Premier Inc (NASDAQ: PINC) is 5.80% higher 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 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 $22.03 in the last trading session, with the day’s gains setting it 0.4%.
Currently trading at $22.43, the stock is 4.46% and 1.74% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.95 million and changing 1.82% at the moment leaves the stock 10.20% off its SMA200. PINC registered 2.37% gain for a year compared to 6-month gain of 14.97%. The firm has a 50-day simple moving average (SMA 50) of $22.046 and a 200-day simple moving average (SMA200) of $20.35355.
The stock witnessed a 3.08% loss in the last 1 month and extending the period to 3 months gives it a 13.57%, and is 7.47% 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 2.58% over the week and 2.76% over the month.
Premier Inc (PINC) has around 2900 employees, a market worth around $2.16B and $1.28B in sales. Current P/E ratio is 16.42 and Fwd P/E is 17.05. Profit margin for the company is 11.41%. Distance from 52-week low is 24.92% and -4.80% from its 52-week high. The company has generated returns on investments over the last 12 months (5.61%).
with sales reaching $243.21M over the same period.The EPS is expected to shrink by -45.24% this year, but quarterly earnings will post -26.41% year-over-year. Quarterly sales are estimated to shrink -27.34% in year-over-year returns.
Premier Inc (PINC) Top Institutional Holders
384.0 institutions hold shares in Premier Inc (PINC), with institutional investors hold 87.94% of the company’s shares. The shares outstanding are 97.79M, and float is at 94.65M with Short Float at 8.12%. Institutions hold 87.04% 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
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Premier Inc disclosed in a document filed with the SEC on Jan 06 ’25 that Boudreau Helen M (Director) sold a total of 2,500 shares of the company’s common stock. The trade occurred on Jan 06 ’25 and was made at $21.42 per share for $53550.0. Following the transaction, the insider now directly holds 20668.0 shares of the PINC stock.
Still, SEC filings show that on Jan 06 ’25, Boudreau Helen M (Director) Proposed Sale 2,500 shares at an average price of $21.42 for $53546.0. The insider now directly holds shares of Premier Inc (PINC).
