Presidio Inc (NASDAQ:PSDO) Receives $16.00 Average Price Target from Brokerages

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Presidio Inc (NASDAQ:PSDO) has been assigned a consensus recommendation of “Hold” from the six ratings firms that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $16.00.

PSDO has been the topic of several analyst reports. BidaskClub raised shares of Presidio from a “hold” rating to a “buy” rating in a report on Friday, March 1st. ValuEngine upgraded shares of Presidio from a “hold” rating to a “buy” rating in a research report on Wednesday, February 13th. Zacks Investment Research upgraded shares of Presidio from a “sell” rating to a “hold” rating in a research report on Wednesday, April 10th. Finally, TheStreet upgraded shares of Presidio from a “d” rating to a “b-” rating in a research report on Wednesday, May 8th.

Shares of NASDAQ PSDO traded down $0.14 during midday trading on Friday, hitting $13.04. The company’s stock had a trading volume of 3,748 shares, compared to its average volume of 426,354. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.02 and a current ratio of 1.05. Presidio has a 1 year low of $12.04 and a 1 year high of $17.81. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of 9.34, a PEG ratio of 5.04 and a beta of 1.38.

Presidio (NASDAQ:PSDO) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $0.34 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.01. Presidio had a net margin of 1.33% and a return on equity of 6.09%. The business had revenue of $705.20 million during the quarter, compared to analyst estimates of $679.20 million. During the same quarter last year, the firm posted $0.28 earnings per share. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. Equities analysts predict that Presidio will post 0.43 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Wednesday, June 26th will be issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date is Tuesday, June 25th. Presidio’s dividend payout ratio is presently 11.51%.

In other Presidio news, major shareholder Apollo Management Holdings Gp, sold 4,925,000 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $15.25, for a total value of $75,106,250.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Steven J. Lerner bought 5,000 shares of the company’s stock in a transaction on Friday, June 7th. The stock was bought at an average cost of $12.82 per share, for a total transaction of $64,100.00. Following the completion of the transaction, the director now directly owns 25,000 shares of the company’s stock, valued at $320,500. The disclosure for this purchase can be found here. 2.00% of the stock is owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp grew its holdings in shares of Presidio by 3.7% during the third quarter. Bank of New York Mellon Corp now owns 162,936 shares of the company’s stock valued at $2,485,000 after buying an additional 5,781 shares during the last quarter. Renaissance Technologies LLC bought a new position in Presidio in the third quarter worth approximately $285,000. Vanguard Group Inc. raised its position in shares of Presidio by 14.3% during the 3rd quarter. Vanguard Group Inc. now owns 3,292,336 shares of the company’s stock valued at $50,208,000 after purchasing an additional 412,067 shares during the period. Rhumbline Advisers raised its position in shares of Presidio by 56.0% during the 4th quarter. Rhumbline Advisers now owns 48,922 shares of the company’s stock valued at $638,000 after purchasing an additional 17,559 shares during the period. Finally, State Board of Administration of Florida Retirement System bought a new stake in shares of Presidio during the 4th quarter valued at $1,270,000. 97.30% of the stock is owned by institutional investors.

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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