Presidio Inc (PSDO) Announces Annual Dividend of $0.04
Presidio Inc (NASDAQ:PSDO) announced an annual dividend on Thursday, September 6th, NASDAQ reports. Shareholders of record on Wednesday, September 26th will be given a dividend of 0.04 per share on Friday, October 5th. This represents a yield of 0.24%. The ex-dividend date of this dividend is Tuesday, September 25th.
PSDO stock opened at $15.68 on Monday. The company has a quick ratio of 1.03, a current ratio of 1.06 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $1.29 billion, a price-to-earnings ratio of 11.28, a price-to-earnings-growth ratio of 2.82 and a beta of 1.07. Presidio has a 12 month low of $11.97 and a 12 month high of $19.74.
Presidio (NASDAQ:PSDO) last posted its earnings results on Thursday, September 6th. The company reported $0.34 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 the consensus estimate of $756.81 million. Presidio had a net margin of 4.70% and a return on equity of 6.33%. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.25 earnings per share. equities research analysts predict that Presidio will post 0.69 EPS for the current fiscal year.
In related news, major shareholder Apollo Management Holdings Gp, sold 10,750,000 shares of the company’s stock in a transaction on Wednesday, September 12th. The shares were sold at an average price of $14.75, for a total transaction of $158,562,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.70% of the stock is currently owned by corporate insiders.
A hedge fund recently raised its stake in Presidio stock. Bank of New York Mellon Corp boosted its stake in shares of Presidio Inc (NASDAQ:PSDO) by 22.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 157,155 shares of the company’s stock after purchasing an additional 28,805 shares during the quarter. Bank of New York Mellon Corp owned 0.17% of Presidio worth $2,059,000 at the end of the most recent quarter.
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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