SunTrust Banks began coverage on shares of Presidio (NASDAQ:PSDO) in a research report report published on Tuesday morning, Marketbeat Ratings reports. The firm issued a buy rating and a $17.00 price objective on the stock.

Other analysts also recently issued reports about the company. Goldman Sachs Group began coverage on Presidio in a research note on Monday, August 27th. They set a neutral rating and a $15.00 target price on the stock. ValuEngine downgraded Presidio from a buy rating to a hold rating in a research note on Tuesday, October 2nd. BidaskClub upgraded Presidio from a sell rating to a hold rating in a research note on Saturday, August 11th. Finally, Zacks Investment Research upgraded Presidio from a sell rating to a hold rating in a research note on Wednesday, November 28th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of $17.71.

Shares of PSDO opened at $13.78 on Tuesday. The company has a current ratio of 1.05, a quick ratio of 1.02 and a debt-to-equity ratio of 1.31. Presidio has a 12 month low of $11.97 and a 12 month high of $19.74. The firm has a market cap of $1.15 billion, a price-to-earnings ratio of 33.17, a price-to-earnings-growth ratio of 3.11 and a beta of 1.30.

Presidio (NASDAQ:PSDO) last issued its earnings results on Wednesday, November 7th. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.05). Presidio had a net margin of 4.54% and a return on equity of 5.63%. The business had revenue of $750.00 million for the quarter, compared to analysts’ expectations of $747.79 million. During the same quarter in the prior year, the business posted $0.38 earnings per share. The business’s revenue for the quarter was up 2.6% on a year-over-year basis. On average, equities research analysts expect that Presidio will post 0.56 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, January 7th. Stockholders of record on Wednesday, December 26th will be paid a $0.04 dividend. The ex-dividend date of this dividend is Monday, December 24th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.16%. Presidio’s dividend payout ratio (DPR) is currently 11.51%.

In other news, major shareholder Apollo Management Holdings Gp, sold 3,000,000 shares of the firm’s stock in a transaction on Thursday, September 20th. The stock was sold at an average price of $15.24, for a total value of $45,720,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Steven J. Lerner purchased 10,000 shares of the company’s stock in a transaction dated Thursday, November 15th. The stock was purchased at an average price of $13.22 per share, for a total transaction of $132,200.00. Following the completion of the purchase, the director now owns 20,000 shares in the company, valued at $264,400. The disclosure for this purchase can be found here. Company insiders own 2.00% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Marshall Wace North America L.P. purchased a new position in shares of Presidio in the 3rd quarter worth $1,260,000. Marshall Wace LLP purchased a new position in shares of Presidio in the 3rd quarter worth $4,312,000. Vanguard Group Inc. boosted its stake in shares of Presidio by 14.3% in the 3rd quarter. Vanguard Group Inc. now owns 3,292,336 shares of the company’s stock worth $50,208,000 after buying an additional 412,067 shares during the last quarter. IndexIQ Advisors LLC boosted its stake in shares of Presidio by 3.9% in the 3rd quarter. IndexIQ Advisors LLC now owns 145,348 shares of the company’s stock worth $2,217,000 after buying an additional 5,489 shares during the last quarter. Finally, Luminus Management LLC purchased a new position in shares of Presidio in the 3rd quarter worth $1,504,000. Hedge funds and other institutional investors own 98.15% 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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