Presidio (PSDO) Upgraded to Hold by BidaskClub

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

PSDO has been the subject of several other research reports. Wells Fargo & Co downgraded shares of Presidio from an outperform rating to a market perform rating in a research report on Thursday, May 10th. Royal Bank of Canada cut shares of Presidio from an outperform rating to a sector perform rating and set a $19.00 target price on the stock. in a report on Friday, May 11th. Barclays dropped their target price 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 research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $18.17.

Shares of NASDAQ PSDO traded up $0.45 on Friday, reaching $14.94. 193,127 shares of the company’s stock traded hands, compared to its average volume of 81,100. Presidio has a 12 month low of $11.97 and a 12 month high of $19.74. The company has a market capitalization of $1.34 billion, a price-to-earnings ratio of 298.80, a P/E/G ratio of 3.51 and a beta of 0.93. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.04 and a current ratio of 1.07.



Presidio (NASDAQ:PSDO) last announced its earnings results on Thursday, May 10th. The company reported $0.28 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.28. The business had revenue of $665.10 million during 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%. The business’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.27 earnings per share. analysts forecast that Presidio will post 0.48 earnings per share for the current fiscal year.

A number of hedge funds have recently modified their holdings of PSDO. Vaughan Nelson Investment Management L.P. lifted its stake in shares of Presidio by 3.4% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 2,338,541 shares of the company’s stock valued at $30,635,000 after buying an additional 77,075 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Presidio by 6.9% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,129,434 shares of the company’s stock valued at $27,896,000 after buying an additional 136,647 shares in the last quarter. BlackRock Inc. lifted its stake in shares of Presidio by 12.6% during the 2nd quarter. BlackRock Inc. now owns 1,992,851 shares of the company’s stock valued at $26,106,000 after buying an additional 222,256 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Presidio by 8.6% during the 2nd quarter. American Century Companies Inc. now owns 1,250,671 shares of the company’s stock valued at $16,384,000 after buying an additional 98,979 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in shares of Presidio by 34.9% during the 1st quarter. Northern Trust Corp now owns 393,454 shares of the company’s stock valued at $6,154,000 after buying an additional 101,880 shares in the last quarter. 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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