Presidio (NASDAQ:PSDO) Raised to Sell at BidaskClub

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BidaskClub upgraded shares of Presidio (NASDAQ:PSDO) from a strong sell rating to a sell rating in a research note published on Saturday morning, BidAskClub reports.

Several other equities analysts have also issued reports on the company. TheStreet lowered Presidio from a b- rating to a c rating in a report on Thursday, June 13th. Zacks Investment Research raised Presidio from a sell rating to a hold rating in a report on Wednesday, July 3rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $15.67.

Shares of PSDO stock opened at $13.00 on Friday. The business’s 50-day moving average price is $13.76. The stock has a market capitalization of $1.13 billion, a price-to-earnings ratio of 9.35, a price-to-earnings-growth ratio of 3.17 and a beta of 1.31. Presidio has a 1 year low of $12.04 and a 1 year high of $17.81. 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 (NASDAQ:PSDO) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.01. The company had revenue of $705.20 million for the quarter, compared to analyst estimates of $679.20 million. Presidio had a return on equity of 6.09% and a net margin of 1.33%. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.28 earnings per share. On average, research analysts forecast that Presidio will post 0.43 EPS for the current fiscal year.

In related news, Director Steven J. Lerner purchased 5,000 shares of the stock in a transaction that occurred on Friday, June 7th. The shares were purchased at an average price of $12.82 per share, with a total value of $64,100.00. Following the completion of the acquisition, the director now directly owns 25,000 shares in the company, valued at approximately $320,500. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Robert Cagnazzi purchased 10,000 shares of the stock in a transaction that occurred on Friday, June 7th. The shares were bought at an average cost of $12.82 per share, for a total transaction of $128,200.00. The disclosure for this purchase can be found here. Company insiders own 2.00% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Chicago Equity Partners LLC bought a new stake in shares of Presidio during the 2nd quarter valued at about $777,000. Swiss National Bank grew its position in shares of Presidio by 40.7% during the 2nd quarter. Swiss National Bank now owns 84,400 shares of the company’s stock valued at $1,154,000 after buying an additional 24,400 shares during the last quarter. Balter Liquid Alternatives LLC grew its position in shares of Presidio by 86.2% during the 2nd quarter. Balter Liquid Alternatives LLC now owns 122,652 shares of the company’s stock valued at $1,677,000 after buying an additional 56,792 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. bought a new stake in shares of Presidio during the 2nd quarter valued at about $513,000. Finally, Bailard Inc. grew its position in shares of Presidio by 5.5% during the 2nd quarter. Bailard Inc. now owns 17,200 shares of the company’s stock valued at $235,000 after buying an additional 900 shares during the last quarter. 97.16% of the stock is currently owned by hedge funds and other institutional investors.

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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