Premier (NASDAQ:PINC – Get Free Report) was upgraded by equities researchers at StockNews.com from a “buy” rating to a “strong-buy” rating in a report released on Wednesday.
PINC has been the topic of a number of other reports. Benchmark lowered their price objective on shares of Premier from $46.00 to $37.00 in a research report on Wednesday, May 3rd. Raymond James lowered Premier from an “outperform” rating to a “market perform” rating in a research report on Tuesday, May 2nd. Robert W. Baird began coverage on Premier in a research note on Thursday, June 15th. They issued a “positive” rating for the company. Finally, Barclays decreased their target price on shares of Premier from $31.00 to $26.00 in a research report on Wednesday, May 3rd. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $36.13.
Premier Stock Up 0.4 %
Shares of Premier stock opened at $27.86 on Wednesday. The company has a quick ratio of 0.62, a current ratio of 0.72 and a debt-to-equity ratio of 0.05. Premier has a 12-month low of $24.88 and a 12-month high of $38.98. The firm has a market capitalization of $3.32 billion, a PE ratio of 18.09, a price-to-earnings-growth ratio of 1.08 and a beta of 0.32. The stock’s fifty day moving average is $26.78 and its 200-day moving average is $30.40.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the company. Janiczek Wealth Management LLC raised its stake in Premier by 322.7% during the 2nd quarter. Janiczek Wealth Management LLC now owns 1,264 shares of the company’s stock worth $35,000 after buying an additional 965 shares during the period. EverSource Wealth Advisors LLC boosted its position in Premier by 2,204.1% during the first quarter. EverSource Wealth Advisors LLC now owns 1,129 shares of the company’s stock valued at $37,000 after purchasing an additional 1,080 shares during the last quarter. Captrust Financial Advisors increased its position in shares of Premier by 48.5% during the 2nd quarter. Captrust Financial Advisors now owns 1,362 shares of the company’s stock worth $49,000 after purchasing an additional 445 shares during the last quarter. Amundi raised its stake in shares of Premier by 397.6% during the 4th quarter. Amundi now owns 1,443 shares of the company’s stock worth $50,000 after purchasing an additional 1,153 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp grew its stake in shares of Premier by 107.5% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,523 shares of the company’s stock valued at $53,000 after buying an additional 789 shares in the last quarter. 68.77% of the stock is currently owned by institutional investors.
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.
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