Presidio Inc (NASDAQ:PSDO) Chairman Robert Cagnazzi purchased 10,000 shares of the firm’s stock in a transaction that occurred on Friday, June 7th. The stock was bought at an average price of $12.82 per share, for a total transaction of $128,200.00. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

NASDAQ:PSDO traded down $0.10 during trading hours on Wednesday, hitting $13.08. The company’s stock had a trading volume of 1,010 shares, compared to its average volume of 426,354. The firm has a market capitalization of $1.06 billion, a PE ratio of 9.37, a price-to-earnings-growth ratio of 5.04 and a beta of 1.38. The company has a quick ratio of 1.02, a current ratio of 1.05 and a debt-to-equity ratio of 1.21. Presidio Inc has a twelve month low of $12.04 and a twelve month high of $17.81.

Presidio (NASDAQ:PSDO) last released its quarterly earnings data on Wednesday, May 8th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.01. The business had revenue of $705.20 million for the quarter, compared to analyst estimates of $679.20 million. Presidio had a return on equity of 6.09% and a net margin of 1.33%. Presidio’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, analysts anticipate that Presidio Inc will post 0.43 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Wednesday, June 26th will be paid a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 1.22%. The ex-dividend date is Tuesday, June 25th. Presidio’s dividend payout ratio (DPR) is presently 11.51%.

Several hedge funds have recently made changes to their positions in the company. PNC Financial Services Group Inc. purchased a new stake in Presidio in the first quarter valued at $35,000. Pearl River Capital LLC acquired a new position in Presidio during the first quarter worth about $48,000. Great West Life Assurance Co. Can grew its position 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 during the period. Legal & General Group Plc grew its position in Presidio by 44.7% during the fourth quarter. Legal & General Group Plc now owns 6,492 shares of the company’s stock worth $84,000 after buying an additional 2,006 shares during the period. Finally, Amundi Pioneer Asset Management Inc. acquired a new position in Presidio during the fourth quarter worth about $121,000. 97.30% of the stock is currently owned by hedge funds and other institutional investors.

PSDO has been the topic of several research analyst reports. Zacks Investment Research raised Presidio from a “sell” rating to a “hold” rating in a research note on Wednesday, April 10th. BidaskClub raised Presidio from a “strong sell” rating to a “sell” rating in a research note on Wednesday, May 8th. ValuEngine raised Presidio from a “hold” rating to a “buy” rating in a research note on Wednesday, February 13th. Finally, TheStreet raised Presidio from a “d” rating to a “b-” rating in a research note on Wednesday, May 8th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $15.67.

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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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