14,050 Shares in Presidio, Inc. (PSDO) Purchased by The Manufacturers Life Insurance Company
The Manufacturers Life Insurance Company bought a new stake in Presidio, Inc. (NASDAQ:PSDO) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 14,050 shares of the company’s stock, valued at approximately $201,000.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Advisor Group Inc. acquired a new stake in Presidio in the 2nd quarter valued at approximately $103,000. Nationwide Fund Advisors acquired a new stake in Presidio in the 2nd quarter valued at approximately $153,000. Cubist Systematic Strategies LLC grew its holdings in shares of Presidio by 802.7% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 11,735 shares of the company’s stock worth $168,000 after purchasing an additional 10,435 shares in the last quarter. Balter Liquid Alternatives LLC acquired a new stake in shares of Presidio during the 2nd quarter worth approximately $233,000. Finally, New York State Common Retirement Fund acquired a new stake in shares of Presidio during the 2nd quarter worth approximately $289,000. 97.46% of the stock is currently owned by hedge funds and other institutional investors.
Presidio, Inc. (NASDAQ:PSDO) opened at $16.40 on Tuesday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.00 and a current ratio of 1.03. Presidio, Inc. has a 52-week low of $12.75 and a 52-week high of $16.90.
Presidio (NASDAQ:PSDO) last posted its earnings results on Thursday, September 21st. The company reported $0.11 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.05). The company had revenue of $753.90 million during the quarter, compared to analyst estimates of $741.59 million. The firm’s quarterly revenue was up 3.4% on a year-over-year basis. sell-side analysts anticipate that Presidio, Inc. will post 0.64 earnings per share for the current fiscal year.
In other Presidio news, major shareholder Apollo Management Holdings Gp, sold 9,200,000 shares of Presidio stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $13.61, for a total value of $125,212,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.70% of the stock is owned by company insiders.
PSDO has been the topic of several recent research reports. Zacks Investment Research raised Presidio from a “sell” rating to a “buy” rating and set a $17.00 price objective on the stock in a report on Wednesday, November 22nd. Barclays lifted their price objective on Presidio from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Tuesday, November 7th. Evercore ISI reissued a “buy” rating and set a $19.00 price objective on shares of Presidio in a report on Friday, September 22nd. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $17.00 price objective (down previously from $18.00) on shares of Presidio in a report on Wednesday, September 20th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $17.75.
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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