Presidio Inc (NASDAQ:PSDO) was the target of a significant growth in short interest in the month of June. As of June 30th, there was short interest totalling 2,065,500 shares, a growth of 10.6% from the May 30th total of 1,866,800 shares. Approximately 4.4% of the shares of the company are short sold. Based on an average trading volume of 293,000 shares, the days-to-cover ratio is presently 7.0 days.
PSDO has been the topic of a number of research reports. BidaskClub lowered shares of Zions Bancorporation NA from a “sell” rating to a “strong sell” rating in a research report on Wednesday, May 15th. TheStreet upgraded shares of SUMMIT THERAPEU/S from a “d” rating to a “c-” rating in a research note on Thursday, June 13th. Finally, Zacks Investment Research upgraded shares of HB Fuller from a “sell” rating to a “hold” rating in a research note on Wednesday, July 3rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. Presidio presently has a consensus rating of “Hold” and an average target price of $15.67.
PSDO opened at $13.74 on Tuesday. Presidio has a fifty-two week low of $12.04 and a fifty-two week high of $17.81. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.05 and a quick ratio of 1.02. The business’s fifty day simple moving average is $13.46. The firm has a market capitalization of $1.17 billion, a P/E ratio of 32.86, a P/E/G ratio of 3.27 and a beta of 1.32.
Presidio (NASDAQ:PSDO) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $0.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.01. Presidio had a net margin of 1.33% and a return on equity of 6.09%. The firm had revenue of $705.20 million for the quarter, compared to the consensus estimate of $679.20 million. During the same quarter in the previous year, the company earned $0.28 earnings per share. The business’s revenue was up 7.9% compared to the same quarter last year. On average, analysts forecast that Presidio will post 0.43 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, July 5th. Shareholders of record on Wednesday, June 26th were paid a dividend of $0.04 per share. The ex-dividend date was Tuesday, June 25th. This represents a $0.16 dividend on an annualized basis and a yield of 1.16%. Presidio’s dividend payout ratio is currently 11.51%.
In related news, Chairman Robert Cagnazzi bought 10,000 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The shares were acquired at an average price of $12.82 per share, with a total value of $128,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Steven J. Lerner bought 5,000 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The shares were bought at an average cost of $12.82 per share, for a total transaction of $64,100.00. Following the transaction, the director now directly owns 25,000 shares of the company’s stock, valued at approximately $320,500. The disclosure for this purchase can be found here. Insiders own 2.00% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the business. PNC Financial Services Group Inc. acquired a new stake in Presidio during the first quarter worth $35,000. Pearl River Capital LLC acquired a new stake in shares of Presidio in the 1st quarter valued at $48,000. Great West Life Assurance Co. Can boosted its stake in shares of Presidio by 21.9% in the 4th quarter. Great West Life Assurance Co. Can now owns 4,136 shares of the company’s stock valued at $52,000 after purchasing an additional 742 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of Presidio by 44.7% in the 4th quarter. Legal & General Group Plc now owns 6,492 shares of the company’s stock valued at $84,000 after purchasing an additional 2,006 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. acquired a new stake in shares of Presidio in the 4th quarter valued at $121,000. Hedge funds and other institutional investors own 97.30% of the company’s stock.
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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