Federated Investors Inc. PA reduced its holdings in Presidio Inc (NASDAQ:PSDO) by 14.4% during the second quarter, HoldingsChannel reports. The firm owned 578,728 shares of the company’s stock after selling 97,250 shares during the period. Federated Investors Inc. PA’s holdings in Presidio were worth $7,581,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Rhumbline Advisers increased its position in shares of Presidio by 14.1% in the second quarter. Rhumbline Advisers now owns 31,303 shares of the company’s stock worth $410,000 after acquiring an additional 3,880 shares in the last quarter. Sei Investments Co. increased its position in shares of Presidio by 9.1% in the second quarter. Sei Investments Co. now owns 64,214 shares of the company’s stock worth $841,000 after acquiring an additional 5,331 shares in the last quarter. American International Group Inc. increased its position in shares of Presidio by 36.7% in the first quarter. American International Group Inc. now owns 20,170 shares of the company’s stock worth $315,000 after acquiring an additional 5,416 shares in the last quarter. California Public Employees Retirement System increased its position in shares of Presidio by 15.9% in the first quarter. California Public Employees Retirement System now owns 57,935 shares of the company’s stock worth $906,000 after acquiring an additional 7,935 shares in the last quarter. Finally, Swiss National Bank increased its position in shares of Presidio by 17.6% in the second quarter. Swiss National Bank now owns 64,000 shares of the company’s stock worth $838,000 after acquiring an additional 9,600 shares in the last quarter. Institutional investors and hedge funds own 99.46% of the company’s stock.

PSDO stock opened at $16.57 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.07 and a debt-to-equity ratio of 0.92. The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of 11.92, a price-to-earnings-growth ratio of 3.83 and a beta of 1.08. Presidio Inc has a 12 month low of $11.97 and a 12 month high of $19.74.

Presidio (NASDAQ:PSDO) last posted 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. The company had revenue of $766.30 million during the quarter, compared to the consensus estimate of $756.81 million. Presidio had a net margin of 4.70% and a return on equity of 6.46%. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.25 earnings per share. equities research analysts predict that Presidio Inc will post 0.81 EPS for the current fiscal year.

Several research firms have recently weighed in on PSDO. Zacks Investment Research downgraded shares of Presidio from a “hold” rating to a “sell” rating in a research report on Friday. Goldman Sachs Group initiated coverage on shares of Presidio in a research report on Monday, August 27th. They set a “neutral” rating and a $15.00 price objective on the stock. ValuEngine raised shares of Presidio from a “hold” rating to a “buy” rating in a research report on Thursday, August 23rd. Finally, BidaskClub raised shares of Presidio from a “sell” rating to a “hold” rating in a research report on Saturday, August 11th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $17.71.

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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Institutional Ownership by Quarter for Presidio (NASDAQ:PSDO)

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