Presidio (PSDO) Stock Rating Upgraded by BidaskClub

BidaskClub upgraded shares of Presidio (NASDAQ:PSDO) from a sell rating to a hold rating in a report published on Saturday.

PSDO has been the topic of a number of other reports. Wells Fargo & Co downgraded shares of Presidio from an outperform rating to a market perform rating in a report on Thursday, May 10th. Royal Bank of Canada downgraded shares of Presidio from an outperform rating to a sector perform rating and set a $19.00 price target on the stock. in a report on Friday, May 11th. Barclays reduced their price target on shares of Presidio from $19.00 to $16.00 and set an equal weight rating on the stock in a report on Friday, May 11th. Finally, Zacks Investment Research upgraded shares of Presidio from a strong sell rating to a hold rating in a report on Wednesday, July 11th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. Presidio presently has an average rating of Hold and a consensus price target of $18.17.

Presidio traded up $0.45, reaching $14.94, on Friday, according to Marketbeat Ratings. The company had a trading volume of 193,127 shares, compared to its average volume of 81,100. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.04 and a current ratio of 1.07. The company has a market cap of $1.34 billion, a P/E ratio of 298.80, a P/E/G ratio of 3.51 and a beta of 0.93. Presidio has a 12 month low of $11.97 and a 12 month high of $19.74.

Presidio (NASDAQ:PSDO) last announced its quarterly earnings results on Thursday, May 10th. The company reported $0.28 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.28. The company had revenue of $665.10 million for the quarter, compared to the consensus estimate of $688.64 million. Presidio had a net margin of 4.61% and a return on equity of 6.06%. Presidio’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.27 EPS. analysts forecast that Presidio will post 0.48 EPS for the current fiscal year.

Several institutional investors have recently bought and sold shares of PSDO. BlackRock Inc. increased its holdings in shares of Presidio by 45.5% in the 1st quarter. BlackRock Inc. now owns 1,770,595 shares of the company’s stock worth $27,692,000 after buying an additional 554,091 shares during the last quarter. Vaughan Nelson Investment Management L.P. increased its holdings in shares of Presidio by 30.9% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 2,261,466 shares of the company’s stock worth $35,370,000 after buying an additional 534,441 shares during the last quarter. Comerica Bank bought a new stake in shares of Presidio in the 1st quarter worth about $4,257,000. Dimensional Fund Advisors LP bought a new stake in shares of Presidio in the 2nd quarter worth about $3,294,000. Finally, Massachusetts Financial Services Co. MA increased its holdings in shares of Presidio by 6.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,129,434 shares of the company’s stock worth $27,896,000 after buying an additional 136,647 shares during the last quarter. Hedge funds and other institutional investors own 98.66% of the company’s stock.

Presidio Company Profile

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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Analyst Recommendations for Presidio (NASDAQ:PSDO)

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