New York State Common Retirement Fund Invests $289,000 in Presidio, Inc. (PSDO)
New York State Common Retirement Fund bought a new stake in Presidio, Inc. (NASDAQ:PSDO) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 20,200 shares of the company’s stock, valued at approximately $289,000.
Several other institutional investors have also made changes to their positions in PSDO. Nationwide Fund Advisors bought a new stake in shares of Presidio in the second quarter valued at about $153,000. Balter Liquid Alternatives LLC bought a new stake in shares of Presidio in the second quarter valued at about $233,000. Rhumbline Advisers bought a new stake in shares of Presidio in the second quarter valued at about $294,000. Teachers Advisors LLC bought a new stake in shares of Presidio in the second quarter valued at about $490,000. Finally, Sei Investments Co. boosted its position in shares of Presidio by 0.7% in the second quarter. Sei Investments Co. now owns 34,369 shares of the company’s stock valued at $492,000 after acquiring an additional 247 shares during the period. 97.12% of the stock is owned by institutional investors.
A number of equities research analysts have recently issued reports on the stock. Royal Bank Of Canada reissued an “outperform” rating and issued a $17.00 target price (down previously from $18.00) on shares of Presidio in a research report on Wednesday, September 20th. Zacks Investment Research cut shares of Presidio from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. Barclays PLC reduced their target price on shares of Presidio from $17.00 to $16.00 and set an “overweight” rating for the company in a research report on Friday, September 22nd. Finally, Evercore ISI reaffirmed a “buy” rating and set a $19.00 price objective on shares of Presidio in a research report on Friday, September 22nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $17.86.
Shares of Presidio, Inc. (PSDO) opened at $14.96 on Monday. Presidio, Inc. has a 52-week low of $12.75 and a 52-week high of $16.90. The company has a quick ratio of 1.00, a current ratio of 1.03 and a debt-to-equity ratio of 1.13.
Presidio (NASDAQ:PSDO) last posted its quarterly earnings data on Thursday, September 21st. The company reported $0.11 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.05). The company had revenue of $753.90 million for the quarter, compared to analyst estimates of $741.59 million. Presidio’s revenue was up 3.4% on a year-over-year basis. analysts expect that Presidio, Inc. will post 0.64 earnings per share for the current fiscal year.
Presidio, Inc is a United States-based company, which is an information technology (IT) solutions provider. The Company’s services include strategy and consulting, solutions design and deployment, managed services, asset maintenance and support, financing services, global services and carrier connectivity.
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