Pendal Group Ltd Sells 10,824 Shares of Presidio Inc (NASDAQ:PSDO)

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Pendal Group Ltd reduced its holdings in Presidio Inc (NASDAQ:PSDO) by 33.4% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 21,570 shares of the company’s stock after selling 10,824 shares during the quarter. Pendal Group Ltd’s holdings in Presidio were worth $295,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Bailard Inc. increased its holdings in Presidio by 5.5% in the second quarter. Bailard Inc. now owns 17,200 shares of the company’s stock worth $235,000 after purchasing an additional 900 shares in the last quarter. Legal & General Group Plc increased its holdings in Presidio by 44.7% in the fourth quarter. Legal & General Group Plc now owns 6,492 shares of the company’s stock worth $84,000 after purchasing an additional 2,006 shares in the last quarter. PNC Financial Services Group Inc. bought a new stake in Presidio in the first quarter worth approximately $35,000. Pearl River Capital LLC bought a new stake in Presidio in the first quarter worth approximately $48,000. Finally, Strs Ohio increased its holdings in Presidio by 11.1% in the second quarter. Strs Ohio now owns 51,100 shares of the company’s stock worth $698,000 after purchasing an additional 5,100 shares in the last quarter. Institutional investors and hedge funds own 97.12% of the company’s stock.

NASDAQ PSDO opened at $16.05 on Friday. The company has a market cap of $1.33 billion, a price-to-earnings ratio of 37.44, a P/E/G ratio of 3.73 and a beta of 1.31. Presidio Inc has a 52 week low of $12.04 and a 52 week high of $17.81. The business has a 50 day moving average price of $13.87 and a 200-day moving average price of $14.51. The company has a quick ratio of 1.02, a current ratio of 1.05 and a debt-to-equity ratio of 1.21.

In related news, Director Steven J. Lerner bought 5,000 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The shares were bought at an average price of $12.82 per share, with a total value of $64,100.00. Following the completion of the transaction, the director now directly owns 25,000 shares in the company, valued at $320,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Robert Cagnazzi bought 10,000 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The shares were bought at an average cost of $12.82 per share, for a total transaction of $128,200.00. The disclosure for this purchase can be found here. Insiders own 2.00% of the company’s stock.

A number of brokerages have weighed in on PSDO. Zacks Investment Research upgraded Presidio from a “sell” rating to a “hold” rating in a report on Wednesday, July 3rd. BidaskClub downgraded Presidio from a “sell” rating to a “strong sell” rating in a report on Tuesday. Finally, TheStreet downgraded Presidio from a “b-” rating to a “c” rating in a report on Thursday, June 13th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. Presidio has a consensus rating of “Hold” and an average price target of $15.67.

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.

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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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