Alliancebernstein L.P. decreased its holdings in shares of Presidio, Inc. (NASDAQ:PSDO) by 96.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,800 shares of the company’s stock after selling 358,552 shares during the quarter. Alliancebernstein L.P.’s holdings in Presidio were worth $212,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of PSDO. Balter Liquid Alternatives LLC acquired a new stake in shares of Presidio in the second quarter valued at $233,000. Rhumbline Advisers acquired a new stake in shares of Presidio in the second quarter valued at $294,000. Tudor Investment Corp ET AL acquired a new stake in shares of Presidio in the first quarter valued at $387,000. Sei Investments Co. grew its stake 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 buying an additional 247 shares in the last quarter. Finally, California Public Employees Retirement System acquired a new stake in shares of Presidio in the first quarter valued at $774,000. 96.82% of the stock is owned by institutional investors.
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Presidio, Inc. (NASDAQ:PSDO) opened at $15.81 on Tuesday. Presidio, Inc. has a fifty-two week low of $12.75 and a fifty-two 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 released its earnings results on Thursday, September 21st. The company reported $0.11 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.05). The company had revenue of $753.90 million during the quarter, compared to analysts’ expectations of $741.59 million. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. sell-side analysts predict that Presidio, Inc. will post 0.64 EPS for the current fiscal year.
A number of brokerages have recently weighed in on PSDO. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $17.00 price objective (down from $18.00) on shares of Presidio in a research note on Wednesday, September 20th. Zacks Investment Research cut Presidio from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. Barclays PLC dropped their price objective on Presidio from $17.00 to $16.00 and set an “overweight” rating for the company in a research note on Friday, September 22nd. Finally, Evercore ISI reaffirmed a “buy” rating and issued a $19.00 price objective on shares of Presidio in a research note on Friday, September 22nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $17.86.
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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