SG Americas Securities LLC purchased a new stake in shares of Presidio Inc (NASDAQ:PSDO) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,236 shares of the company’s stock, valued at approximately $225,000.
Several other institutional investors and hedge funds have also recently modified their holdings of PSDO. FMR LLC lifted its stake in shares of Presidio by 7.5% during the fourth quarter. FMR LLC now owns 10,770,253 shares of the company’s stock valued at $140,551,000 after acquiring an additional 748,496 shares during the period. Vanguard Group Inc. lifted its stake in shares of Presidio by 14.3% during the third quarter. Vanguard Group Inc. now owns 3,292,336 shares of the company’s stock valued at $50,208,000 after acquiring an additional 412,067 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of Presidio by 15.7% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,666,821 shares of the company’s stock valued at $34,802,000 after acquiring an additional 362,744 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Presidio by 58.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 776,401 shares of the company’s stock valued at $10,132,000 after acquiring an additional 286,483 shares during the period. Finally, BlackRock Inc. lifted its stake in Presidio by 11.2% in the fourth quarter. BlackRock Inc. now owns 2,400,681 shares of the company’s stock valued at $31,330,000 after buying an additional 241,868 shares during the period. 97.30% of the stock is currently owned by institutional investors and hedge funds.
Shares of NASDAQ PSDO traded up $0.05 during mid-day trading on Wednesday, reaching $13.39. 314,700 shares of the company’s stock were exchanged, compared to its average volume of 407,998. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of 9.65, a price-to-earnings-growth ratio of 5.18 and a beta of 1.39. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.05 and a quick ratio of 1.02. The firm’s fifty day moving average is $13.60. Presidio Inc has a twelve month low of $12.04 and a twelve month high of $17.81.
Presidio (NASDAQ:PSDO) last released its quarterly earnings results on Wednesday, May 8th. The company reported $0.34 EPS for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.01. The company had revenue of $705.20 million for the quarter, compared to analyst estimates of $679.20 million. Presidio had a return on equity of 6.09% and a net margin of 1.33%. Presidio’s revenue was up 7.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.28 earnings per share. As a group, research analysts predict that Presidio Inc will post 0.43 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Wednesday, June 26th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date of this dividend is Tuesday, June 25th. Presidio’s dividend payout ratio is currently 11.51%.
Several equities analysts have weighed in on the company. BidaskClub raised Presidio from a “hold” rating to a “buy” rating in a research note on Friday, March 1st. ValuEngine lowered Presidio from a “buy” rating to a “hold” rating in a research note on Thursday, March 7th. Zacks Investment Research raised Presidio from a “sell” rating to a “hold” rating in a research note on Wednesday, April 10th. Finally, TheStreet raised Presidio from a “d” rating to a “b-” rating in a research note on Wednesday, May 8th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $15.67.
In other news, Chairman Robert Cagnazzi acquired 10,000 shares of the firm’s stock in a transaction that occurred on Friday, June 7th. The stock was acquired at an average cost of $12.82 per share, for a total transaction of $128,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Steven J. Lerner acquired 5,000 shares of the firm’s stock in a transaction that occurred on Friday, June 7th. The shares were purchased at an average price of $12.82 per share, with a total value of $64,100.00. Following the completion of the acquisition, the director now owns 25,000 shares of the company’s stock, valued at approximately $320,500. The disclosure for this purchase can be found here. Company insiders own 2.00% of the company’s stock.
Presidio, Inc provides information technology (IT) solutions to the middle market in North America. The company offers digital infrastructure solutions that enable clients to deploy IT infrastructure, as well as focuses on networking, collaboration, enterprise mobility, Internet of Things, and data analytics.
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