Presidio Inc (PSDO) Receives Consensus Rating of “Hold” from Analysts

Shares of Presidio Inc (NASDAQ:PSDO) have been assigned a consensus rating of “Hold” from the nine ratings firms that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $16.75.

Several equities research analysts have recently issued reports on PSDO shares. BidaskClub downgraded Presidio from a “buy” rating to a “hold” rating in a research report on Tuesday, February 5th. SunTrust Banks started coverage on Presidio in a research report on Tuesday, December 4th. They issued a “buy” rating and a $17.00 price target on the stock. ValuEngine raised Presidio from a “hold” rating to a “buy” rating in a research report on Wednesday, February 13th. Finally, Zacks Investment Research raised Presidio from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research report on Wednesday, January 9th.

Shares of NASDAQ:PSDO opened at $14.33 on Friday. The stock has a market capitalization of $1.18 billion, a PE ratio of 10.31, a price-to-earnings-growth ratio of 3.68 and a beta of 1.42. Presidio has a 52-week low of $11.97 and a 52-week high of $17.81. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.02 and a current ratio of 1.04.

Presidio (NASDAQ:PSDO) last issued its quarterly earnings results on Wednesday, February 6th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.06). The business had revenue of $767.80 million during the quarter, compared to analyst estimates of $682.55 million. Presidio had a net margin of 1.20% and a return on equity of 5.21%. The company’s revenue for the quarter was up 18.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.31 earnings per share. On average, sell-side analysts predict that Presidio will post 0.49 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, April 5th. Investors of record on Wednesday, March 27th will be paid a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 1.12%. The ex-dividend date of this dividend is Tuesday, March 26th. Presidio’s payout ratio is presently 11.51%.

In related news, insider David C. Hart sold 75,000 shares of the stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $15.15, for a total value of $1,136,250.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Apollo Management Holdings Gp, sold 4,925,000 shares of the stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $15.25, for a total transaction of $75,106,250.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,000,000 shares of company stock valued at $136,682,500. 2.00% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PSDO. Meeder Asset Management Inc. bought a new position in Presidio during the fourth quarter worth about $29,000. Great West Life Assurance Co. Can lifted its stake in Presidio by 21.9% during the fourth quarter. Great West Life Assurance Co. Can now owns 4,136 shares of the company’s stock worth $52,000 after purchasing an additional 742 shares during the period. Legal & General Group Plc lifted its stake in Presidio by 44.7% during the fourth quarter. Legal & General Group Plc now owns 6,492 shares of the company’s stock worth $84,000 after purchasing an additional 2,006 shares during the period. Amundi Pioneer Asset Management Inc. bought a new position in Presidio during the fourth quarter worth about $121,000. Finally, Menta Capital LLC bought a new position in Presidio during the fourth quarter worth about $132,000. Institutional investors and hedge funds own 98.83% of the company’s stock.

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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Analyst Recommendations for Presidio (NASDAQ:PSDO)

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