Rhumbline Advisers Lowers Stake in Presidio Inc (PSDO)

Rhumbline Advisers cut its holdings in shares of Presidio Inc (NASDAQ:PSDO) by 16.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,255 shares of the company’s stock after selling 3,395 shares during the period. Rhumbline Advisers’ holdings in Presidio were worth $331,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. The Manufacturers Life Insurance Company purchased a new position in shares of Presidio during the second quarter worth approximately $201,000. Teacher Retirement System of Texas purchased a new position in shares of Presidio during the fourth quarter worth approximately $210,000. Susquehanna International Group LLP acquired a new stake in shares of Presidio during the third quarter worth $288,000. Jackson Wealth Management LLC acquired a new stake in shares of Presidio during the fourth quarter worth $312,000. Finally, First Trust Advisors LP acquired a new stake in shares of Presidio during the fourth quarter worth $463,000. Institutional investors and hedge funds own 97.00% of the company’s stock.

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Shares of NASDAQ PSDO opened at $15.55 on Monday. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.04 and a quick ratio of 1.01. Presidio Inc has a 1-year low of $12.75 and a 1-year high of $19.74. The firm has a market cap of $1,429.74 and a P/E ratio of 311.00.

Presidio (NASDAQ:PSDO) last issued its quarterly earnings results on Thursday, February 8th. The company reported $0.11 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.02). Presidio had a return on equity of 9.62% and a net margin of 4.11%. The company had revenue of $661.60 million for the quarter, compared to analyst estimates of $742.74 million. sell-side analysts predict that Presidio Inc will post 0.54 earnings per share for the current fiscal year.

Several equities research analysts recently weighed in on the company. BidaskClub downgraded Presidio from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 10th. Wells Fargo set a $21.00 price target on Presidio and gave the stock a “buy” rating in a report on Friday, December 29th. Barclays downgraded Presidio from an “overweight” rating to an “equal weight” rating and increased their price target for the stock from $17.00 to $20.00 in a report on Wednesday, January 17th. Zacks Investment Research downgraded Presidio from a “buy” rating to a “hold” rating in a report on Saturday, December 16th. Finally, JPMorgan Chase downgraded Presidio from an “overweight” rating to a “neutral” rating and set a $18.00 price target for the company. in a report on Friday, February 9th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Presidio currently has a consensus rating of “Buy” and an average price target of $18.50.

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Presidio Company Profile

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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Institutional Ownership by Quarter for Presidio (NASDAQ:PSDO)

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