing an additional 115,400 shares during the period. LSV Asset Management owned 0.10% of Premier worth $2,645,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Arizona State Retirement System grew its stake in shares of Premier by 1.6% in the third quarter. Arizona State Retirement System now owns 33,905 shares of the company’s stock worth $729,000 after purchasing an additional 518 shares during the last quarter. Van ECK Associates Corp grew its position in shares of Premier by 22.4% in the 4th quarter. Van ECK Associates Corp now owns 3,289 shares of the company’s stock valued at $74,000 after buying an additional 601 shares during the last quarter. Vontobel Holding Ltd. increased its stake in shares of Premier by 2.4% in the fourth quarter. Vontobel Holding Ltd. now owns 27,382 shares of the company’s stock valued at $612,000 after buying an additional 642 shares during the period. Hexagon Capital Partners LLC raised its position in shares of Premier by 71.7% during the fourth quarter. Hexagon Capital Partners LLC now owns 1,660 shares of the company’s stock worth $37,000 after acquiring an additional 693 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of Premier by 53.0% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,138 shares of the company’s stock worth $46,000 after acquiring an additional 741 shares during the period. 74.41% of the stock is currently owned by institutional investors.

Premier Stock Up 0.8 %

Shares of NASDAQ:PINC opened at $19.76 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.32 and a current ratio of 1.43. Premier, Inc. has a 52-week low of $18.65 and a 52-week high of $28.30. The business’s 50 day simple moving average is $21.10 and its two-hundred day simple moving average is $21.20. The firm has a market cap of $2.37 billion, a P/E ratio of 14.22, a PEG ratio of 5.22 and a beta of 0.39.

Premier (NASDAQ:PINCGet Free Report) last issued its earnings results on Monday, February 5th. The company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.02. The company had revenue of $334.75 million for the quarter, compared to analysts’ expectations of $338.55 million. Premier had a return on equity of 11.60% and a net margin of 12.71%. As a group, research analysts forecast that Premier, Inc. will post 1.95 EPS for the current fiscal year.

Premier Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, June 15th. Shareholders of record on Saturday, June 1st will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.25%. The ex-dividend date of this dividend is Friday, May 31st. Premier’s dividend payout ratio (DPR) is 60.43%.

Analysts Set New Price Targets

A number of research firms have weighed in on PINC. SVB Leerink initiated coverage on shares of Premier in a research report on Monday, February 26th. They set a “market perform” rating and a $22.50 target price for the company. Robert W. Baird dropped their target price on shares of Premier from $25.00 to $22.00 and set a “neutral” rating on the stock in a report on Wednesday. Canaccord Genuity Group downgraded Premier from a “buy” rating to a “hold” rating and decreased their price target for the stock from $27.00 to $21.00 in a report on Wednesday. Piper Sandler dropped their price objective on Premier from $24.00 to $22.00 and set a “neutral” rating on the stock in a research note on Wednesday. Finally, Leerink Partnrs restated a “market perform” rating on shares of Premier in a research report on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Premier currently has a consensus rating of “Hold” and a consensus target price of $23.50.

Get Our Latest Report on Premier

Premier Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Premier (NASDAQ:PINC)

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