State Board of Administration of Florida Retirement System acquired a new stake in Presidio Inc (NASDAQ:PSDO) in the 4th quarter, HoldingsChannel.com reports. The fund acquired 97,333 shares of the company’s stock, valued at approximately $1,270,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Meeder Asset Management Inc. purchased a new position in Presidio in the fourth quarter worth approximately $29,000. California Public Employees Retirement System lifted its position in shares of Presidio by 7.0% during the 2nd quarter. California Public Employees Retirement System now owns 62,015 shares of the company’s stock worth $812,000 after buying an additional 4,080 shares during the last quarter. IndexIQ Advisors LLC lifted its position in shares of Presidio by 3.9% during the 3rd quarter. IndexIQ Advisors LLC now owns 145,348 shares of the company’s stock worth $2,217,000 after buying an additional 5,489 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Presidio by 3.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 162,936 shares of the company’s stock worth $2,485,000 after buying an additional 5,781 shares during the last quarter. Finally, MetLife Investment Advisors LLC lifted its position in shares of Presidio by 54.8% during the 3rd quarter. MetLife Investment Advisors LLC now owns 19,474 shares of the company’s stock worth $297,000 after buying an additional 6,892 shares during the last quarter. 99.60% of the stock is owned by institutional investors and hedge funds.
Shares of Presidio stock opened at $16.33 on Friday. The firm has a market capitalization of $1.37 billion, a PE ratio of 43.60, a price-to-earnings-growth ratio of 4.26 and a beta of 1.41. Presidio Inc has a 12 month low of $11.97 and a 12 month high of $17.81. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.02 and a current ratio of 1.04.
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 5th. Stockholders of record on Wednesday, March 27th will be issued a $0.04 dividend. The ex-dividend date of this dividend is Tuesday, March 26th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.98%. Presidio’s payout ratio is 11.51%.
Several analysts have recently weighed in on the stock. ValuEngine upgraded shares of Presidio from a “hold” rating to a “buy” rating in a research report on Wednesday, February 13th. Zacks Investment Research upgraded shares of Presidio from a “sell” rating to a “hold” rating in a research report on Wednesday, November 28th. SunTrust Banks assumed coverage on shares of Presidio in a research report on Tuesday, December 4th. They set a “buy” rating and a $17.00 price objective for the company. Finally, BidaskClub upgraded shares of Presidio from a “sell” rating to a “hold” rating in a research report on Saturday, November 17th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $16.50.
In other news, major shareholder Apollo Management Holdings Gp, sold 4,000,000 shares of Presidio stock in a transaction on Tuesday, February 12th. The shares were sold at an average price of $15.11, for a total value of $60,440,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 2.00% of the company’s stock.
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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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