Presidio Inc (PSDO) Holdings Cut by Pendal Group Ltd

Pendal Group Ltd decreased its holdings in shares of Presidio Inc (NASDAQ:PSDO) by 3.8% in the 4th quarter, Holdings Channel reports. The fund owned 36,450 shares of the company’s stock after selling 1,445 shares during the quarter. Pendal Group Ltd’s holdings in Presidio were worth $476,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. BlackRock Inc. increased its stake in Presidio by 8.3% during the third quarter. BlackRock Inc. now owns 2,158,813 shares of the company’s stock worth $32,922,000 after acquiring an additional 165,962 shares during the last quarter. First Trust Advisors LP increased its stake in Presidio by 75.3% during the third quarter. First Trust Advisors LP now owns 216,771 shares of the company’s stock worth $3,306,000 after acquiring an additional 93,146 shares during the last quarter. Victory Capital Management Inc. acquired a new stake in Presidio during the third quarter worth $394,000. IndexIQ Advisors LLC increased its stake in Presidio by 3.9% during the third quarter. IndexIQ Advisors LLC now owns 145,348 shares of the company’s stock worth $2,217,000 after acquiring an additional 5,489 shares during the last quarter. Finally, Marshall Wace LLP acquired a new stake in Presidio during the third quarter worth $4,312,000. 98.27% of the stock is owned by institutional investors.

PSDO has been the subject of several recent analyst reports. BidaskClub raised Presidio from a “hold” rating to a “buy” rating in a research note on Wednesday, January 16th. Zacks Investment Research raised Presidio from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research note on Wednesday, January 9th. Finally, SunTrust Banks initiated coverage on Presidio in a research note on Tuesday, December 4th. They issued a “buy” rating and a $17.00 price objective for the company. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $16.86.

In other news, Director Steven J. Lerner acquired 10,000 shares of the company’s stock in a transaction dated Thursday, November 15th. The stock was acquired at an average cost of $13.22 per share, with a total value of $132,200.00. Following the completion of the purchase, the director now owns 20,000 shares of the company’s stock, valued at approximately $264,400. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 2.00% of the company’s stock.

Shares of NASDAQ PSDO opened at $15.92 on Friday. Presidio Inc has a twelve month low of $11.97 and a twelve month high of $18.36. The company has a quick ratio of 1.02, a current ratio of 1.05 and a debt-to-equity ratio of 1.31. The firm has a market capitalization of $1.31 billion, a PE ratio of 37.90, a PEG ratio of 3.23 and a beta of 1.41.

Presidio (NASDAQ:PSDO) last issued its quarterly earnings data on Wednesday, November 7th. The company reported $0.15 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.05). Presidio had a net margin of 4.54% and a return on equity of 5.63%. The firm had revenue of $750.00 million during the quarter, compared to analyst estimates of $747.79 million. During the same period in the previous year, the firm posted $0.38 earnings per share. The company’s quarterly revenue was up 2.6% compared to the same quarter last year. As a group, research analysts anticipate that Presidio Inc will post 0.62 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 7th. Stockholders of record on Wednesday, December 26th were paid a $0.04 dividend. The ex-dividend date was Monday, December 24th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.01%. Presidio’s payout ratio is presently 11.51%.

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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.

Read More: Why is insider trading harmful?

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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