Two Sigma Investments LP Buys New Stake in Presidio Inc (PSDO)

Two Sigma Investments LP bought a new stake in shares of Presidio Inc (NASDAQ:PSDO) during the 4th quarter, according to its most recent filing with the SEC. The fund bought 112,462 shares of the company’s stock, valued at approximately $2,156,000.

Other institutional investors have also modified their holdings of the company. ArrowMark Colorado Holdings LLC lifted its holdings in Presidio by 267.1% during the 4th quarter. ArrowMark Colorado Holdings LLC now owns 4,682,023 shares of the company’s stock valued at $89,754,000 after purchasing an additional 3,406,572 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its holdings in Presidio by 39.2% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 1,727,025 shares of the company’s stock valued at $33,107,000 after purchasing an additional 486,625 shares during the last quarter. BlackRock Inc. lifted its holdings in Presidio by 44.5% during the 4th quarter. BlackRock Inc. now owns 1,216,504 shares of the company’s stock valued at $23,320,000 after purchasing an additional 374,867 shares during the last quarter. American Century Companies Inc. lifted its holdings in Presidio by 8.8% during the 4th quarter. American Century Companies Inc. now owns 1,039,155 shares of the company’s stock valued at $19,921,000 after purchasing an additional 83,888 shares during the last quarter. Finally, Three Peaks Capital Management LLC lifted its holdings in Presidio by 10.7% during the 4th quarter. Three Peaks Capital Management LLC now owns 469,003 shares of the company’s stock valued at $8,991,000 after purchasing an additional 45,320 shares during the last quarter. Institutional investors and hedge funds own 97.00% of the company’s stock.

How to Become a New Pot Stock Millionaire

Several equities analysts recently issued reports on PSDO shares. BidaskClub downgraded shares of Presidio from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 10th. JPMorgan Chase raised shares of Presidio from a “neutral” rating to an “overweight” rating in a report on Monday, March 26th. Evercore ISI set a $19.00 price target on shares of Presidio and gave the company a “buy” rating in a report on Friday, February 9th. Barclays downgraded shares of Presidio from an “overweight” rating to an “equal weight” rating and lifted their price target for the company from $17.00 to $20.00 in a report on Wednesday, January 17th. Finally, Zacks Investment Research downgraded shares of Presidio from a “buy” rating to a “hold” rating in a report on Saturday, December 16th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $18.33.

Shares of NASDAQ PSDO opened at $15.64 on Friday. Presidio Inc has a 1-year low of $12.75 and a 1-year high of $19.74. The stock has a market capitalization of $1,438.02 and a price-to-earnings ratio of 312.80. The company has a quick ratio of 1.01, a current ratio of 1.04 and a debt-to-equity ratio of 0.94.

Presidio (NASDAQ:PSDO) last announced its earnings results on Thursday, February 8th. The company reported $0.11 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.02). Presidio had a return on equity of 9.62% and a net margin of 4.11%. The company had revenue of $661.60 million during the quarter, compared to the consensus estimate of $742.74 million. equities research analysts anticipate that Presidio Inc will post 0.54 earnings per share for the current year.

WARNING: This news story was published by WKRB News and is the sole property of of WKRB News. If you are reading this news story on another site, it was stolen and republished in violation of US and international trademark and copyright law. The legal version of this news story can be viewed at https://www.wkrb13.com/2018/04/01/two-sigma-investments-lp-buys-new-stake-in-presidio-inc-psdo.html.

About Presidio

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.

Want to see what other hedge funds are holding PSDO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Presidio Inc (NASDAQ:PSDO).

Institutional Ownership by Quarter for Presidio (NASDAQ:PSDO)

Receive News & Ratings for Presidio Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Presidio and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply