David L. Klatsky Sells 10,000 Shares of Premier, Inc. (NASDAQ:PINC) Stock

Premier, Inc. (NASDAQ:PINC) General Counsel David L. Klatsky sold 10,000 shares of Premier stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $19.53, for a total transaction of $195,300.00. Following the transaction, the general counsel now directly owns 90,597 shares of the company’s stock, valued at $1,769,359.41. This represents a 9.94 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Premier Stock Performance

Shares of NASDAQ:PINC opened at $19.44 on Friday. The firm has a market cap of $1.78 billion, a P/E ratio of -194.38 and a beta of 0.39. Premier, Inc. has a 52-week low of $17.23 and a 52-week high of $23.56. The business’s 50 day simple moving average is $19.05 and its two-hundred day simple moving average is $20.45.

Premier Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Saturday, March 15th. Investors of record on Saturday, March 1st were given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 4.32%. The ex-dividend date of this dividend was Friday, February 28th. Premier’s payout ratio is currently -840.00%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of PINC. Brooklyn Investment Group increased its position in shares of Premier by 61,750.0% during 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 in the last quarter. SRS Capital Advisors Inc. boosted its stake in Premier by 157.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,284 shares of the company’s stock valued at $27,000 after purchasing an additional 786 shares during the last quarter. Keystone Financial Group Inc. bought a new stake in Premier during the 4th quarter worth approximately $37,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Premier in the third quarter worth approximately $39,000. Finally, Smartleaf Asset Management LLC raised its stake in shares of Premier by 297.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,906 shares of the company’s stock worth $40,000 after purchasing an additional 1,427 shares during the last quarter. Institutional investors and hedge funds own 74.41% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.