LSV Asset Management acquired a new stake in Presidio Inc (NASDAQ:PSDO) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 183,711 shares of the company’s stock, valued at approximately $2,511,000. LSV Asset Management owned about 0.22% of Presidio at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. PNC Financial Services Group Inc. purchased a new position in Presidio in the 1st quarter valued at about $35,000. Marshall Wace North America L.P. bought a new position in shares of Presidio during the first quarter worth about $925,000. Menta Capital LLC lifted its position in shares of Presidio by 68.8% during the first quarter. Menta Capital LLC now owns 17,100 shares of the company’s stock worth $253,000 after purchasing an additional 6,968 shares during the last quarter. LGT Capital Partners LTD. lifted its position in shares of Presidio by 32.7% during the second quarter. LGT Capital Partners LTD. now owns 219,000 shares of the company’s stock worth $2,994,000 after purchasing an additional 54,000 shares during the last quarter. Finally, Balter Liquid Alternatives LLC lifted its position in shares of Presidio by 86.2% during the second quarter. Balter Liquid Alternatives LLC now owns 122,652 shares of the company’s stock worth $1,677,000 after purchasing an additional 56,792 shares during the last quarter. 99.02% of the stock is owned by institutional investors.
Shares of PSDO stock traded up $0.06 during trading hours on Wednesday, hitting $15.99. 13,456 shares of the company were exchanged, compared to its average volume of 1,600,954. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.02 and a current ratio of 1.05. Presidio Inc has a one year low of $12.04 and a one year high of $17.81. The business’s 50-day simple moving average is $14.67 and its two-hundred day simple moving average is $14.56. The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of 39.99, a P/E/G ratio of 3.71 and a beta of 1.20.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Wednesday, September 25th will be issued a $0.04 dividend. The ex-dividend date of this dividend is Tuesday, September 24th. This represents a $0.16 dividend on an annualized basis and a yield of 1.00%. Presidio’s dividend payout ratio is currently 40.00%.
In other Presidio news, Director Steven J. Lerner bought 5,000 shares of the business’s stock in a transaction on Friday, June 7th. The shares were purchased at an average price of $12.82 per share, with a total value of $64,100.00. Following the completion of the acquisition, the director now directly owns 25,000 shares of the company’s stock, valued at approximately $320,500. The transaction was disclosed in a legal 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 on Friday, June 7th. The stock was acquired 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. Company insiders own 2.00% of the company’s stock.
Several equities analysts have recently commented on the stock. TheStreet cut shares of Presidio from a “b-” rating to a “c” rating in a research report on Thursday, June 13th. Zacks Investment Research raised shares of Presidio from a “sell” rating to a “hold” rating in a research report on Wednesday, July 3rd. Finally, BidaskClub cut shares of Presidio from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 13th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $16.00.
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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