Mirae Asset International Investments Co. Ltd. boosted its holdings in shares of Premier, Inc. (NASDAQ:PINC – Get Ranking) by 0.6% through the 1st quarter, based on its most up-to-date 13F submitting with the SEC. The fund owned 68,152 shares of the corporate’s inventory after buying an extra 433 shares through the interval. Mirae Asset International Investments Co. Ltd. owned roughly 0.06% of Premier value $2,426,000 as of its most up-to-date submitting with the SEC.

A number of different hedge funds and different institutional traders additionally not too long ago purchased and bought shares of PINC. Financial institution of Montreal Can grew its place in Premier by 4,808.6% through the 4th quarter. Financial institution of Montreal Can now owns 452,034 shares of the corporate’s inventory value $18,737,000 after buying an extra 442,825 shares over the past quarter. Mawer Funding Administration Ltd. lifted its stake in shares of Premier by 38.5% within the 1st quarter. Mawer Funding Administration Ltd. now owns 1,542,119 shares of the corporate’s inventory value $54,884,000 after buying an extra 428,988 shares through the interval. Millennium Administration LLC lifted its stake in shares of Premier by 65.7% within the 4th quarter. Millennium Administration LLC now owns 940,216 shares of the corporate’s inventory value $38,709,000 after buying an extra 372,707 shares through the interval. Qube Analysis & Applied sciences Ltd acquired a brand new stake in shares of Premier within the 4th quarter value $12,961,000. Lastly, Renaissance Applied sciences LLC lifted its stake in shares of Premier by 9.7% within the 4th quarter. Renaissance Applied sciences LLC now owns 2,728,289 shares of the corporate’s inventory value $112,324,000 after buying an extra 241,057 shares through the interval. 67.78% of the inventory is owned by hedge funds and different institutional traders.

Analysts Set New Worth Targets

A number of analysts have not too long ago commented on the inventory. StockNews.com lower shares of Premier from a “strong-buy” ranking to a “purchase” ranking in a analysis observe on Thursday, August 18th. Canaccord Genuity Group raised their worth goal on shares of Premier from $44.00 to $46.00 and gave the corporate a “purchase” ranking in a analysis observe on Wednesday, August 17th. Benchmark raised their worth goal on shares of Premier from $44.00 to $46.00 and gave the corporate a “purchase” ranking in a analysis observe on Wednesday. Credit score Suisse Group raised their worth goal on shares of Premier from $35.00 to $38.00 and gave the corporate an “underperform” ranking in a analysis observe on Wednesday, August 17th. Lastly, Piper Sandler upgraded shares of Premier from a “impartial” ranking to an “obese” ranking and raised their worth goal for the corporate from $39.00 to $45.00 in a analysis observe on Wednesday, Could 4th. Two analysis analysts have rated the inventory with a promote ranking, one has issued a maintain ranking and 6 have issued a purchase ranking to the inventory. In keeping with MarketBeat, Premier presently has a consensus ranking of “Maintain” and a consensus worth goal of $42.83.

Premier Inventory Efficiency

Shares of PINC opened at $37.00 on Thursday. The corporate has a present ratio of 0.86, a fast ratio of 0.70 and a debt-to-equity ratio of 0.09. The inventory has a market cap of $4.37 billion, a P/E ratio of 17.13, a PEG ratio of 1.57 and a beta of 0.32. The corporate has a 50-day shifting common of $37.11 and a two-hundred day shifting common of $36.71. Premier, Inc. has a 12-month low of $34.28 and a 12-month excessive of $42.15.

Premier (NASDAQ:PINC – Get Ranking) final issued its quarterly earnings outcomes on Tuesday, August 16th. The corporate reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.01. The enterprise had income of $340.70 million through the quarter, in comparison with the consensus estimate of $332.88 million. Premier had a web margin of 18.55% and a return on fairness of 11.98%. The corporate’s quarterly income was down 29.2% in comparison with the identical quarter final 12 months. Throughout the identical interval within the earlier 12 months, the agency posted $0.55 earnings per share. As a bunch, analysis analysts predict that Premier, Inc. will put up 2.35 EPS for the present fiscal 12 months.

Premier Will increase Dividend

The corporate additionally not too long ago declared a quarterly dividend, which can be paid on Thursday, September 15th. Stockholders of file on Thursday, September 1st can be issued a dividend of $0.21 per share. The ex-dividend date is Wednesday, August 31st. This is a rise from Premier’s earlier quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized foundation and a dividend yield of two.27%. Premier’s payout ratio is 37.04%.

About Premier

(Get Ranking)

Premier, Inc, along with its subsidiaries, operates as a healthcare enchancment firm in the US. It operates in two segments, Provide Chain Providers and Efficiency Providers. The Provide Chain Providers section provides its members with an entry to a variety of services, together with medical and surgical merchandise, prescribed drugs, laboratory provides, capital gear, info know-how, services and building, and meals and dietary merchandise, in addition to bought providers, comparable to scientific engineering and doc shredding.

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