Presidio (NASDAQ:PSDO) Cut to “Strong Sell” at BidaskClub

BidaskClub lowered shares of Presidio (NASDAQ:PSDO) from a sell rating to a strong sell rating in a report issued on Tuesday morning, BidAskClub reports.

A number of other equities research analysts also recently issued reports on the stock. TheStreet downgraded shares of Presidio from a b- rating to a c rating in a research report on Thursday, June 13th. Zacks Investment Research upgraded shares of Presidio from a sell rating to a hold rating in a research report on Wednesday, July 3rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. Presidio has a consensus rating of Hold and an average price target of $15.67.

PSDO stock opened at $16.05 on Tuesday. The firm has a 50 day moving average of $13.87 and a 200-day moving average of $14.51. Presidio has a 12-month low of $12.04 and a 12-month high of $17.81. The company has a current ratio of 1.05, a quick ratio of 1.02 and a debt-to-equity ratio of 1.21. The company has a market cap of $1.09 billion, a price-to-earnings ratio of 11.55, a PEG ratio of 3.05 and a beta of 1.31.

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

Institutional investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. acquired a new position in shares of Presidio during the 1st quarter worth approximately $35,000. Quantamental Technologies LLC acquired a new position in shares of Presidio during the 2nd quarter worth approximately $42,000. Pearl River Capital LLC acquired a new position in shares of Presidio during the 1st quarter worth approximately $48,000. Point72 Asset Management L.P. acquired a new position in shares of Presidio during the 2nd quarter worth approximately $64,000. Finally, Legal & General Group Plc raised its position in shares of Presidio by 44.7% during the 4th 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 last quarter. Hedge funds and other institutional investors own 97.12% of the company’s stock.

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.

Further Reading: Balanced Fund

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.