Federated Investors Inc. PA trimmed its position in shares of Presidio Inc (NASDAQ:PSDO) by 14.4% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 578,728 shares of the company’s stock after selling 97,250 shares during the period. Federated Investors Inc. PA owned approximately 0.62% of Presidio worth $7,581,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in PSDO. California State Teachers Retirement System lifted its holdings in Presidio by 39.2% in the 1st quarter. California State Teachers Retirement System now owns 48,054 shares of the company’s stock worth $752,000 after buying an additional 13,526 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of Presidio by 27.2% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 149,095 shares of the company’s stock valued at $2,332,000 after purchasing an additional 31,848 shares in the last quarter. Comerica Bank raised its stake in shares of Presidio by 12.4% in the 2nd quarter. Comerica Bank now owns 296,186 shares of the company’s stock valued at $3,945,000 after purchasing an additional 32,573 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Presidio by 61.2% in the 1st quarter. The Manufacturers Life Insurance Company now owns 32,044 shares of the company’s stock valued at $502,000 after purchasing an additional 12,167 shares in the last quarter. Finally, Mackay Shields LLC bought a new stake in shares of Presidio during the 1st quarter valued at about $805,000. Institutional investors own 99.46% of the company’s stock.

Presidio stock traded up $0.11 during trading hours on Friday, hitting $16.84. The company had a trading volume of 253,852 shares, compared to its average volume of 196,347. The firm has a market cap of $1.56 billion, a PE ratio of 12.12, a P/E/G ratio of 3.01 and a beta of 1.08. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.03 and a current ratio of 1.06. Presidio Inc has a fifty-two week low of $11.97 and a fifty-two week high of $19.74.

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

The company also recently announced 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 is Tuesday, September 25th. This represents a yield of 0.24%.

In related news, major shareholder Apollo Management Holdings Gp, sold 10,750,000 shares of the firm’s stock in a transaction on Wednesday, September 12th. The shares were sold at an average price of $14.75, for a total value of $158,562,500.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 2.70% of the company’s stock.

PSDO has been the subject of several recent analyst reports. ValuEngine upgraded shares of Presidio from a “hold” rating to a “buy” rating in a research report on Thursday, August 23rd. BidaskClub upgraded shares of Presidio from a “sell” rating to a “hold” rating in a research report on Saturday, August 11th. Zacks Investment Research upgraded shares of Presidio from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 11th. Finally, Goldman Sachs Group initiated 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. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. The stock 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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Institutional Ownership by Quarter for Presidio (NASDAQ:PSDO)

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