Premier, Inc. (NASDAQ:PINC) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC decreased its position in shares of Premier, Inc. (NASDAQ:PINC) by 8.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,766 shares of the company’s stock after selling 1,463 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Premier were worth $315,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of PINC. Empowered Funds LLC lifted its stake in Premier by 27.7% during the 3rd quarter. Empowered Funds LLC now owns 428,076 shares of the company’s stock valued at $8,562,000 after acquiring an additional 92,766 shares during the period. American Century Companies Inc. lifted its position in Premier by 60.4% during the second quarter. American Century Companies Inc. now owns 2,051,578 shares of the company’s stock valued at $38,303,000 after purchasing an additional 772,392 shares during the period. AQR Capital Management LLC boosted its holdings in Premier by 6.6% in the second quarter. AQR Capital Management LLC now owns 1,590,926 shares of the company’s stock valued at $29,241,000 after purchasing an additional 98,544 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Premier during the 3rd quarter worth about $678,000. Finally, Pacer Advisors Inc. raised its stake in shares of Premier by 384.3% during the 2nd quarter. Pacer Advisors Inc. now owns 6,311,089 shares of the company’s stock valued at $117,828,000 after buying an additional 5,007,851 shares during the last quarter. Hedge funds and other institutional investors own 74.41% of the company’s stock.

Premier Trading Up 0.9 %

PINC stock opened at $22.95 on Friday. The business’s 50-day moving average is $20.76 and its 200 day moving average is $19.93. Premier, Inc. has a 12-month low of $17.95 and a 12-month high of $23.56. The stock has a market cap of $2.21 billion, a price-to-earnings ratio of 16.88, a PEG ratio of 10.42 and a beta of 0.40.

Premier (NASDAQ:PINC) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.25 by $0.09. The firm had revenue of $248.14 million during the quarter, compared to analysts’ expectations of $232.85 million. Premier had a return on equity of 10.74% and a net margin of 11.41%. The firm’s revenue for the quarter was down 7.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.50 earnings per share. As a group, equities analysts forecast that Premier, Inc. will post 1.09 EPS for the current fiscal year.

Premier Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Sunday, December 15th. Investors of record on Sunday, December 1st will be given a dividend of $0.21 per share. The ex-dividend date is Friday, November 29th. This represents a $0.84 dividend on an annualized basis and a yield of 3.66%. Premier’s payout ratio is presently 61.77%.

Insider Buying and Selling

In other Premier news, insider Andy Brailo sold 4,390 shares of the business’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $20.51, for a total transaction of $90,038.90. Following the transaction, the insider now owns 104,410 shares of the company’s stock, valued at approximately $2,141,449.10. The trade was a 4.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Michael J. Alkire sold 17,415 shares of the firm’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $23.16, for a total value of $403,331.40. Following the completion of the sale, the chief executive officer now directly owns 520,728 shares of the company’s stock, valued at $12,060,060.48. This trade represents a 3.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 141,537 shares of company stock worth $2,915,552. 0.96% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms recently commented on PINC. Robert W. Baird raised their target price on Premier from $19.00 to $20.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. JPMorgan Chase & Co. cut their target price on shares of Premier from $21.00 to $19.00 and set a “neutral” rating for the company in a report on Monday, September 9th. StockNews.com downgraded shares of Premier from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. Benchmark cut shares of Premier from a “buy” rating to a “hold” rating in a report on Monday, August 26th. Finally, Barclays increased their target price on shares of Premier from $20.00 to $24.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 6th. Ten analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $21.36.

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.