Insider Buying: Presidio Inc (NASDAQ:PSDO) Director Buys 5,000 Shares of Stock
Presidio Inc (NASDAQ:PSDO) Director Steven J. Lerner purchased 5,000 shares of the business’s stock in a transaction on Friday, June 7th. The shares were acquired at an average price of $12.82 per share, with a total value of $64,100.00. Following the completion of the transaction, the director now owns 25,000 shares of the company’s stock, valued at $320,500. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
NASDAQ PSDO traded down $0.17 during trading on Wednesday, hitting $13.01. 2,103 shares of the company’s stock traded hands, compared to its average volume of 426,354. 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 12-month low of $12.04 and a 12-month high of $17.81. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of 9.35, a PEG ratio of 5.04 and a beta of 1.38.
Presidio (NASDAQ:PSDO) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the 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 business had revenue of $705.20 million during the quarter, compared to analyst estimates of $679.20 million. During the same period in the prior year, the business posted $0.28 earnings per share. The company’s revenue was up 7.9% on a year-over-year basis. Equities analysts expect that Presidio Inc will post 0.43 earnings per share for the current fiscal year.
Several analysts have issued reports on PSDO shares. ValuEngine upgraded shares of Presidio from a “hold” rating to a “buy” rating in a research report on Wednesday, February 13th. BidaskClub upgraded shares of Presidio from a “hold” rating to a “buy” rating in a research report on Friday, March 1st. Zacks Investment Research upgraded shares of Presidio from a “sell” rating to a “hold” rating in a research report on Wednesday, April 10th. Finally, TheStreet upgraded shares of Presidio from a “d” rating to a “b-” rating in a research report on Wednesday, May 8th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. Presidio has a consensus rating of “Hold” and a consensus target price of $15.67.
Several institutional investors have recently bought and sold shares of the company. FMR LLC boosted its holdings in shares of Presidio by 11.6% during the first quarter. FMR LLC now owns 12,017,771 shares of the company’s stock worth $177,863,000 after purchasing an additional 1,247,518 shares during the period. ArrowMark Colorado Holdings LLC boosted its holdings in shares of Presidio by 4.5% during the first quarter. ArrowMark Colorado Holdings LLC now owns 7,704,707 shares of the company’s stock worth $114,030,000 after purchasing an additional 335,056 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in shares of Presidio by 15.7% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,666,821 shares of the company’s stock worth $34,802,000 after purchasing an additional 362,744 shares during the period. BlackRock Inc. boosted its holdings in shares of Presidio by 8.6% during the first quarter. BlackRock Inc. now owns 2,608,281 shares of the company’s stock worth $38,602,000 after purchasing an additional 207,600 shares during the period. Finally, American Century Companies Inc. boosted its holdings in shares of Presidio by 12.5% during the fourth quarter. American Century Companies Inc. now owns 1,304,018 shares of the company’s stock worth $17,017,000 after purchasing an additional 144,806 shares during the period. Institutional investors own 97.30% of the company’s stock.
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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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