Shares of Presidio Inc (NASDAQ:PSDO) have been given an average rating of “Hold” by the nine ratings firms that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $17.25.

Several research firms have recently weighed in on PSDO. BidaskClub raised Presidio from a “sell” rating to a “hold” rating in a research report on Friday, May 11th. ValuEngine raised Presidio from a “hold” rating to a “buy” rating in a research report on Thursday, August 23rd. 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. Barclays lowered 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. Finally, Zacks Investment Research raised Presidio from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 11th.

PSDO stock opened at $16.57 on Wednesday. Presidio has a 1-year low of $11.97 and a 1-year 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. The stock has a market capitalization of $1.44 billion, a PE ratio of 11.92, a price-to-earnings-growth ratio of 3.83 and a beta of 1.08.

Presidio (NASDAQ:PSDO) last posted its quarterly earnings data on Thursday, September 6th. The company reported $0.34 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.17. Presidio had a return on equity of 6.46% and a net margin of 4.70%. The firm had revenue of $766.30 million during the quarter, compared to analyst estimates of $756.81 million. During the same period last year, the company posted $0.25 EPS. The business’s quarterly revenue was up 5.1% on a year-over-year basis. analysts expect that Presidio will post 0.81 earnings per share for the current year.

Several institutional investors and hedge funds have recently modified their holdings of the company. Vaughan Nelson Investment Management L.P. grew its stake in shares of Presidio by 3.4% in 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 during the period. Massachusetts Financial Services Co. MA grew its stake 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 valued at $27,896,000 after buying an additional 136,647 shares during the period. BlackRock Inc. grew its stake in shares of Presidio by 12.6% in 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 during the period. American Century Companies Inc. grew its stake in shares of Presidio by 8.6% in 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 during the period. Finally, Northern Trust Corp grew its stake in shares of Presidio by 34.9% in 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 during the period. Institutional investors own 99.46% of the company’s stock.

About Presidio

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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