MetLife Investment Advisors LLC reduced its position in Presidio Inc (NASDAQ:PSDO) by 15.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 16,489 shares of the company’s stock after selling 2,985 shares during the period. MetLife Investment Advisors LLC’s holdings in Presidio were worth $215,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Meeder Asset Management Inc. purchased a new position in Presidio in the 4th quarter worth approximately $29,000. Great West Life Assurance Co. Can raised its holdings in Presidio by 21.9% in the 4th quarter. Great West Life Assurance Co. Can now owns 4,136 shares of the company’s stock worth $52,000 after acquiring an additional 742 shares during the last quarter. Menta Capital LLC purchased a new position in Presidio in the 4th quarter worth approximately $132,000. Principal Financial Group Inc. purchased a new position in Presidio in the 4th quarter worth approximately $154,000. Finally, Verition Fund Management LLC purchased a new position in Presidio in the 3rd quarter worth approximately $165,000. Institutional investors own 98.94% of the company’s stock.
A number of brokerages recently weighed in on PSDO. Zacks Investment Research upgraded shares of Presidio from a “sell” rating to a “hold” rating in a report on Wednesday, April 10th. BidaskClub lowered shares of Presidio from a “sell” rating to a “strong sell” rating in a report on Friday, April 5th. Finally, ValuEngine lowered shares of Presidio from a “buy” rating to a “hold” rating in a report on Thursday, March 7th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $16.40.
Shares of PSDO opened at $14.42 on Friday. The firm has a market cap of $1.21 billion, a price-to-earnings ratio of 10.37, a P/E/G ratio of 3.76 and a beta of 1.38. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 1.26. Presidio Inc has a 1-year low of $11.97 and a 1-year high of $17.81.
Presidio (NASDAQ:PSDO) last announced its earnings results on Wednesday, February 6th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.06). The company had revenue of $767.80 million for the quarter, compared to analysts’ expectations of $682.55 million. Presidio had a net margin of 1.20% and a return on equity of 5.21%. Presidio’s quarterly revenue was up 18.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.31 earnings per share. Sell-side analysts expect that Presidio Inc will post 0.49 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Wednesday, March 27th were paid a dividend of $0.04 per share. The ex-dividend date was Tuesday, March 26th. This represents a $0.16 dividend on an annualized basis and a yield of 1.11%. Presidio’s dividend payout ratio is presently 11.51%.
In other Presidio news, major shareholder Apollo Management Holdings Gp, sold 4,000,000 shares of the business’s stock in a transaction on Tuesday, February 12th. The shares were sold at an average price of $15.11, for a total transaction of $60,440,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider David C. Hart sold 75,000 shares of the business’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $15.15, for a total transaction of $1,136,250.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,000,000 shares of company stock valued at $136,682,500. Company insiders own 2.00% of the company’s stock.
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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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