American Century Companies Inc. Increases Position in Premier, Inc. (NASDAQ:PINC)

American Century Companies Inc. increased its holdings in Premier, Inc. (NASDAQ:PINC) by 4.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,598,731 shares of the company’s stock after acquiring an additional 104,452 shares during the period. American Century Companies Inc.’s holdings in Premier were worth $55,093,000 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 grew its stake 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 during the period. SRS Capital Advisors Inc. boosted 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 worth $27,000 after buying an additional 786 shares during the last quarter. Keystone Financial Group Inc. bought a new position in Premier during the fourth quarter valued at about $37,000. Smartleaf Asset Management LLC increased its holdings in Premier by 297.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,906 shares of the company’s stock worth $40,000 after buying an additional 1,427 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in Premier in the third quarter valued at about $39,000. 74.41% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Premier

In other news, Director Helen M. Boudreau sold 2,500 shares of the company’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $21.42, for a total value of $53,550.00. Following the transaction, the director now owns 20,668 shares of the company’s stock, valued at approximately $442,708.56. This represents a 10.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.96% of the company’s stock.

Premier Stock Performance

Shares of NASDAQ PINC opened at $19.02 on Thursday. Premier, Inc. has a fifty-two week low of $17.23 and a fifty-two week high of $23.56. The stock has a market cap of $1.74 billion, a PE ratio of -190.18 and a beta of 0.39. The stock has a fifty day moving average of $19.45 and a 200-day moving average of $20.48.

Premier Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Saturday, March 15th. Stockholders of record on Saturday, March 1st were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 4.42%. The ex-dividend date of this dividend was Friday, February 28th. Premier’s dividend payout ratio is presently -840.00%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on PINC shares. Canaccord Genuity Group dropped their price objective on Premier from $21.00 to $19.00 and set a “hold” rating on the stock in a research note on Wednesday, February 5th. Robert W. Baird cut their price target on Premier from $20.00 to $19.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. Finally, Piper Sandler decreased their price objective on Premier from $21.00 to $19.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. Eight investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $20.17.

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.