Yousif Capital Management LLC Decreases Holdings in Premier, Inc. (NASDAQ:PINC)

Yousif Capital Management LLC trimmed its stake in Premier, Inc. (NASDAQ:PINC) by 10.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 37,224 shares of the company’s stock after selling 4,266 shares during the quarter. Yousif Capital Management LLC’s holdings in Premier were worth $789,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Assenagon Asset Management S.A. raised its position in shares of Premier by 109.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 468,524 shares of the company’s stock valued at $9,933,000 after purchasing an additional 245,239 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Premier by 5.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,741,784 shares of the company’s stock valued at $34,836,000 after buying an additional 97,458 shares in the last quarter. Empowered Funds LLC raised its holdings 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. Quantinno Capital Management LP lifted its position in shares of Premier by 310.3% during the third quarter. Quantinno Capital Management LP now owns 115,833 shares of the company’s stock worth $2,317,000 after acquiring an additional 87,601 shares in the last quarter. Finally, Verition Fund Management LLC bought a new position in shares of Premier in the third quarter worth $1,414,000. 74.41% of the stock is owned by institutional investors.

Premier Stock Performance

NASDAQ PINC opened at $17.77 on Friday. Premier, Inc. has a 52-week low of $17.69 and a 52-week high of $23.56. The company has a fifty day moving average of $21.20 and a 200-day moving average of $20.84. The company has a market capitalization of $1.71 billion, a P/E ratio of -177.68 and a beta of 0.43.

Premier Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, March 15th. Shareholders of record on Saturday, March 1st will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 4.73%. The ex-dividend date of this dividend is Friday, February 28th. Premier’s dividend payout ratio is currently -839.92%.

Analyst Ratings Changes

A number of analysts recently issued reports on PINC shares. Robert W. Baird decreased their price objective on Premier from $20.00 to $19.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 5th. Piper Sandler decreased their price target on Premier from $21.00 to $19.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 5th. Barclays raised their price objective on shares of Premier from $20.00 to $24.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 6th. Canaccord Genuity Group decreased their target price on shares of Premier from $21.00 to $19.00 and set a “hold” rating on the stock in a report on Wednesday, February 5th. Finally, StockNews.com downgraded shares of Premier from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. Ten investment analysts have rated the stock with a hold rating, According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $20.50.

Insider Buying and Selling at Premier

In other news, COO Leigh Anderson sold 20,000 shares of the firm’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $21.88, for a total transaction of $437,600.00. Following the transaction, the chief operating officer now directly owns 111,707 shares of the company’s stock, valued at approximately $2,444,149.16. This trade represents a 15.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John T. Bigalke sold 1,136 shares of Premier stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $22.19, for a total value of $25,207.84. Following the completion of the transaction, the director now owns 23,846 shares in the company, valued at approximately $529,142.74. This represents a 4.55 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 42,010 shares of company stock worth $916,911 over the last ninety days. Insiders own 0.96% of the company’s stock.

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.