Presidio (PSDO) Upgraded at ValuEngine
ValuEngine upgraded shares of Presidio (NASDAQ:PSDO) from a hold rating to a buy rating in a research note released on Thursday, August 23rd.
Other equities research analysts have also issued reports about the company. Barclays decreased their price objective on Presidio from $19.00 to $16.00 and set an equal weight rating for the company in a research report on Friday, May 11th. BidaskClub upgraded Presidio from a sell rating to a hold rating in a research report on Saturday, August 11th. Zacks Investment Research upgraded Presidio from a strong sell rating to a hold rating in a research report on Wednesday, July 11th. Wells Fargo & Co lowered Presidio from an outperform rating to a market perform rating in a research report on Thursday, May 10th. Finally, Royal Bank of Canada lowered Presidio from an outperform rating to a sector perform rating and set a $19.00 price objective for the company. in a research report on Friday, May 11th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given 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 NASDAQ:PSDO traded up $0.11 during midday trading on Thursday, reaching $16.84. The company had a trading volume of 253,852 shares, compared to its average volume of 196,347. The company has a quick ratio of 1.03, a current ratio of 1.06 and a debt-to-equity ratio of 0.89. Presidio has a 1-year low of $11.97 and a 1-year high of $19.74. The firm has a market capitalization of $1.56 billion, a price-to-earnings ratio of 12.12, a price-to-earnings-growth ratio of 3.01 and a beta of 1.08.
The firm also recently disclosed an annual dividend, which will be paid on Friday, October 5th. Shareholders of record on Wednesday, September 26th will be given a dividend of $0.04 per share. The ex-dividend date is Tuesday, September 25th. This represents a yield of 0.24%.
In other news, major shareholder Apollo Management Holdings Gp, sold 10,750,000 shares of the firm’s stock in a transaction dated Wednesday, September 12th. The stock was sold at an average price of $14.75, for a total transaction of $158,562,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.70% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of PSDO. BlackRock Inc. raised its stake in shares of Presidio by 45.5% during the 1st quarter. BlackRock Inc. now owns 1,770,595 shares of the company’s stock worth $27,692,000 after purchasing an additional 554,091 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its stake in shares of Presidio by 30.9% during 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 purchasing an additional 534,441 shares in the last quarter. Comerica Bank purchased a new stake in shares of Presidio during the 1st quarter worth about $4,257,000. Dimensional Fund Advisors LP purchased a new stake in shares of Presidio during the 2nd quarter worth about $3,294,000. Finally, Massachusetts Financial Services Co. MA raised 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 worth $27,896,000 after purchasing an additional 136,647 shares in the last quarter. 99.46% of the stock is owned by institutional investors.
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.
Featured Story: Leveraged Buyout (LBO)
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for Presidio Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Presidio and related companies with MarketBeat.com's FREE daily email newsletter.