Institutional Investors Are Betting On Premier Inc (NASDAQ:PINC)

January 22, 2018 - By Migdalia James

 Institutional Investors Are Betting On Premier Inc (NASDAQ:PINC)

Sentiment for Premier Inc (NASDAQ:PINC)

Premier Inc (NASDAQ:PINC) institutional sentiment increased to 1.72 in 2017 Q3. Its up 0.20, from 1.52 in 2017Q2. The ratio is positive, as 110 institutional investors increased and started new equity positions, while 64 reduced and sold positions in Premier Inc. The institutional investors in our partner’s database now hold: 52.07 million shares, up from 50.79 million shares in 2017Q2. Also, the number of institutional investors holding Premier Inc in their top 10 equity positions decreased from 2 to 1 for a decrease of 1. Sold All: 23 Reduced: 41 Increased: 80 New Position: 30.

Premier, Inc., together with its subsidiaries, operates as a healthcare improvement firm in the United States. The company has market cap of $4.58 billion. The firm operates through two divisions, Supply Chain Services and Performance Services. It has a 18.83 P/E ratio. The Supply Chain Services segment offers its members with access to a range of services and products, 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 document shredding services and software-as-a-service informatics products.

The stock increased 0.58% or $0.19 during the last trading session, reaching $32.81. About 27,223 shares traded. Premier, Inc. (NASDAQ:PINC) has risen 13.15% since January 22, 2017 and is uptrending. It has underperformed by 3.55% the S&P500.

Analysts await Premier, Inc. (NASDAQ:PINC) to report earnings on February, 5. They expect $0.44 EPS, up 2.33 % or $0.01 from last year’s $0.43 per share. PINC’s profit will be $61.41 million for 18.64 P/E if the $0.44 EPS becomes a reality. After $0.44 actual EPS reported by Premier, Inc. for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

Welch Capital Partners Llc Ny holds 3.22% of its portfolio in Premier, Inc. for 293,818 shares. Pembroke Management Ltd owns 547,400 shares or 1.74% of their US portfolio. Moreover, Echo Street Capital Management Llc has 1.49% invested in the company for 1.34 million shares. The Tennessee-based Patten Group Inc. has invested 1.22% in the stock. Broadview Advisors Llc, a Wisconsin-based fund reported 205,150 shares.#img1#

Since January 1, 0001, it had 0 insider buys, and 4 insider sales for $2.58 million activity.

Premier, Inc. (NASDAQ:PINC) Ratings Coverage

Ratings analysis reveals 59% of Premier’s analysts are positive. Out of 17 Wall Street analysts rating Premier, 10 give it “Buy”, 1 “Sell” rating, while 6 recommend “Hold”. The lowest target is $30.0 while the high is $45. The stock’s average target of $38.10 is 16.12% above today’s ($32.81) share price. PINC was included in 38 notes of analysts from August 25, 2015. Barclays Capital maintained it with “Overweight” rating and $39 target in Tuesday, August 23 report. The firm has “Outperform” rating by Oppenheimer given on Wednesday, October 7. The firm has “Outperform” rating by Credit Suisse given on Friday, August 5. Topeka Capital Markets maintained the stock with “Buy” rating in Tuesday, August 25 report. JP Morgan maintained Premier, Inc. (NASDAQ:PINC) rating on Wednesday, October 7. JP Morgan has “Overweight” rating and $45 target. The company was downgraded on Tuesday, December 19 by J.P. Morgan. The rating was maintained by Canaccord Genuity on Tuesday, August 25 with “Buy”. The company was downgraded on Monday, November 7 by Bank of America. The company was maintained on Monday, September 11 by Jefferies. The stock of Premier, Inc. (NASDAQ:PINC) earned “Sector Weight” rating by KeyBanc Capital Markets on Tuesday, October 24.

More notable recent Premier, Inc. (NASDAQ:PINC) news were published by: Streetinsider.com which released: “UPDATE: Evercore ISI Starts Premier, Inc. (PINC) at In Line” on January 18, 2018, also Bizjournals.com with their article: “How this deal could help U of L Hospital improve costs, patient outcomes” published on January 09, 2018, Businesswire.com published: “Premier Inc. Top Rated Overall for Healthcare Management Consulting in KLAS …” on January 04, 2018. More interesting news about Premier, Inc. (NASDAQ:PINC) were released by: Businesswire.com and their article: “Annual JP Morgan Healthcare Conference” published on December 21, 2017 as well as Businesswire.com‘s news article titled: “Healthcare Providers Taking Action to Address Opioid Epidemic, Premier Inc. C …” with publication date: January 11, 2018.

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