Federated Investors Inc. PA boosted its holdings in Presidio Inc (NASDAQ:PSDO) by 4.7% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 541,143 shares of the company’s stock after purchasing an additional 24,152 shares during the quarter. Federated Investors Inc. PA’s holdings in Presidio were worth $8,009,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of PSDO. Dimensional Fund Advisors LP boosted its holdings in Presidio by 48.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,153,264 shares of the company’s stock worth $17,069,000 after purchasing an additional 376,863 shares during the period. Wells Fargo & Company MN boosted its holdings in Presidio by 158.3% in the first quarter. Wells Fargo & Company MN now owns 174,977 shares of the company’s stock worth $2,590,000 after purchasing an additional 107,242 shares during the period. PNC Financial Services Group Inc. acquired a new position in Presidio in the first quarter worth $35,000. BlackRock Inc. boosted its holdings in Presidio by 8.6% in the first quarter. BlackRock Inc. now owns 2,608,281 shares of the company’s stock worth $38,602,000 after purchasing an additional 207,600 shares during the period. Finally, Alambic Investment Management L.P. acquired a new position in Presidio in the first quarter worth $1,993,000. Hedge funds and other institutional investors own 97.30% of the company’s stock.
In other news, Director Steven J. Lerner purchased 5,000 shares of Presidio stock in a transaction dated Friday, June 7th. The stock was bought 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 in the company, valued at approximately $320,500. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Robert Cagnazzi purchased 10,000 shares of Presidio stock in a transaction dated Friday, June 7th. The shares were purchased at an average cost of $12.82 per share, with a total value of $128,200.00. The disclosure for this purchase can be found here. Insiders own 2.00% of the company’s stock.
A number of equities analysts have commented on the stock. BidaskClub raised shares of Presidio from a “hold” rating to a “buy” rating in a report on Friday, March 1st. ValuEngine downgraded shares of Presidio from a “buy” rating to a “hold” rating in a report on Thursday, March 7th. Zacks Investment Research raised shares of Presidio from a “sell” rating to a “hold” rating in a report on Wednesday, April 10th. Finally, TheStreet raised shares of Presidio from a “d” rating to a “b-” rating in a report on Wednesday, May 8th. Two equities 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 company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $15.67.
Presidio stock opened at $13.23 on Friday. The firm has a market capitalization of $1.09 billion, a price-to-earnings ratio of 9.52, a price-to-earnings-growth ratio of 5.17 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. Presidio Inc has a 12 month low of $12.04 and a 12 month high of $17.81.
Presidio (NASDAQ:PSDO) last released its quarterly earnings data on Wednesday, May 8th. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.01. Presidio had a net margin of 1.33% and a return on equity of 6.09%. The firm had revenue of $705.20 million during the quarter, compared to the consensus estimate of $679.20 million. During the same quarter in the previous year, the company posted $0.28 earnings per share. The firm’s revenue was up 7.9% on a year-over-year basis. On average, analysts anticipate that Presidio Inc will post 0.43 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Wednesday, June 26th will be issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend is Tuesday, June 25th. Presidio’s dividend payout ratio (DPR) is 11.51%.
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Presidio Company Profile
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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