Cubist Systematic Strategies LLC decreased its position in Presidio Inc (NASDAQ:PSDO) by 75.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,819 shares of the company’s stock after selling 59,130 shares during the period. Cubist Systematic Strategies LLC’s holdings in Presidio were worth $257,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently modified their holdings of PSDO. Public Employees Retirement System of Ohio raised its stake in shares of Presidio by 1.9% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 43,143 shares of the company’s stock valued at $590,000 after buying an additional 818 shares during the last quarter. Bailard Inc. raised its stake in shares of 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 during the last quarter. Quantamental Technologies LLC purchased a new position in shares of Presidio during the 2nd quarter valued at about $42,000. Sun Life Financial INC raised its stake in shares of Presidio by 12.0% during the 2nd quarter. Sun Life Financial INC now owns 37,510 shares of the company’s stock valued at $513,000 after buying an additional 4,013 shares during the last quarter. Finally, Point72 Asset Management L.P. purchased a new position in shares of Presidio during the 2nd quarter valued at about $64,000. Institutional investors own 98.45% of the company’s stock.
Shares of NASDAQ PSDO traded up $0.01 during trading on Monday, reaching $16.76. 3,415 shares of the company traded hands, compared to its average volume of 1,320,059. The company has a current ratio of 1.05, a quick ratio of 1.03 and a debt-to-equity ratio of 1.15. Presidio Inc has a 12-month low of $12.04 and a 12-month high of $17.49. The firm’s fifty day simple moving average is $16.23 and its 200 day simple moving average is $14.64. The stock has a market cap of $1.39 billion, a P/E ratio of 41.91 and a beta of 1.21.
Presidio (NASDAQ:PSDO) last announced its quarterly earnings results on Thursday, August 29th. The company reported $0.41 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.04. Presidio had a return on equity of 5.62% and a net margin of 1.16%. The firm had revenue of $803.20 million during the quarter, compared to analyst estimates of $745.53 million. During the same quarter in the previous year, the business earned $0.34 EPS. Presidio’s revenue for the quarter was up 9.8% compared to the same quarter last year.
The firm also recently declared a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Wednesday, September 25th were paid a $0.04 dividend. The ex-dividend date was Tuesday, September 24th. This represents a $0.16 annualized dividend and a dividend yield of 0.95%. Presidio’s dividend payout ratio is presently 40.00%.
A number of equities analysts have weighed in on the company. BidaskClub lowered Presidio from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 13th. Zacks Investment Research upgraded Presidio from a “sell” rating to a “hold” rating in a research note on Wednesday, July 3rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $16.00.
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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