Goldman Sachs Downgrades Press Ganey Holdings Inc to Neutral

Brokerage firm Goldman Sachs Downgrades its rating on Press Ganey Holdings Inc(NYSE:PGND). The shares have been rated Neutral. Previously, the analysts had a Buy rating on the shares. The rating by Goldman Sachs was issued on Jun 20, 2016.

In a different note, KeyBanc said it Initiates Coverage on Press Ganey Holdings Inc, according to a research note issued on May 17, 2016. The shares have been rated ‘Overweight’ by the firm.

Press Ganey Holdings Inc (PGND) shares turned negative on Fridays trading session with the shares closing down -0.83 points or -2.15% at a volume of 18,48,640. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $38.28. The peak price level was also seen at $38.28 while the days lowest was $35.58. Finally the shares closed at $37.72. The 52-week high of the shares is $38.72 while the 52-week low is $23.68. According to the latest information available, the market cap of the company is $1,994 M.

Press Ganey Holdings Inc(PGND) last announced its earnings results on May 3, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $86.73M. Analysts had an estimated revenue of $83.54M. Earnings per share were $0.27. Analysts had estimated an EPS of $0.25.

Several Insider Transactions has been reported to the SEC. On Jun 17, 2016, Patricia L. Riskind (Chief ClientExperience Officer) sold 58,063 shares at $37.22 per share price.Also, On May 26, 2016, Patricia Cmielewski (Chief Marketing Officer & COS) sold 8,308 shares at $34.02 per share price.On May 24, 2016, Devin J Anderson (Gen Counsel & Corp Secretary) sold 8,552 shares at $33.26 per share price, according to the Form-4 filing with the securities and exchange commission.

Press Ganey Holdings Inc. (Press Ganey) formerly PGA Holdings Inc. is a provider of performance measurement and analysis services to the United States healthcare industry. The Company’s solutions enable healthcare providers to identify opportunities to reduce patient suffering. The Company’s solutions include patient experience solutions which include Patient experience insights and Physician nurse and employee alignment and engagement; clinical and quality solutions which include nursing quality indicators patient reported outcome measures and core measures and consulting services. The Company offers services to hospitals medical practices and other healthcare providers. The Company served over 22000 healthcare facilities in the United States.

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