BNP Paribas Financial Markets Sells 10,211 Shares of Premier, Inc. (NASDAQ:PINC)

BNP Paribas Financial Markets decreased its holdings in shares of Premier, Inc. (NASDAQ:PINC) by 26.3% during the third quarter, according to its most recent filing with the SEC. The firm owned 28,561 shares of the company’s stock after selling 10,211 shares during the period. BNP Paribas Financial Markets’ holdings in Premier were worth $571,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of PINC. GAMMA Investing LLC grew its stake in Premier by 137.6% during the 3rd quarter. GAMMA Investing LLC now owns 1,347 shares of the company’s stock worth $27,000 after buying an additional 780 shares during the last quarter. Meeder Asset Management Inc. purchased a new position in Premier in the 2nd quarter worth $47,000. Abich Financial Wealth Management LLC boosted its position in Premier by 37.0% in the second quarter. Abich Financial Wealth Management LLC now owns 2,672 shares of the company’s stock valued at $50,000 after buying an additional 721 shares during the last quarter. nVerses Capital LLC purchased a new position in shares of Premier during the second quarter worth $56,000. Finally, Quest Partners LLC lifted its holdings in shares of Premier by 356,500.0% in the 3rd quarter. Quest Partners LLC now owns 3,566 shares of the company’s stock valued at $71,000 after buying an additional 3,565 shares during the period. Institutional investors own 74.41% of the company’s stock.

Analyst Upgrades and Downgrades

PINC has been the topic of several recent analyst reports. Robert W. Baird increased their target price on shares of Premier from $19.00 to $20.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. Benchmark lowered shares of Premier from a “buy” rating to a “hold” rating in a report on Monday, August 26th. Barclays lifted their price objective on Premier from $20.00 to $24.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 6th. StockNews.com lowered Premier from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Premier from $21.00 to $19.00 and set a “neutral” rating on the stock in a research note on Monday, September 9th. Ten analysts have rated the stock with a hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $21.36.

Premier Price Performance

NASDAQ:PINC opened at $21.79 on Friday. Premier, Inc. has a 1-year low of $17.95 and a 1-year high of $23.56. The firm has a market capitalization of $2.09 billion, a price-to-earnings ratio of 16.02 and a beta of 0.42. The company’s 50-day moving average is $21.36 and its two-hundred day moving average is $20.14.

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

Premier Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Sunday, December 15th. Investors of record on Sunday, December 1st will be issued a $0.21 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.84 dividend on an annualized basis and a yield of 3.85%. Premier’s dividend payout ratio (DPR) is presently 61.77%.

Insider Transactions at Premier

In related news, Director John T. Bigalke sold 1,136 shares of the stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $22.19, for a total value of $25,207.84. Following the transaction, the director now directly owns 23,846 shares of the company’s stock, valued at $529,142.74. This trade represents a 4.55 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Michael J. Alkire sold 18,736 shares of the company’s stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $20.05, for a total value of $375,656.80. Following the completion of the sale, the chief executive officer now directly owns 559,407 shares of the company’s stock, valued at approximately $11,216,110.35. 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 ninety days, insiders sold 104,825 shares of company stock valued at $2,184,542. 0.96% of the stock is currently owned by corporate insiders.

Premier Company Profile

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.