AXA purchased a new position in shares of Presidio Inc (NASDAQ:PSDO) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 268,519 shares of the company’s stock, valued at approximately $5,148,000. AXA owned 0.29% of Presidio as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also added to or reduced their stakes in the stock. Vaughan Nelson Investment Management L.P. increased its holdings in Presidio by 39.2% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 1,727,025 shares of the company’s stock valued at $33,107,000 after buying an additional 486,625 shares during the period. Vanguard Group Inc. bought a new position in Presidio in the 2nd quarter valued at about $18,605,000. BlackRock Inc. increased its holdings in Presidio by 44.5% in the 4th 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 period. Jennison Associates LLC increased its holdings in Presidio by 4.7% in the 3rd quarter. Jennison Associates LLC now owns 1,132,258 shares of the company’s stock valued at $16,021,000 after buying an additional 50,598 shares during the period. Finally, American Century Companies Inc. increased its holdings in Presidio by 8.8% in the 4th quarter. American Century Companies Inc. now owns 1,039,155 shares of the company’s stock valued at $19,921,000 after buying an additional 83,888 shares during the period. 97.00% of the stock is currently owned by institutional investors and hedge funds.
Shares of Presidio Inc (NASDAQ:PSDO) opened at $15.21 on Friday. Presidio Inc has a one year low of $12.75 and a one year high of $19.74. The company has a quick ratio of 1.01, a current ratio of 1.04 and a debt-to-equity ratio of 0.94. The firm has a market cap of $1,449.06 and a P/E ratio of 24.25.
Presidio (NASDAQ:PSDO) last posted its quarterly earnings results on Thursday, February 8th. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.02). Presidio had a net margin of 4.11% and a return on equity of 9.62%. The company had revenue of $661.60 million during the quarter, compared to analyst estimates of $742.74 million. sell-side analysts anticipate that Presidio Inc will post 0.54 earnings per share for the current year.
Several equities analysts have commented on PSDO shares. Zacks Investment Research lowered shares of Presidio from a “buy” rating to a “hold” rating in a report on Saturday, December 16th. Evercore ISI set a $19.00 target price on shares of Presidio and gave the company a “buy” rating in a report on Monday, December 11th. BidaskClub raised shares of Presidio from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 20th. JPMorgan Chase & Co. initiated coverage on shares of Presidio in a report on Wednesday, March 7th. They issued a “neutral” rating and a $17.00 target price on the stock. Finally, Barclays downgraded shares of Presidio from an “overweight” rating to an “equal weight” rating and raised their price target for the company from $17.00 to $20.00 in a research note on Wednesday, January 17th. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Presidio presently has an average rating of “Hold” and an average 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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