Presidio (PSDO) Issues Earnings Results

Presidio (NASDAQ:PSDO) released its earnings results on Wednesday. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.05, Bloomberg Earnings reports. Presidio had a net margin of 4.54% and a return on equity of 5.63%. The company had revenue of $767.80 million for the quarter, compared to the consensus estimate of $682.55 million. During the same period in the prior year, the company posted $0.31 EPS. The company’s revenue was up 18.3% compared to the same quarter last year. Presidio updated its FY 2019 guidance to EPS.

Shares of PSDO stock traded down $0.27 on Wednesday, reaching $15.01. The company had a trading volume of 951,402 shares, compared to its average volume of 281,524. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.05 and a quick ratio of 1.02. The stock has a market cap of $1.30 billion, a PE ratio of 10.80, a price-to-earnings-growth ratio of 3.19 and a beta of 1.41. Presidio has a 12 month low of $11.97 and a 12 month high of $17.81.

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The business also recently declared a quarterly dividend, which was paid on Monday, January 7th. Stockholders of record on Wednesday, December 26th were paid a $0.04 dividend. The ex-dividend date of this dividend was Monday, December 24th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.07%. Presidio’s dividend payout ratio (DPR) is presently 11.51%.

A number of research firms have issued reports on PSDO. Zacks Investment Research downgraded shares of Presidio from a “buy” rating to a “sell” rating in a research report on Wednesday. SunTrust Banks began coverage on shares of Presidio in a research report on Tuesday, December 4th. They set a “buy” rating and a $17.00 target price on the stock. Finally, BidaskClub upgraded shares of Presidio from a “sell” rating to a “hold” rating in a research report on Saturday, November 17th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. Presidio presently has a consensus rating of “Hold” and an average target price of $16.86.

In related news, Director Steven J. Lerner purchased 10,000 shares of the stock in a transaction dated Thursday, November 15th. The stock was bought at an average cost of $13.22 per share, with a total value of $132,200.00. Following the purchase, the director now directly owns 20,000 shares in the company, valued at approximately $264,400. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.00% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Sun Life Financial INC increased its stake in shares of Presidio by 133.1% in the 4th quarter. Sun Life Financial INC now owns 25,774 shares of the company’s stock valued at $336,000 after acquiring an additional 14,718 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of Presidio by 4.1% in the 4th quarter. Victory Capital Management Inc. now owns 26,892 shares of the company’s stock valued at $351,000 after acquiring an additional 1,048 shares during the last quarter. State Board of Administration of Florida Retirement System bought a new stake in shares of Presidio in the 4th quarter valued at about $1,270,000. Rhumbline Advisers increased its stake in shares of Presidio by 56.0% in the 4th quarter. Rhumbline Advisers now owns 48,922 shares of the company’s stock valued at $638,000 after acquiring an additional 17,559 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. increased its stake in shares of Presidio by 2.5% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 2,198,057 shares of the company’s stock valued at $28,684,000 after acquiring an additional 53,116 shares during the last quarter. 98.35% of the stock is owned by institutional investors.

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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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