New York State Common Retirement Fund grew its holdings in Presidio (NASDAQ:PSDO) by 218.6% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 64,350 shares of the company’s stock after buying an additional 44,150 shares during the period. New York State Common Retirement Fund’s holdings in Presidio were worth $1,006,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Teacher Retirement System of Texas purchased a new stake in shares of Presidio in the fourth quarter valued at about $210,000. Stone Ridge Asset Management LLC purchased a new stake in shares of Presidio in the fourth quarter valued at about $215,000. Gotham Asset Management LLC purchased a new stake in shares of Presidio in the fourth quarter valued at about $241,000. MetLife Investment Advisors LLC purchased a new stake in shares of Presidio in the fourth quarter valued at about $241,000. Finally, Two Sigma Advisers LP purchased a new stake in shares of Presidio in the fourth quarter valued at about $356,000. 98.50% of the stock is owned by institutional investors and hedge funds.
PSDO has been the subject of a number of research reports. JPMorgan Chase & Co. raised shares of Presidio from a “neutral” rating to an “overweight” rating in a report on Monday, March 26th. Royal Bank of Canada cut shares of Presidio from an “outperform” rating to a “sector perform” rating and set a $19.00 target price for the company. in a report on Friday, May 11th. Zacks Investment Research cut shares of Presidio from a “hold” rating to a “sell” rating in a report on Wednesday, May 16th. Wells Fargo & Co cut shares of Presidio from an “outperform” rating to a “market perform” rating in a report on Thursday, May 10th. Finally, Barclays reduced their target price on shares of Presidio from $19.00 to $16.00 and set an “equal weight” rating for the company in a report on Friday, May 11th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $18.17.
NASDAQ PSDO opened at $13.10 on Friday. The stock has a market cap of $1.23 billion, a P/E ratio of 262.00, a PEG ratio of 5.52 and a beta of 0.75. Presidio has a 52-week low of $11.97 and a 52-week high of $19.74. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.07 and a quick ratio of 1.04.
Presidio (NASDAQ:PSDO) last posted its quarterly earnings results on Thursday, May 10th. The company reported $0.28 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.28. The firm had revenue of $665.10 million during the quarter, compared to analysts’ expectations of $688.64 million. Presidio had a net margin of 4.61% and a return on equity of 6.06%. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.27 earnings per share. sell-side analysts predict that Presidio will post 0.48 EPS for the current fiscal year.
Presidio, Inc provides information technology (IT) solutions to the middle market in North America. The company offers digital infrastructure solutions that enable clients to deploy IT infrastructure, as well as focuses on networking, collaboration, enterprise mobility, Internet of Things, and data analytics.
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