Luminus Management LLC acquired a new position in Presidio Inc (NASDAQ:PSDO) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 98,608 shares of the company’s stock, valued at approximately $1,504,000. Luminus Management LLC owned approximately 0.12% of Presidio as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Metropolitan Life Insurance Co. NY grew its stake in Presidio by 49.1% in the second quarter. Metropolitan Life Insurance Co. NY now owns 13,131 shares of the company’s stock worth $172,000 after purchasing an additional 4,324 shares in the last quarter. Alambic Investment Management L.P. bought a new position in Presidio in the second quarter worth approximately $186,000. First Trust Advisors LP grew its stake in Presidio by 75.3% in the third quarter. First Trust Advisors LP now owns 216,771 shares of the company’s stock worth $3,306,000 after purchasing an additional 93,146 shares in the last quarter. American Century Companies Inc. grew its stake in Presidio by 8.6% in the second quarter. American Century Companies Inc. now owns 1,250,671 shares of the company’s stock worth $16,384,000 after purchasing an additional 98,979 shares in the last quarter. Finally, Victory Capital Management Inc. bought a new position in Presidio in the third quarter worth approximately $394,000. 98.15% of the stock is currently owned by institutional investors.
In other news, major shareholder Apollo Management Holdings Gp, sold 3,000,000 shares of the stock in a transaction on Thursday, September 20th. The stock was sold at an average price of $15.24, for a total transaction of $45,720,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Steven J. Lerner acquired 10,000 shares of the firm’s stock in a transaction dated Thursday, November 15th. The shares were acquired at an average price of $13.22 per share, with a total value of $132,200.00. Following the acquisition, the director now owns 20,000 shares in the company, valued at approximately $264,400. The disclosure for this purchase can be found here. 2.00% of the stock is owned by corporate insiders.
Presidio (NASDAQ:PSDO) last posted its earnings results on Wednesday, November 7th. The company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.05). The company had revenue of $750.00 million for the quarter, compared to analysts’ expectations of $747.79 million. Presidio had a return on equity of 5.63% and a net margin of 4.54%. The firm’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.38 EPS. Analysts anticipate that Presidio Inc will post 0.63 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, January 7th. Shareholders of record on Wednesday, December 26th will be issued a dividend of $0.04 per share. The ex-dividend date of this dividend is Monday, December 24th. This represents a $0.16 dividend on an annualized basis and a yield of 1.18%. Presidio’s dividend payout ratio is currently 11.51%.
Several research analysts recently issued reports on PSDO shares. SunTrust Banks began coverage on Presidio in a research note on Tuesday, December 4th. They issued a “buy” rating and a $17.00 price objective on the stock. BidaskClub lowered Presidio from a “hold” rating to a “sell” rating in a report on Friday, November 2nd. Goldman Sachs Group began coverage on Presidio in a report on Monday, August 27th. They set a “neutral” rating and a $15.00 target price for the company. Zacks Investment Research lowered Presidio from a “hold” rating to a “sell” rating in a report on Friday, September 7th. Finally, ValuEngine lowered Presidio from a “buy” rating to a “hold” rating in a report on Tuesday, October 2nd. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $17.71.
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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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