Kennedy Capital Management LLC Sells 19,120 Shares of Premier, Inc. (NASDAQ:PINC)

Kennedy Capital Management LLC lessened its stake in Premier, Inc. (NASDAQ:PINCFree Report) by 9.1% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 191,356 shares of the company’s stock after selling 19,120 shares during the period. Kennedy Capital Management LLC’s holdings in Premier were worth $4,114,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Captrust Financial Advisors raised its position in Premier by 48.5% in the 2nd quarter. Captrust Financial Advisors now owns 1,362 shares of the company’s stock worth $49,000 after purchasing an additional 445 shares during the last quarter. Advisors Asset Management Inc. raised its position in Premier by 4.5% in the 4th quarter. Advisors Asset Management Inc. now owns 11,513 shares of the company’s stock worth $403,000 after purchasing an additional 495 shares during the last quarter. Arizona State Retirement System raised its position in shares of Premier by 1.6% during the 3rd quarter. Arizona State Retirement System now owns 33,905 shares of the company’s stock valued at $729,000 after acquiring an additional 518 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Premier by 4.7% during the 1st quarter. Principal Financial Group Inc. now owns 11,783 shares of the company’s stock valued at $381,000 after acquiring an additional 530 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp raised its position in shares of Premier by 62.4% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,397 shares of the company’s stock valued at $39,000 after acquiring an additional 537 shares during the last quarter. Institutional investors own 66.85% of the company’s stock.

Premier Stock Up 1.1 %

Premier stock opened at $21.32 on Friday. The stock has a market cap of $2.55 billion, a P/E ratio of 15.34, a P/E/G ratio of 5.36 and a beta of 0.37. The company has a quick ratio of 1.32, a current ratio of 1.43 and a debt-to-equity ratio of 0.02. Premier, Inc. has a twelve month low of $18.89 and a twelve month high of $33.58. The company’s 50-day moving average price is $21.68 and its two-hundred day moving average price is $21.34.

Premier (NASDAQ:PINCGet Free Report) last announced 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. Premier had a net margin of 12.71% and a return on equity of 11.60%. The firm had revenue of $334.75 million for the quarter, compared to analyst estimates of $338.55 million. As a group, analysts expect that Premier, Inc. will post 1.95 EPS for the current year.

Premier Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Friday, March 1st will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, February 29th. This represents a $0.84 annualized dividend and a dividend yield of 3.94%. Premier’s dividend payout ratio is 60.43%.

Wall Street Analyst Weigh In

PINC has been the subject of several recent research reports. Barclays initiated coverage on shares of Premier in a research report on Wednesday, January 3rd. They set an “equal weight” rating and a $22.00 target price for the company. 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. JPMorgan Chase & Co. dropped their target price on shares of Premier from $26.00 to $21.00 and set a “neutral” rating for the company in a research report on Monday, November 13th. Leerink Partnrs reissued a “market perform” rating on shares of Premier in a report on Monday, February 26th. Finally, StockNews.com lowered shares of Premier from a “buy” rating to a “hold” rating in a report on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $25.15.

Get Our Latest Analysis on Premier

Premier 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.

Further Reading

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Institutional Ownership by Quarter for Premier (NASDAQ:PINC)

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