Presidio (NASDAQ:PSDO) was downgraded by analysts at Barclays from an “overweight” rating to an “equal weight” rating in a research report issued on Wednesday, Marketbeat reports. They presently have a $20.00 price objective on the stock, up from their prior price objective of $17.00. Barclays’ target price points to a potential upside of 12.74% from the company’s previous close.
Several other analysts have also issued reports on the company. BidaskClub lowered Presidio from a “buy” rating to a “hold” rating in a report on Tuesday. Wells Fargo & Co set a $21.00 target price on Presidio and gave the stock a “buy” rating in a report on Friday, December 29th. Zacks Investment Research lowered Presidio from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. Evercore ISI reissued a “buy” rating and set a $19.00 target price on shares of Presidio in a report on Friday, September 22nd. Finally, Royal Bank of Canada reissued 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. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Presidio currently has an average rating of “Buy” and a consensus target price of $18.11.
Shares of Presidio (NASDAQ:PSDO) traded down $0.96 during midday trading on Wednesday, reaching $17.74. The company’s stock had a trading volume of 153,300 shares, compared to its average volume of 199,470. 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 $19.74.
Presidio (NASDAQ:PSDO) last issued its quarterly earnings data on Monday, November 6th. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.05. equities analysts forecast that Presidio will post 0.57 earnings per share for the current fiscal year.
In related news, major shareholder Apollo Management Holdings Gp, sold 9,200,000 shares of the company’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $13.61, for a total transaction of $125,212,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.70% of the stock is owned by corporate insiders.
Several hedge funds have recently made changes to their positions in PSDO. Schwab Charles Investment Management Inc. raised its position in Presidio by 5.3% in the third quarter. Schwab Charles Investment Management Inc. now owns 66,453 shares of the company’s stock valued at $941,000 after purchasing an additional 3,325 shares during the last quarter. Advisor Group Inc. bought a new position in Presidio in the second quarter valued at about $103,000. Cubist Systematic Strategies LLC raised its position in Presidio by 802.7% in the second quarter. Cubist Systematic Strategies LLC now owns 11,735 shares of the company’s stock valued at $168,000 after purchasing an additional 10,435 shares during the last quarter. Nationwide Fund Advisors bought a new position in Presidio in the second quarter valued at about $153,000. Finally, Sei Investments Co. raised its position in Presidio by 36.4% in the third quarter. Sei Investments Co. now owns 46,891 shares of the company’s stock valued at $664,000 after purchasing an additional 12,522 shares during the last quarter. Institutional investors and hedge funds own 97.46% of the company’s stock.
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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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