Presidio Inc (NASDAQ:PSDO) major shareholder Apollo Management Holdings Gp, sold 3,000,000 shares of the company’s stock in a transaction on Thursday, September 20th. The stock was sold at an average price of $15.24, for a total transaction of $45,720,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Apollo Management Holdings Gp, also recently made the following trade(s):

  • On Wednesday, September 12th, Apollo Management Holdings Gp, sold 10,750,000 shares of Presidio stock. The stock was sold at an average price of $14.75, for a total transaction of $158,562,500.00.

Shares of Presidio stock opened at $15.96 on Wednesday. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.06 and a quick ratio of 1.03. The stock has a market capitalization of $1.29 billion, a P/E ratio of 11.48, a price-to-earnings-growth ratio of 2.82 and a beta of 1.07. Presidio Inc has a 1 year low of $11.97 and a 1 year high of $19.74.

Presidio (NASDAQ:PSDO) last issued its quarterly earnings results on Thursday, September 6th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.17. The company had revenue of $766.30 million during the quarter, compared to analyst estimates of $756.81 million. Presidio had a net margin of 4.70% and a return on equity of 6.33%. Presidio’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period last year, the business earned $0.25 EPS. equities research analysts expect that Presidio Inc will post 0.69 earnings per share for the current fiscal year.

The firm also recently declared an annual dividend, which will be paid on Friday, October 5th. Investors of record on Wednesday, September 26th will be paid a $0.04 dividend. The ex-dividend date of this dividend is Tuesday, September 25th. This represents a dividend yield of 0.24%.

Institutional investors have recently modified their holdings of the stock. Sun Life Financial INC bought a new position in shares of Presidio in the 2nd quarter worth about $144,000. Metropolitan Life Insurance Co. NY increased its stake in shares of Presidio by 49.1% in the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 13,131 shares of the company’s stock worth $172,000 after acquiring an additional 4,324 shares in the last quarter. Engineers Gate Manager LP bought a new position in shares of Presidio in the 2nd quarter worth about $175,000. Alambic Investment Management L.P. bought a new position in shares of Presidio in the 2nd quarter worth about $186,000. Finally, BlueMountain Capital Management LLC bought a new position in shares of Presidio in the 2nd quarter worth about $197,000.

Several brokerages have commented on PSDO. Goldman Sachs Group began coverage on shares of Presidio in a report on Monday, August 27th. They issued a “neutral” rating and a $15.00 price objective for the company. ValuEngine upgraded shares of Presidio from a “hold” rating to a “buy” rating in a report on Thursday, August 23rd. Zacks Investment Research lowered shares of Presidio from a “hold” rating to a “sell” rating in a report on Friday, September 7th. Finally, BidaskClub upgraded shares of Presidio from a “sell” rating to a “hold” rating in a report on Saturday, August 11th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. Presidio currently has an average rating of “Hold” and a consensus target price of $17.71.

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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