SG Americas Securities LLC purchased a new position in shares of Presidio Inc (NASDAQ:PSDO) during the first quarter, HoldingsChannel reports. The fund purchased 15,236 shares of the company’s stock, valued at approximately $225,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in PSDO. Great West Life Assurance Co. Can boosted its holdings in Presidio by 21.9% during the fourth quarter. Great West Life Assurance Co. Can now owns 4,136 shares of the company’s stock worth $52,000 after buying an additional 742 shares in the last quarter. Legal & General Group Plc lifted its holdings in Presidio by 44.7% during the fourth quarter. Legal & General Group Plc now owns 6,492 shares of the company’s stock valued at $84,000 after purchasing an additional 2,006 shares in the last quarter. Amundi Pioneer Asset Management Inc. purchased a new position in Presidio during the fourth quarter valued at $121,000. Menta Capital LLC purchased a new position in Presidio during the fourth quarter valued at $132,000. Finally, BNP Paribas Arbitrage SA lifted its holdings in 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 purchasing an additional 6,172 shares in the last quarter. 97.30% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have issued reports on PSDO. BidaskClub downgraded shares of Presidio from a “sell” rating to a “strong sell” rating in a report on Wednesday, May 15th. Zacks Investment Research downgraded shares of Presidio from a “hold” rating to a “sell” rating in a report on Tuesday, May 14th. TheStreet raised shares of Presidio from a “d” rating to a “b-” rating in a report on Wednesday, May 8th. Finally, ValuEngine downgraded shares of Presidio from a “buy” rating to a “hold” rating in a report on Thursday, March 7th. Two investment analysts have 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 currently has a consensus rating of “Hold” and a consensus price target of $15.67.

PSDO opened at $13.01 on Tuesday. 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 firm has a market cap of $1.10 billion, a price-to-earnings ratio of 9.36, a P/E/G ratio of 5.20 and a beta of 1.38. Presidio Inc has a 52-week low of $12.04 and a 52-week high of $17.81.

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

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Wednesday, June 26th will be given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend is Tuesday, June 25th. Presidio’s dividend payout ratio (DPR) is 11.51%.

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

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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.

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Institutional Ownership by Quarter for Presidio (NASDAQ:PSDO)

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