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In a recent stock transaction, John T. Bigalke, a director at Premier Inc . (NASDAQ:PINC), sold 1,137 shares of the company’s Class A common stock. The shares were sold at a price of $17.54 each, resulting in a total transaction value of approximately $19,942. Following this sale, Bigalke retains ownership of 29,810 shares in the company. The transaction occurs as PINC trades near its 52-week low of $17.29, with InvestingPro analysis indicating the stock is currently undervalued. The company maintains a notable 4.81% dividend yield and a market capitalization of $1.59 billion.
The transaction was conducted as part of a pre-established Rule 10b5-1 trading plan, which Bigalke adopted on February 27, 2024. These plans allow insiders to set up a predetermined schedule for buying or selling company stock, providing a degree of separation from potential insider trading concerns. According to InvestingPro data, Premier Inc. shows strong free cash flow yield and operates with moderate debt levels. Subscribers can access 8 additional ProTips and comprehensive analysis in the Pro Research Report.
In other recent news, Premier Inc. has initiated a $200 million accelerated share repurchase program as part of a broader $1 billion authorization. This move follows previous repurchases totaling $600 million, with funding sourced from the company’s existing credit facility. Premier’s recent earnings report revealed a mixed performance, with a notable shortfall in second-quarter earnings per share, which stood at $0.25, below the analyst estimate of $0.29. Revenue also fell short, coming in at $240.26 million against the expected $242.79 million. Despite these results, Premier has maintained its fiscal year 2025 guidance, projecting an EPS range of $1.26-$1.34 and revenue between $0.94-1.01 billion.
Analyst actions have been mixed, with Benchmark maintaining a Hold rating while noting potential upside, and Canaccord Genuity lowering the price target to $19.00 but also maintaining a Hold rating. Jehoshaphat Research has taken a short position on Premier, raising concerns about the company’s revenue accounting methods and sustainability. They suggest that Premier’s financial health may be compromised due to potential declines in free cash flows and expiring contracts. These recent developments provide a complex picture of Premier Inc.’s current financial and strategic position.
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