Shares of Presidio, Inc. (NASDAQ:PSDO) have been assigned a consensus recommendation of “Buy” from the ten research firms that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $17.75.
A number of equities research analysts have issued reports on the stock. Zacks Investment Research lowered shares of Presidio from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. Evercore ISI reiterated a “buy” rating and set a $19.00 target price on shares of Presidio in a report on Friday, September 22nd. Barclays reduced their target price on shares of Presidio from $17.00 to $16.00 and set an “overweight” rating on the stock in a report on Friday, September 22nd. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $17.00 target price (down from $18.00) on shares of Presidio in a report on Wednesday, September 20th.
In other Presidio news, major shareholder Apollo Management Holdings Gp, sold 9,200,000 shares of the stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $13.61, for a total transaction of $125,212,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.70% of the stock is owned by corporate insiders.
Several large investors have recently made changes to their positions in PSDO. FMR LLC increased its position in shares of Presidio by 23.0% in the 2nd quarter. FMR LLC now owns 8,864,590 shares of the company’s stock valued at $126,852,000 after purchasing an additional 1,657,336 shares during the last quarter. Vanguard Group Inc. purchased a new stake in shares of Presidio in the 2nd quarter valued at approximately $18,605,000. Sandhill Capital Partners LLC purchased a new stake in shares of Presidio in the 2nd quarter valued at approximately $18,536,000. American Century Companies Inc. increased its position in shares of Presidio by 41.4% in the 3rd quarter. American Century Companies Inc. now owns 955,267 shares of the company’s stock valued at $13,517,000 after purchasing an additional 279,517 shares during the last quarter. Finally, State Street Corp purchased a new stake in shares of Presidio in the 2nd quarter valued at approximately $3,390,000. 97.46% of the stock is currently owned by institutional investors.
Shares of Presidio (NASDAQ PSDO) traded up $0.29 during mid-day trading on Monday, hitting $15.72. 269,392 shares of the stock traded hands, compared to its average volume of 272,981. 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 has a 52-week low of $12.75 and a 52-week high of $16.90.
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 business had revenue of $753.90 million for the quarter, compared to the consensus estimate of $741.59 million. The company’s revenue for the quarter was up 3.4% compared to the same quarter last year. equities analysts expect that Presidio will post 0.64 earnings per share for the current year.
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Presidio Company Profile
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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