Press Ganey Holdings (NYSE:PGND) has a 50 day moving average of 39.5 and a 200 day moving average of 32.83. Company has a market cap of $2,139 M.
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Out of 6 analysts covering Press Ganey Holdings (NYSE:PGND), 4 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. Earlier the firm had a rating of “Outperform ” on the company shares. Press Ganey reported revenue of $91.2 million for the three months ended June 30, 2016, a 17.8% increase from the same period of the prior year. NC raised its position in Press Ganey Holdings by 36.7% in the first quarter.
Currently, 3.60% shares of Press Ganey Holdings Inc (NYSE:PGND) are owned by insiders with 0.00% six-month change in the insider ownership. KeyCorp reiterated a “buy” rating on shares of Press Ganey Holdings in a report on Sunday, May 22nd.
While the offer price represents a less than a 1% premium over the $40.33 closing price on Monday, the price tag is a 20% premium over Press Ganey’s volume-weighted year-to-date average price and a 62% premium over its May 2015 IPO price of $25. They noted that the move was a valuation call. The company has a consensus rating of “Hold” and a consensus price target of $37.88.
Several hedge funds and institutional investors recently bought and sold shares of the company. Franklin Street Advisors Inc. In commenting on these results, Press Ganey Chief Executive Officer Patrick T. Ryan remarked, “We are pleased with our solid performance in the second quarter of 2016…” Press Ganey “is a high-quality company that has executed well since going public”. Randstad Group is one of the leading HR services providers in the world, with top-three positions in Argentina, Belgium & Luxembourg, Canada, Chile, France, Germany, Greece, India, Mexico, the Netherlands, Poland, Portugal, Spain, Switzerland, the UK, and the United States, as well as major positions in Australia and Japan. The stock was sold at an average price of $34.02, for a total value of $282,638.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Devin J. Anderson sold 8,552 shares of the business’s stock in a transaction that occurred on Monday, May 23rd. The purchase price implies an enterprise value to LTM 6/30/2016 Adjusted EBITA multiple of 8.9x (excluding stock based compensation) and 10.3x (including stock based compensation).
About 456,219 shares traded hands or 68.53% up from the average. The disclosure for this sale can be found here.
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South Bend, Indiana-based Press Ganey, which helps administer surveys for hospitals and other healthcare providers to measure patient satisfaction, was founded in 1985 and went public in May 2015.
