Premier Inc (NASDAQ: PINC) is -2.73% lower on its value in year-to-date trading and has touched a low of $17.95 and a high of $23.56 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 $21.51 in the last trading session, with the day’s gains setting it 0.24%.
Currently trading at $21.75, the stock is -0.55% and 0.48% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.81 million and changing 1.12% at the moment leaves the stock 6.83% off its SMA200. PINC registered -3.76% loss for a year compared to 6-month gain of 18.40%. The firm has a 50-day simple moving average (SMA 50) of $21.5976 and a 200-day simple moving average (SMA200) of $20.35645.
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The stock witnessed a -6.09% loss in the last 1 month and extending the period to 3 months gives it a 9.57%, and is 2.93% 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 2.40% over the week and 2.12% over the month.
Premier Inc (PINC) has around 2900 employees, a market worth around $2.09B and $1.28B in sales. Current P/E ratio is 15.92 and Fwd P/E is 16.22. Profit margin for the company is 11.41%. Distance from 52-week low is 21.14% and -7.68% 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 -45.43% this year
382.0 institutions hold shares in Premier Inc (PINC), with institutional investors hold 87.65% of the company’s shares. The shares outstanding are 97.79M, and float is at 94.65M with Short Float at 7.67%. Institutions hold 86.72% 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 Dec 20 ’24 at a price of $21.88 per share for a total of $0.44 million. Following the sale, the insider now owns 0.11 million shares.
Still, SEC filings show that on Dec 17 ’24, McKasson Craig S. (Member of immediate family of ) Proposed Sale 150 shares at an average price of $21.70 for $3255.0. The insider now directly holds shares of Premier Inc (PINC).
