Crossmark Global Holdings Inc. Has $1.92 Million Stock Holdings in Premier, Inc. (NASDAQ:PINC)

Crossmark Global Holdings Inc. lifted its stake in shares of Premier, Inc. (NASDAQ:PINC) by 44.5% during the fourth quarter, Holdings Channel reports. The firm owned 90,752 shares of the company’s stock after purchasing an additional 27,960 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Premier were worth $1,924,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Brooklyn Investment Group raised its position in shares of Premier by 61,750.0% during the fourth quarter. Brooklyn Investment Group now owns 1,237 shares of the company’s stock worth $26,000 after purchasing an additional 1,235 shares during the period. GAMMA Investing LLC raised its position in shares of Premier by 137.6% during the third quarter. GAMMA Investing LLC now owns 1,347 shares of the company’s stock worth $27,000 after purchasing an additional 780 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of Premier during the third quarter worth $39,000. Quarry LP raised its position in shares of Premier by 576.7% during the third quarter. Quarry LP now owns 2,179 shares of the company’s stock worth $44,000 after purchasing an additional 1,857 shares during the period. Finally, Abich Financial Wealth Management LLC raised its position in Premier by 37.0% during 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 period. 74.41% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Premier

In other news, CEO Michael J. Alkire sold 17,415 shares of the company’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $23.16, for a total transaction of $403,331.40. Following the completion of the sale, the chief executive officer now owns 520,728 shares in the company, valued at approximately $12,060,060.48. This represents a 3.24 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Helen M. Boudreau sold 2,500 shares of the company’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $21.42, for a total value of $53,550.00. Following the sale, the director now owns 20,668 shares of the company’s stock, valued at approximately $442,708.56. This trade represents a 10.79 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 59,425 shares of company stock worth $1,320,242. 0.96% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on PINC. StockNews.com lowered Premier from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. Barclays upped their price target on Premier from $20.00 to $24.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 6th. Robert W. Baird upped their price target on Premier from $19.00 to $20.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. Finally, Canaccord Genuity Group upped their price target on Premier from $19.00 to $21.00 and gave the company a “hold” rating in a research report on Wednesday, November 6th. Ten analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $21.36.

Premier Price Performance

Shares of PINC stock opened at $22.28 on Friday. Premier, Inc. has a fifty-two week low of $17.95 and a fifty-two week high of $23.56. The stock’s 50-day moving average is $21.88 and its two-hundred day moving average is $20.74. The firm has a market cap of $2.14 billion, a P/E ratio of 16.38 and a beta of 0.43.

Premier (NASDAQ:PINC) last issued its earnings results on Tuesday, November 5th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate 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 business’s revenue was down 7.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.50 EPS. As a group, research analysts expect that Premier, Inc. will post 1.12 EPS for the current year.

Premier Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Saturday, March 15th. Stockholders of record on Saturday, March 1st will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 3.77%. Premier’s dividend payout ratio (DPR) is presently 61.77%.

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.