BidaskClub downgraded shares of Presidio (NASDAQ:PSDO) from a hold rating to a sell rating in a research note issued to investors on Friday morning.
Several other research firms have also recently commented on PSDO. Goldman Sachs Group initiated coverage on shares of Presidio in a research note on Monday, August 27th. They issued a neutral rating and a $15.00 target price for the company. Zacks Investment Research cut shares of Presidio from a hold rating to a sell rating in a research note on Friday, September 7th. Finally, ValuEngine cut shares of Presidio from a buy rating to a hold rating in a research note on Tuesday, October 2nd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $17.71.
Shares of PSDO stock traded up $0.25 during mid-day trading on Friday, hitting $13.56. The stock had a trading volume of 103,372 shares, compared to its average volume of 218,363. Presidio has a fifty-two week low of $11.97 and a fifty-two week high of $19.74. The stock has a market capitalization of $1.12 billion, a PE ratio of 28.25, a price-to-earnings-growth ratio of 2.76 and a beta of 1.27. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.03 and a current ratio of 1.06.
Presidio (NASDAQ:PSDO) last released its earnings results on Thursday, September 6th. The company reported $0.34 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.17. Presidio had a net margin of 4.70% and a return on equity of 6.33%. The company had revenue of $766.30 million during the quarter, compared to analysts’ expectations of $756.81 million. During the same quarter last year, the business earned $0.25 EPS. The business’s revenue was up 5.1% on a year-over-year basis. Equities analysts forecast that Presidio will post 0.62 earnings per share for the current fiscal year.
The business also recently disclosed an annual dividend, which was paid on Friday, October 5th. Investors of record on Wednesday, September 26th were paid a $0.04 dividend. This represents a dividend yield of 0.24%. The ex-dividend date was Tuesday, September 25th. Presidio’s dividend payout ratio (DPR) is 11.51%.
In related news, major shareholder Apollo Management Holdings Gp, sold 3,000,000 shares of the firm’s stock in a transaction dated Thursday, September 20th. The shares were sold at an average price of $15.24, for a total value of $45,720,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.00% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in PSDO. Sun Life Financial INC acquired a new stake in shares of Presidio in the second quarter valued at about $144,000. Metropolitan Life Insurance Co. NY lifted its stake in shares of Presidio by 49.1% in the second quarter. Metropolitan Life Insurance Co. NY now owns 13,131 shares of the company’s stock valued at $172,000 after purchasing an additional 4,324 shares during the period. Engineers Gate Manager LP acquired a new position in Presidio during the second quarter worth about $175,000. Alambic Investment Management L.P. acquired a new position in Presidio during the second quarter worth about $186,000. Finally, BlueMountain Capital Management LLC acquired a new position in Presidio during the second quarter worth about $197,000.
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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