Renaissance Technologies LLC bought a new stake in Presidio Inc (NASDAQ:PSDO) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 18,700 shares of the company’s stock, valued at approximately $285,000.
Several other hedge funds have also recently made changes to their positions in PSDO. BlackRock Inc. increased its position in shares of Presidio by 12.6% during the second quarter. BlackRock Inc. now owns 1,992,851 shares of the company’s stock worth $26,106,000 after acquiring an additional 222,256 shares during the last quarter. Dimensional Fund Advisors LP purchased a new stake in shares of Presidio during the second quarter worth about $3,294,000. California Public Employees Retirement System increased its position in shares of Presidio by 7.0% during the second quarter. California Public Employees Retirement System now owns 62,015 shares of the company’s stock worth $812,000 after acquiring an additional 4,080 shares during the last quarter. Northern Trust Corp increased its position in shares of Presidio by 3.7% during the second quarter. Northern Trust Corp now owns 408,173 shares of the company’s stock worth $5,347,000 after acquiring an additional 14,719 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in shares of Presidio by 8.2% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,304,077 shares of the company’s stock worth $35,138,000 after acquiring an additional 174,643 shares during the last quarter. Institutional investors own 98.47% of the company’s stock.
PSDO has been the topic of a number of analyst reports. BidaskClub lowered Presidio from a “buy” rating to a “hold” rating in a research report on Tuesday, February 5th. Zacks Investment Research raised Presidio from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research report on Wednesday, January 9th. Finally, SunTrust Banks initiated coverage on Presidio in a research report on Tuesday, December 4th. They set a “buy” rating and a $17.00 target price on the stock. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $16.50.
In other news, Director Steven J. Lerner purchased 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 15th. The stock was acquired at an average cost of $13.22 per share, for a total transaction of $132,200.00. Following the completion of the purchase, the director now owns 20,000 shares of the company’s stock, valued at $264,400. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.00% of the stock is currently owned by company insiders.
NASDAQ:PSDO opened at $15.25 on Monday. The stock has a market capitalization of $1.26 billion, a P/E ratio of 10.97, a PEG ratio of 3.49 and a beta of 1.41. Presidio Inc has a one year low of $11.97 and a one year high of $17.81. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.04 and a quick ratio of 1.02.
Presidio (NASDAQ:PSDO) last posted its quarterly earnings results on Wednesday, February 6th. The company reported $0.07 EPS for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.06). The firm had revenue of $767.80 million during the quarter, compared to analyst estimates of $682.55 million. Presidio had a return on equity of 5.21% and a net margin of 1.20%. The firm’s revenue for the quarter was up 18.3% on a year-over-year basis. During the same quarter last year, the business posted $0.31 earnings per share. On average, analysts predict that Presidio Inc will post 0.55 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, April 5th. Investors of record on Wednesday, March 27th will be paid a $0.04 dividend. The ex-dividend date is Tuesday, March 26th. This represents a $0.16 dividend on an annualized basis and a yield of 1.05%. 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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