Axa acquired a new stake in Presidio Inc (NASDAQ:PSDO) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 268,519 shares of the company’s stock, valued at approximately $5,148,000. Axa owned about 0.29% of Presidio as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in the stock. Geode Capital Management LLC increased its holdings in Presidio by 13.8% in the fourth quarter. Geode Capital Management LLC now owns 338,352 shares of the company’s stock valued at $6,486,000 after buying an additional 41,141 shares during the last quarter. Citadel Advisors LLC increased its holdings in Presidio by 135.7% in the fourth quarter. Citadel Advisors LLC now owns 89,100 shares of the company’s stock valued at $1,708,000 after buying an additional 51,291 shares during the last quarter. BlackRock Inc. increased its holdings in Presidio by 44.5% in the fourth quarter. BlackRock Inc. now owns 1,216,504 shares of the company’s stock valued at $23,320,000 after buying an additional 374,867 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Presidio by 60.5% in the fourth quarter. Bank of New York Mellon Corp now owns 95,221 shares of the company’s stock valued at $1,825,000 after buying an additional 35,908 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in Presidio by 18.6% in the fourth quarter. The Manufacturers Life Insurance Company now owns 19,877 shares of the company’s stock valued at $381,000 after buying an additional 3,118 shares during the last quarter. 97.00% of the stock is owned by hedge funds and other institutional investors.
Presidio Inc (NASDAQ:PSDO) opened at $15.87 on Friday. The company has a market capitalization of $1,472.97 and a P/E ratio of 13.74. Presidio Inc has a fifty-two week low of $12.75 and a fifty-two week high of $19.74. The company has a current ratio of 1.04, a quick ratio of 1.01 and a debt-to-equity ratio of 0.94.
Presidio (NASDAQ:PSDO) last issued its quarterly earnings data on Thursday, February 8th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.02). The business had revenue of $661.60 million for the quarter, compared to analyst estimates of $742.74 million. Presidio had a return on equity of 9.62% and a net margin of 4.11%. sell-side analysts predict that Presidio Inc will post 0.54 EPS for the current fiscal year.
Several research firms have recently commented on PSDO. Zacks Investment Research raised Presidio from a “sell” rating to a “buy” rating and set a $17.00 target price for the company in a report on Wednesday, November 22nd. BidaskClub lowered Presidio from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 10th. JPMorgan Chase & Co. began coverage on Presidio in a report on Wednesday, March 7th. They set a “neutral” rating and a $17.00 target price for the company. Evercore ISI set a $19.00 target price on Presidio and gave the company a “buy” rating in a report on Friday, February 9th. Finally, Barclays lowered Presidio from an “overweight” rating to an “equal weight” rating and upped their target price for the company from $17.00 to $20.00 in a report on Wednesday, January 17th. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $18.33.
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Presidio, Inc is a United States-based company, which is an information technology (IT) solutions provider. The Company’s services include strategy and consulting, solutions design and deployment, managed services, asset maintenance and support, financing services, global services and carrier connectivity.
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