Barclays PLC Raises Stock Position in Presidio Inc (NASDAQ:PSDO)
Barclays PLC increased its position in shares of Presidio Inc (NASDAQ:PSDO) by 46.3% in the 3rd quarter, HoldingsChannel reports. The fund owned 111,617 shares of the company’s stock after acquiring an additional 35,312 shares during the period. Barclays PLC’s holdings in Presidio were worth $1,885,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Public Employees Retirement System of Ohio grew its holdings in Presidio by 1.9% in the second quarter. Public Employees Retirement System of Ohio now owns 43,143 shares of the company’s stock worth $590,000 after purchasing an additional 818 shares during the last quarter. California State Teachers Retirement System grew its stake in Presidio by 1.2% during the 3rd quarter. California State Teachers Retirement System now owns 71,869 shares of the company’s stock worth $1,215,000 after buying an additional 858 shares during the last quarter. Bailard Inc. increased its position in Presidio by 5.5% during the 2nd quarter. Bailard Inc. now owns 17,200 shares of the company’s stock valued at $235,000 after buying an additional 900 shares in the last quarter. United Services Automobile Association increased its position in Presidio by 23.6% during the 2nd quarter. United Services Automobile Association now owns 14,854 shares of the company’s stock valued at $203,000 after buying an additional 2,838 shares in the last quarter. Finally, Quantamental Technologies LLC acquired a new position in Presidio during the 2nd quarter valued at about $42,000. Hedge funds and other institutional investors own 95.26% of the company’s stock.
NASDAQ:PSDO opened at $16.56 on Friday. The company has a market cap of $1.38 billion, a PE ratio of 41.40 and a beta of 1.18. Presidio Inc has a twelve month low of $12.04 and a twelve month high of $17.49. The company has a current ratio of 1.07, a quick ratio of 1.04 and a debt-to-equity ratio of 1.09. The company’s 50 day moving average is $16.60 and its two-hundred day moving average is $15.16.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Thursday, December 26th will be issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date is Tuesday, December 24th. Presidio’s dividend payout ratio (DPR) is presently 40.00%.
Several equities research analysts have weighed in on the company. BidaskClub downgraded Presidio from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 13th. ValuEngine upgraded Presidio from a “sell” rating to a “hold” rating in a research note on Tuesday, November 19th.
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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