BidaskClub upgraded shares of Presidio (NASDAQ:PSDO) from a buy rating to a strong-buy rating in a research report released on Wednesday, December 20th.
PSDO has been the subject of several other research reports. Zacks Investment Research cut shares of Presidio from a buy rating to a hold rating in a report on Saturday, December 16th. Evercore ISI set a $19.00 target price on shares of Presidio and gave the company a buy rating in a report on Monday, December 11th. Barclays upped their target price on shares of Presidio from $16.00 to $17.00 and gave the company an overweight rating in a report on Tuesday, November 7th. Finally, Royal Bank of Canada restated an outperform rating and issued a $17.00 target price (down previously from $18.00) on shares of Presidio in a report on Wednesday, September 20th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Presidio currently has a consensus rating of Buy and an average target price of $18.11.
Shares of Presidio (NASDAQ PSDO) traded up $0.05 during trading on Wednesday, hitting $18.80. 294,581 shares of the stock traded hands, compared to its average volume of 203,660. Presidio has a fifty-two week low of $12.75 and a fifty-two week high of $19.74. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.00 and a current ratio of 1.03. The firm has a market cap of $1,740.00 and a PE ratio of 134.29.
In related news, major shareholder Apollo Management Holdings Gp, sold 9,200,000 shares of the stock in a transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 2.70% of the stock is owned by corporate insiders.
Institutional investors have recently made changes to their positions in the business. Advisor Group Inc. purchased a new position in Presidio during the 2nd quarter worth $103,000. Nationwide Fund Advisors purchased a new position in Presidio during the 2nd quarter worth $153,000. Cubist Systematic Strategies LLC raised its position in 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 buying an additional 10,435 shares during the last quarter. The Manufacturers Life Insurance Company purchased a new position in Presidio during the 2nd quarter worth $201,000. Finally, Balter Liquid Alternatives LLC purchased a new position in Presidio during the 2nd quarter worth $233,000. Institutional investors own 97.46% of the company’s stock.
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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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