Headlands Technologies LLC Sells 2,424 Shares of Premier, Inc. (NASDAQ:PINC)

Headlands Technologies LLC lowered its position in Premier, Inc. (NASDAQ:PINC) by 11.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,646 shares of the company’s stock after selling 2,424 shares during the period. Headlands Technologies LLC’s holdings in Premier were worth $439,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Global Retirement Partners LLC raised its stake in shares of Premier by 153.3% in the fourth quarter. Global Retirement Partners LLC now owns 1,583 shares of the company’s stock valued at $35,000 after acquiring an additional 958 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its position in Premier by 53.0% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,138 shares of the company’s stock worth $46,000 after purchasing an additional 741 shares during the last quarter. Janiczek Wealth Management LLC raised its position in Premier by 246.5% in the 4th quarter. Janiczek Wealth Management LLC now owns 2,533 shares of the company’s stock worth $57,000 after purchasing an additional 1,802 shares during the last quarter. Signaturefd LLC raised its position in Premier by 29.5% in the 3rd quarter. Signaturefd LLC now owns 5,106 shares of the company’s stock worth $110,000 after purchasing an additional 1,162 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in Premier in the 4th quarter worth approximately $133,000. Institutional investors own 74.41% of the company’s stock.

Premier Stock Up 0.7 %

PINC traded up $0.15 during trading on Friday, hitting $20.96. The company had a trading volume of 1,195,560 shares, compared to its average volume of 1,103,782. The company has a market capitalization of $2.51 billion, a PE ratio of 15.08, a PEG ratio of 5.29 and a beta of 0.38. Premier, Inc. has a one year low of $18.89 and a one year high of $33.58. The firm’s 50-day moving average price is $21.26 and its 200 day moving average price is $21.18. The company has a quick ratio of 1.32, a current ratio of 1.43 and a debt-to-equity ratio of 0.02.

Premier (NASDAQ:PINC) last posted its quarterly earnings data on Monday, February 5th. The company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.52 by $0.02. The business had revenue of $334.75 million for the quarter, compared to analysts’ expectations of $338.55 million. Premier had a net margin of 12.71% and a return on equity of 11.60%. As a group, equities analysts expect that Premier, Inc. will post 1.95 earnings per share for the current year.

Premier Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Saturday, June 15th. Shareholders of record on Saturday, June 1st will be given a dividend of $0.21 per share. The ex-dividend date is Friday, May 31st. This represents a $0.84 annualized dividend and a yield of 4.01%. Premier’s dividend payout ratio (DPR) is presently 60.43%.

Analyst Ratings Changes

A number of analysts have commented on PINC shares. Leerink Partnrs reaffirmed a “market perform” rating on shares of Premier in a report on Monday, February 26th. SVB Leerink started coverage on shares of Premier in a report on Monday, February 26th. They set a “market perform” rating and a $22.50 target price for the company. StockNews.com lowered shares of Premier from a “buy” rating to a “hold” rating in a report on Wednesday, February 7th. Finally, Barclays started coverage on shares of Premier in a report on Wednesday, January 3rd. They set an “equal weight” rating and a $22.00 target price for the company. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Premier has a consensus rating of “Hold” and a consensus price target of $25.15.

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.