Stone Ridge Asset Management LLC bought a new stake in Presidio Inc (NASDAQ:PSDO) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 11,235 shares of the company’s stock, valued at approximately $215,000.
Other large investors have also bought and sold shares of the company. Teacher Retirement System of Texas acquired a new position in Presidio in the fourth quarter valued at about $210,000. The Manufacturers Life Insurance Company bought a new stake in shares of Presidio in the second quarter valued at about $201,000. Jackson Wealth Management LLC bought a new stake in shares of Presidio in the fourth quarter valued at about $312,000. Renaissance Technologies LLC bought a new stake in shares of Presidio in the fourth quarter valued at about $377,000. Finally, Susquehanna International Group LLP bought a new stake in shares of Presidio in the third quarter valued at about $288,000. 97.00% of the stock is owned by hedge funds and other institutional investors.
PSDO has been the topic of a number of research reports. Wells Fargo set a $21.00 price target on Presidio and gave the company a “buy” rating in a report on Friday, December 29th. JPMorgan Chase initiated coverage on Presidio in a report on Wednesday, March 7th. They issued a “neutral” rating and a $17.00 price target on the stock. Barclays lowered Presidio from an “overweight” rating to an “equal weight” rating and boosted their price target for the company from $17.00 to $20.00 in a report on Wednesday, January 17th. BidaskClub upgraded Presidio from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 20th. Finally, Evercore ISI set a $19.00 price target on Presidio and gave the company a “buy” rating in a report on Monday, December 11th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $18.50.
Shares of Presidio stock opened at $15.55 on Friday. The stock has a market capitalization of $1,436.19 and a PE ratio of 311.00. Presidio Inc has a one year low of $12.75 and a one year high of $19.74. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.01 and a current ratio of 1.04.
Presidio (NASDAQ:PSDO) last issued its quarterly earnings results on Thursday, February 8th. The company reported $0.11 EPS 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 firm had revenue of $661.60 million during the quarter, compared to the consensus estimate of $742.74 million. analysts predict that Presidio Inc will post 0.54 earnings per share for the current fiscal year.
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Presidio Company Profile
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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