50,502 Shares in Presidio, Inc. (PSDO) Purchased by TIAA CREF Investment Management LLC

TIAA CREF Investment Management LLC bought a new position in shares of Presidio, Inc. (NASDAQ:PSDO) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 50,502 shares of the company’s stock, valued at approximately $723,000. TIAA CREF Investment Management LLC owned 0.06% of Presidio at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of PSDO. Vaughan Nelson Investment Management L.P. boosted its holdings in shares of Presidio by 185.1% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 1,112,050 shares of the company’s stock worth $15,914,000 after purchasing an additional 722,050 shares during the period. Goldman Sachs Group Inc. purchased a new stake in Presidio in the first quarter worth about $2,162,000. Jennison Associates LLC lifted its holdings in Presidio by 9.1% in the second quarter. Jennison Associates LLC now owns 1,081,660 shares of the company’s stock worth $15,479,000 after buying an additional 89,901 shares during the period. NGAM Advisors L.P. lifted its holdings in Presidio by 593.7% in the second quarter. NGAM Advisors L.P. now owns 99,047 shares of the company’s stock worth $1,417,000 after buying an additional 84,768 shares during the period. Finally, Schwab Charles Investment Management Inc. purchased a new stake in Presidio in the second quarter worth about $904,000. Institutional investors own 96.82% of the company’s stock.

Presidio, Inc. (NASDAQ:PSDO) opened at $16.21 on Wednesday. Presidio, Inc. has a 1-year low of $12.75 and a 1-year high of $16.90. The company has a current ratio of 1.03, a quick ratio of 1.00 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 Thomson Reuters’ consensus estimate of $0.16 by ($0.05). The firm had revenue of $753.90 million for 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. research analysts forecast that Presidio, Inc. will post 0.64 earnings per share for the current fiscal year.

Several analysts have commented on PSDO shares. Evercore ISI restated a “buy” rating and issued a $19.00 price objective on shares of Presidio in a report on Friday, September 22nd. Royal Bank Of Canada restated an “outperform” rating and issued a $17.00 price objective (down from $18.00) on shares of Presidio in a report on Wednesday, September 20th. Barclays PLC lowered their price objective on shares of Presidio from $17.00 to $16.00 and set an “overweight” rating for the company in a report on Friday, September 22nd. Finally, Zacks Investment Research lowered shares of Presidio from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $17.86.

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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.

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Institutional Ownership by Quarter for Presidio (NASDAQ:PSDO)

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