Janney Montgomery Scott LLC Takes Position in Presidio Inc (PSDO)

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Janney Montgomery Scott LLC acquired a new position in shares of Presidio Inc (NASDAQ:PSDO) in the 1st quarter, Holdings Channel reports. The fund acquired 31,048 shares of the company’s stock, valued at approximately $460,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. SG Americas Securities LLC acquired a new position in shares of Presidio during the first quarter valued at about $225,000. Bank of Montreal Can raised its position in shares of Presidio by 9,526.3% during the first quarter. Bank of Montreal Can now owns 100,980 shares of the company’s stock valued at $1,495,000 after buying an additional 99,931 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in shares of Presidio by 185.1% during the first quarter. BNP Paribas Arbitrage SA now owns 9,507 shares of the company’s stock valued at $141,000 after buying an additional 6,172 shares during the last quarter. Bailard Inc. acquired a new position in shares of Presidio during the first quarter valued at about $241,000. Finally, Strs Ohio raised its position in Presidio by 90.1% in the first quarter. Strs Ohio now owns 46,000 shares of the company’s stock worth $680,000 after purchasing an additional 21,800 shares in the last quarter. Institutional investors and hedge funds own 97.30% of the company’s stock.

In other Presidio news, insider David C. Hart sold 75,000 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $15.15, for a total value of $1,136,250.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Apollo Management Holdings Gp, sold 4,925,000 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $15.25, for a total transaction of $75,106,250.00. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by corporate insiders.

Several research firms recently issued reports on PSDO. BidaskClub raised shares of Presidio from a “hold” rating to a “buy” rating in a research report on Friday, March 1st. ValuEngine raised shares of Presidio from a “hold” rating to a “buy” rating in a research report on Wednesday, February 13th. Zacks Investment Research lowered shares of Presidio from a “buy” rating to a “sell” rating in a research report on Wednesday, February 6th. Finally, TheStreet raised shares of Presidio from a “d” rating to a “b-” rating in a research report on Wednesday, May 8th. Two investment 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. Presidio currently has an average rating of “Hold” and a consensus target price of $15.67.

Shares of Presidio stock opened at $13.60 on Monday. The company has a current ratio of 1.05, a quick ratio of 1.02 and a debt-to-equity ratio of 1.21. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of 9.78, a PEG ratio of 5.33 and a beta of 1.35. Presidio Inc has a 1-year low of $12.04 and a 1-year high of $17.81.

Presidio (NASDAQ:PSDO) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $0.34 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.01. The firm had revenue of $705.20 million for the quarter, compared to analysts’ expectations of $679.20 million. Presidio had a net margin of 1.33% and a return on equity of 6.09%. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.28 earnings per share. As a group, equities analysts anticipate that Presidio Inc will post 0.43 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Wednesday, June 26th will be paid a dividend of $0.04 per share. The ex-dividend date of this dividend is Tuesday, June 25th. This represents a $0.16 annualized dividend and a yield of 1.18%. Presidio’s dividend payout ratio is 11.51%.

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About Presidio

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.

Read More: Technical Analysis of Stocks, How Can It Help

Want to see what other hedge funds are holding PSDO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Presidio Inc (NASDAQ:PSDO).

Institutional Ownership by Quarter for Presidio (NASDAQ:PSDO)

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