AXA purchased a new position in Presidio Inc (NASDAQ:PSDO) in the fourth quarter, according to its most recent 13F filing 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 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of PSDO. Geode Capital Management LLC lifted its stake in shares of 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 in the last quarter. Citadel Advisors LLC lifted its stake in shares of 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 in the last quarter. BlackRock Inc. lifted its stake in shares of 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 in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of 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 in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of 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 in the last quarter. Institutional investors and hedge funds own 97.00% of the company’s stock.
A number of research analysts have weighed in on PSDO shares. Zacks Investment Research lowered shares of Presidio from a “buy” rating to a “hold” rating in a research note on Saturday, December 16th. Evercore ISI set a $19.00 price target on shares of Presidio and gave the company a “buy” rating in a research report on Monday, December 11th. BidaskClub raised shares of Presidio from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 20th. JPMorgan Chase raised shares of Presidio from a “neutral” rating to an “overweight” rating in a research report on Monday, March 26th. Finally, Barclays lowered 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 report on Wednesday, January 17th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $18.50.
Shares of PSDO traded down $0.53 during trading hours on Friday, reaching $15.55. 316,724 shares of the stock traded hands, compared to its average volume of 244,105. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.04 and a quick ratio of 1.01. Presidio Inc has a 52 week low of $12.75 and a 52 week high of $19.74. The firm has a market capitalization of $1,478.48 and a P/E ratio of 311.00.
Presidio (NASDAQ:PSDO) last released 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). The firm had revenue of $661.60 million for the quarter, compared to the consensus estimate of $742.74 million. Presidio had a net margin of 4.11% and a return on equity of 9.62%. equities research analysts expect that Presidio Inc will post 0.54 earnings per share for the current year.
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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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