Corient Private Wealth LLC Invests $227,000 in Premier, Inc. (NASDAQ:PINC)

Corient Private Wealth LLC purchased a new position in shares of Premier, Inc. (NASDAQ:PINC) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 10,731 shares of the company’s stock, valued at approximately $227,000.

Other large investors have also recently added to or reduced their stakes in the company. Brooklyn Investment Group boosted its holdings in Premier by 61,750.0% in the 4th quarter. Brooklyn Investment Group now owns 1,237 shares of the company’s stock valued at $26,000 after purchasing an additional 1,235 shares in the last quarter. SRS Capital Advisors Inc. lifted its holdings in shares of Premier by 157.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,284 shares of the company’s stock valued at $27,000 after buying an additional 786 shares during the period. Keystone Financial Group Inc. acquired a new stake in shares of Premier in the 4th quarter valued at approximately $37,000. Smartleaf Asset Management LLC boosted 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 valued at $40,000 after buying an additional 1,427 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in Premier during the third quarter worth $39,000. 74.41% of the stock is owned by hedge funds and other institutional investors.

Premier Stock Up 1.0 %

NASDAQ:PINC opened at $19.48 on Wednesday. Premier, Inc. has a 52-week low of $17.23 and a 52-week high of $23.56. The stock has a fifty day simple moving average of $19.22 and a 200-day simple moving average of $20.47. The company has a market capitalization of $1.78 billion, a PE ratio of -194.78 and a beta of 0.39.

Premier Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, March 15th. Shareholders of record on Saturday, March 1st were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 4.31%. The ex-dividend date of this dividend was Friday, February 28th. Premier’s payout ratio is currently -840.00%.

Analyst Ratings Changes

PINC has been the subject of a number of recent analyst reports. Canaccord Genuity Group reduced 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. Robert W. Baird cut their price target on shares of Premier from $20.00 to $19.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. Finally, Piper Sandler decreased their price objective on shares of 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, Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $20.17.

Insider Buying and Selling at Premier

In other news, Director Helen M. Boudreau sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $21.42, for a total transaction of $53,550.00. Following the completion of the transaction, the director now directly owns 20,668 shares of the company’s stock, valued at $442,708.56. This trade represents a 10.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.96% of the company’s stock.

Premier 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.