Presidio Inc (NASDAQ:PSDO) Chairman Robert Cagnazzi purchased 10,000 shares of the business’s stock in a transaction on Friday, June 7th. The shares were acquired at an average price of $12.82 per share, with a total value of $128,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of NASDAQ PSDO opened at $12.95 on Thursday. Presidio Inc has a fifty-two week low of $12.04 and a fifty-two week high of $17.81. The company has a market cap of $1.09 billion, a price-to-earnings ratio of 9.32, a price-to-earnings-growth ratio of 5.17 and a beta of 1.39. The company has a quick ratio of 1.02, a current ratio of 1.05 and a debt-to-equity ratio of 1.21.
Presidio (NASDAQ:PSDO) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $0.34 EPS for the quarter, beating the Zacks’ consensus estimate 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 for the quarter, compared to analysts’ expectations of $679.20 million. During the same quarter in the prior year, the company posted $0.28 earnings per share. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. On average, sell-side analysts anticipate that Presidio Inc will post 0.43 EPS for the current 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 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date of this dividend is Tuesday, June 25th. Presidio’s payout ratio is 11.51%.
Several large investors have recently bought and sold shares of the company. FMR LLC grew its holdings in shares of Presidio by 11.6% during the first quarter. FMR LLC now owns 12,017,771 shares of the company’s stock valued at $177,863,000 after buying an additional 1,247,518 shares during the last quarter. ArrowMark Colorado Holdings LLC grew its holdings in shares of Presidio by 4.5% during the first quarter. ArrowMark Colorado Holdings LLC now owns 7,704,707 shares of the company’s stock valued at $114,030,000 after buying an additional 335,056 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings 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 buying an additional 362,744 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Presidio by 8.6% during the first quarter. BlackRock Inc. now owns 2,608,281 shares of the company’s stock valued at $38,602,000 after buying an additional 207,600 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of Presidio by 12.5% during the fourth quarter. American Century Companies Inc. now owns 1,304,018 shares of the company’s stock valued at $17,017,000 after buying an additional 144,806 shares during the last quarter. Hedge funds and other institutional investors own 97.30% of the company’s stock.
Several equities analysts have recently commented on the stock. TheStreet raised shares of Presidio from a “d” rating to a “b-” rating in a research note on Wednesday, May 8th. BidaskClub raised shares of Presidio from a “hold” rating to a “buy” rating in a research note on Friday, March 1st. ValuEngine raised shares of Presidio from a “hold” rating to a “buy” rating in a research note on Wednesday, February 13th. Finally, Zacks Investment Research raised shares of Presidio from a “sell” rating to a “hold” rating in a research note on Wednesday, April 10th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. Presidio presently has a consensus rating of “Hold” and an average target price of $15.67.
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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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