Premier Inc (NASDAQ: PINC) is -14.58% lower on its value in year-to-date trading and has touched a low of $17.95 and a high of $23.01 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The PINC stock was last observed hovering at around $19.39 in the last trading session, with the day’s loss setting it -0.29%.
Currently trading at $19.10, the stock is -4.33% and -5.11% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.81 million and changing -1.50% at the moment leaves the stock -6.86% off its SMA200. PINC registered -8.17% loss for a year compared to 6-month loss of -9.61%. The firm has a 50-day simple moving average (SMA 50) of $20.1068 and a 200-day simple moving average (SMA200) of $20.4917.
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The stock witnessed a -7.91% gain in the last 1 month and extending the period to 3 months gives it a 3.92%, and is -3.78% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.19% over the week and 2.54% over the month.
Premier Inc (PINC) has around 2900 employees, a market worth around $1.91B and $1.35B in sales. Current P/E ratio is 18.40 and Fwd P/E is 15.14. Profit margin for the company is 8.88%. Distance from 52-week low is 6.38% and -16.99% from its 52-week high. The company has generated returns on investments over the last 12 months (6.06%).
The EPS is expected to shrink by -48.79% this year
357.0 institutions hold shares in Premier Inc (PINC), with institutional investors hold 88.86% of the company’s shares. The shares outstanding are 105.03M, and float is at 98.67M with Short Float at 7.19%. Institutions hold 88.09% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 14.15 million shares valued at $264.18 million. The investor’s holdings represent 12.7296 of the PINC Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 12.26 million shares valued at $228.89 million to account for 11.0294 of the shares outstanding. The other top investors are PACER ADVISORS, INC. which holds 6.31 million shares representing 5.6777 and valued at over $117.83 million, while DIMENSIONAL FUND ADVISORS LP holds 5.3538 of the shares totaling 5.95 million with a market value of $111.1 million.
Premier Inc (PINC) Insider Activity
The most recent transaction is an insider sale by Anderson Leigh, the company’s Chief Operating Officer. SEC filings show that Anderson Leigh sold 20,000 shares of the company’s common stock on Oct 01 ’24 at a price of $19.62 per share for a total of $0.39 million. Following the sale, the insider now owns 0.13 million shares.
Premier Inc disclosed in a document filed with the SEC on Sep 30 ’24 that Alkire Michael J. (President & CEO) sold a total of 1,264 shares of the company’s common stock. The trade occurred on Sep 30 ’24 and was made at $20.01 per share for $25293.0. Following the transaction, the insider now directly holds 0.56 million shares of the PINC stock.
Still, SEC filings show that on Oct 01 ’24, Anderson Leigh (Officer) Proposed Sale 20,000 shares at an average price of $19.99 for $0.4 million. The insider now directly holds shares of Premier Inc (PINC).
