Premier Inc (NASDAQ: PINC) is 3.22% higher on its value in year-to-date trading and has touched a low of $17.95 and a high of $23.43 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The PINC stock was last observed hovering at around $23.34 in the last trading session, with the day’s loss setting it -0.26%.
Currently trading at $23.08, the stock is 13.26% and 14.98% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.23 million and changing -1.11% at the moment leaves the stock 14.15% off its SMA200. PINC registered 16.98% gain for a year compared to 6-month loss of 16.80%. The firm has a 50-day simple moving average (SMA 50) of $20.008 and a 200-day simple moving average (SMA200) of $20.21305.
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The stock witnessed a 19.77% gain in the last 1 month and extending the period to 3 months gives it a 15.52%, and is 14.54% up 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 4.37% over the week and 2.45% over the month.
Premier Inc (PINC) has around 2900 employees, a market worth around $2.22B and $1.28B in sales. Current P/E ratio is 16.89 and Fwd P/E is 17.26. Profit margin for the company is 11.41%. Distance from 52-week low is 28.54% and -1.49% from its 52-week high. The company has generated returns on investments over the last 12 months (5.61%).
The EPS is expected to shrink by -46.16% this year
361.0 institutions hold shares in Premier Inc (PINC), with institutional investors hold 92.95% of the company’s shares. The shares outstanding are 105.03M, and float is at 96.04M with Short Float at 6.72%. Institutions hold 92.15% 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 Alkire Michael J., the company’s President & CEO. SEC filings show that Alkire Michael J. sold 2,100 shares of the company’s common stock on Oct 18 ’24 at a price of $20.09 per share for a total of $42189.0. Following the sale, the insider now owns 0.54 million shares.
Still, SEC filings show that on Oct 17 ’24, Alkire Michael J. (President & CEO) disposed off 17,900 shares at an average price of $20.00 for $0.36 million. The insider now directly holds 540,243 shares of Premier Inc (PINC).
