Presidio Inc (NASDAQ:PSDO) has received a consensus recommendation of “Hold” from the eleven ratings firms that are covering the company, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $18.63.
A number of brokerages have recently commented on PSDO. BidaskClub cut shares of Presidio from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, January 10th. Wells Fargo & Co set a $21.00 target price on shares of Presidio and gave the company a “buy” rating in a research report on Friday, December 29th. Barclays cut shares of Presidio from an “overweight” rating to an “equal weight” rating and increased their target price for the company from $17.00 to $20.00 in a research report on Wednesday, January 17th. Zacks Investment Research cut shares of Presidio from a “buy” rating to a “hold” rating in a research report on Saturday, December 16th. Finally, JPMorgan Chase & Co. cut shares of Presidio from an “overweight” rating to a “neutral” rating and set a $18.00 target price for the company. in a research report on Friday, February 9th.
Presidio (PSDO) traded down $0.71 during trading hours on Friday, reaching $15.00. 197,237 shares of the company’s stock were exchanged, compared to its average volume of 241,118. The firm has a market capitalization of $1,447.22 and a PE ratio of 24.22. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.04 and a quick ratio of 1.01. Presidio has a 52 week low of $12.75 and a 52 week high of $19.74.
A number of hedge funds have recently made changes to their positions in PSDO. ArrowMark Colorado Holdings LLC lifted its position in shares of Presidio by 267.1% during the fourth quarter. ArrowMark Colorado Holdings LLC now owns 4,682,023 shares of the company’s stock worth $89,754,000 after purchasing an additional 3,406,572 shares in the last quarter. Vanguard Group Inc. acquired a new stake in shares of Presidio during the second quarter worth about $18,605,000. Vaughan Nelson Investment Management L.P. lifted its position in shares of Presidio by 39.2% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 1,727,025 shares of the company’s stock worth $33,107,000 after purchasing an additional 486,625 shares in the last quarter. BlackRock Inc. lifted its position in shares of Presidio by 44.5% during the fourth quarter. BlackRock Inc. now owns 1,216,504 shares of the company’s stock worth $23,320,000 after purchasing an additional 374,867 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in shares of Presidio by 41.4% during the third quarter. American Century Companies Inc. now owns 955,267 shares of the company’s stock worth $13,517,000 after purchasing an additional 279,517 shares in the last quarter.
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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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