Police & Firemen s Retirement System of New Jersey Has $455,000 Position in Premier, Inc. $PINC

Police & Firemen s Retirement System of New Jersey lessened its stake in Premier, Inc. (NASDAQ:PINC - Free Report) by 40.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,758 shares of the company's stock after selling 14,091 shares during the quarter. Police & Firemen s Retirement System of New Jersey's holdings in Premier were worth $455,000 as of its most recent SEC filing.Mitigate Risk in Your Portfolio with These 2 StocksOther hedge funds and other institutional investors also recently made changes to their positions in the company. First Horizon Advisors Inc. boosted its position in shares of Premier by 198.2% during the second quarter. First Horizon Advisors Inc. now owns 1,130 shares of the company's stock worth $25,000 after buying an additional 751 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in shares of Premier in the second quarter valued at $32,000. Signaturefd LLC grew its position in shares of Premier by 72.2% in the 2nd quarter. Signaturefd LLC now owns 2,197 shares of the company's stock valued at $48,000 after acquiring an additional 921 shares during the period. GAMMA Investing LLC increased its position in Premier by 112.1% during the second quarter. GAMMA Investing LLC now owns 2,522 shares of the company's stock worth $55,000 after buying an additional 1,333 shares during the last quarter. Finally, Parallel Advisors LLC boosted its stake in shares of Premier by 2,172.9% during the 2nd quarter. Parallel Advisors LLC now owns 2,932 shares of the company's stock worth $64,000 after acquiring an additional 2,803 shares during the period. 74.41% of the stock is owned by institutional investors. Insider Transactions at PremierIn related news, insider Andy Brailo sold 6,521 shares of the business's stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $25.79, for a total transaction of $168,176.59. Following the transaction, the insider owned 99,447 shares in the company, valued at $2,564,738.13. The trade was a 6.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John T. Bigalke sold 1,137 shares of the company's stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $25.79, for a total value of $29,323.23. Following the transaction, the director owned 27,536 shares in the company, valued at $710,153.44. This trade represents a 3.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.96% of the company's stock. Premier Price PerformanceNASDAQ PINC opened at $28.26 on Wednesday. The business's fifty day moving average is $27.94 and its 200-day moving average is $24.87. Premier, Inc. has a one year low of $17.23 and a one year high of $28.79. The stock has a market capitalization of $2.33 billion, a price-to-earnings ratio of -104.67 and a beta of 0.64. Premier (NASDAQ:PINC - Get Free Report) last released its quarterly earnings data on Tuesday, January 14th. The company reported $0.67 EPS for the quarter. The company had revenue of ($713.06) million during the quarter. Premier had a negative net margin of 3.28% and a positive return on equity of 6.84%. Research analysts expect that Premier, Inc. will post 1.13 EPS for the current fiscal year. Wall Street Analyst Weigh InA number of equities research analysts have recently weighed in on PINC shares. Canaccord Genuity Group lifted their target price on Premier from $25.00 to $28.25 and gave the stock a "hold" rating in a report on Tuesday, September 23rd. Robert W. Baird raised their target price on Premier from $22.00 to $27.00 and gave the company a "neutral" rating in a report on Wednesday, August 20th. Leerink Partners upped their price objective on shares of Premier from $24.00 to $26.00 and gave the stock a "market perform" rating in a research report on Tuesday, August 19th. Bank of America increased their target price on Premier from $19.00 to $21.00 and gave the company an "underperform" rating in a research report on Tuesday, August 19th. Finally, Piper Sandler raised their target price on Premier from $28.00 to $28.25 and gave the stock a "neutral" rating in a research report on Wednesday, November 5th. Six investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Reduce" and an average price target of $26.46.View Our Latest Stock Analysis on PINCAbout Premier (Free Report)Premier, Inc, together with its subsidiaries, operates as a healthcare improvement company in the United States. It operates in two segments, Supply Chain Services and Performance Services. The Supply Chain Services segment offers its members with an access to a range of products and services, 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 workforce solutions.Featured StoriesFive stocks we like better than PremierHow to Invest in Tech Stocks and Top Tech Stocks to ConsiderWarner Bros. Sale Rumors Heat Up: What Investors Need to KnowElection Stocks: How Elections Affect the Stock MarketFrom Science Project to Solvent: WeRide’s 761% Revenue SurgeBest ESG Stocks: 11 Best Stocks for ESG InvestingWill the S&P 500 Rally in December? These 3 Signals Point to a Big Move AheadThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Premier Right Now?Before you consider Premier, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. 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