California State Teachers Retirement System raised its stake in Presidio Inc (NASDAQ:PSDO) by 14.7% during the fourth quarter, Holdings Channel reports. The firm owned 34,528 shares of the company’s stock after purchasing an additional 4,423 shares during the period. California State Teachers Retirement System’s holdings in Presidio were worth $662,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in PSDO. ArrowMark Colorado Holdings LLC boosted its holdings in shares of Presidio by 267.1% in the 4th quarter. ArrowMark Colorado Holdings LLC now owns 4,682,023 shares of the company’s stock valued at $89,754,000 after purchasing an additional 3,406,572 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its holdings in shares of 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 purchasing an additional 486,625 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of 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 purchasing an additional 374,867 shares during the last quarter. AXA acquired a new position in shares of Presidio in the 4th quarter valued at $5,148,000. Finally, State Street Corp acquired a new position in shares of Presidio in the 2nd quarter valued at $3,390,000. Institutional investors own 97.00% of the company’s stock.
NASDAQ:PSDO opened at $15.55 on Monday. The company has a current ratio of 1.04, a quick ratio of 1.01 and a debt-to-equity ratio of 0.94. The firm has a market cap of $1,429.74 and a P/E ratio of 311.00. Presidio Inc has a twelve month low of $12.75 and a twelve month high of $19.74.
Presidio (NASDAQ:PSDO) last posted its earnings results on Thursday, February 8th. The company reported $0.11 earnings per share 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 net margin of 4.11% and a return on equity of 9.62%. sell-side analysts forecast that Presidio Inc will post 0.54 EPS for the current year.
PSDO has been the topic of a number of research analyst reports. 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 price target on shares of Presidio and gave the company a “buy” rating in a report on Monday, December 11th. BidaskClub upgraded shares of Presidio from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 20th. JPMorgan Chase upgraded shares of Presidio from a “neutral” rating to an “overweight” rating in a report on Monday, March 26th. Finally, Barclays lowered shares of Presidio from an “overweight” rating to an “equal weight” rating and lifted their target price for the company from $17.00 to $20.00 in a report on Wednesday, January 17th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. Presidio currently has a consensus rating of “Buy” and an average target price of $18.50.
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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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