Trade Report: The Press Ganey Holdings Inc. (PGND) Receives $39.63 Average PT from Analysts

The Press Ganey Holdings Inc. (PGND) Receives $39.63 Average PT from Analysts

Shares of Press Ganey Holdings Inc. (NYSE:PGND) have been assigned an average rating of “Hold” from the twelve brokerages that are currently covering the firm. Ten investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $39.63.

A number of equities research analysts have recently commented on PGND shares. Zacks Investment Research cut shares of Press Ganey Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, October 5th. Raymond James Financial Inc. reaffirmed a “market perform” rating on shares of Press Ganey Holdings in a report on Tuesday, September 20th. Wells Fargo & Co. cut shares of Press Ganey Holdings from an “outperform” rating to a “market perform” rating in a report on Wednesday, August 10th. Canaccord Genuity cut shares of Press Ganey Holdings from a “buy” rating to a “hold” rating and reduced their target price for the company from $44.00 to $40.50 in a report on Monday, August 22nd. Finally, William Blair cut shares of Press Ganey Holdings from an “outperform” rating to a “market perform” rating in a report on Monday, September 19th.

In other Press Ganey Holdings news, insider Joseph P. Greskoviak sold 85,730 shares of the company’s stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of $41.04, for a total value of $3,518,359.20. Following the sale, the insider now owns 380,310 shares of the company’s stock, valued at $15,607,922.40. The sale 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 37,500 shares of the company’s stock in a transaction dated Friday, September 2nd. The shares were sold at an average price of $40.29, for a total transaction of $1,510,875.00. Following the completion of the sale, the insider now directly owns 179,406 shares in the company, valued at approximately $7,228,267.74. The disclosure for this sale can be found here. 5.10% of the stock is currently owned by company insiders.

Several hedge funds have recently made changes to their positions in PGND. Sawgrass Asset Management LLC increased its stake in shares of Press Ganey Holdings by 88.8% in the third quarter. Sawgrass Asset Management LLC now owns 10,310 shares of the company’s stock valued at $417,000 after buying an additional 4,850 shares during the period. Kassirer Asset Management Corp acquired a new stake in shares of Press Ganey Holdings during the third quarter valued at about $5,300,000. Conestoga Capital Advisors LLC increased its stake in shares of Press Ganey Holdings by 0.6% in the third quarter. Conestoga Capital Advisors LLC now owns 524,369 shares of the company’s stock valued at $21,185,000 after buying an additional 3,325 shares during the period. KAMES CAPITAL plc acquired a new stake in shares of Press Ganey Holdings during the second quarter valued at about $2,198,000. Finally, Schwab Charles Investment Management Inc. increased its stake in shares of Press Ganey Holdings by 74.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 46,008 shares of the company’s stock valued at $1,811,000 after buying an additional 19,578 shares during the period. 91.85% of the stock is currently owned by institutional investors.

Press Ganey Holdings (NYSE:PGND) opened at 40.50 on Tuesday. The company has a 50-day moving average of $40.43 and a 200-day moving average of $37.74. Press Ganey Holdings has a 52 week low of $23.68 and a 52 week high of $42.09.

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