Presidio (NASDAQ:PSDO) has been given a $19.00 price target by Evercore ISI in a note issued to investors on Friday. The brokerage currently has a “buy” rating on the stock. Evercore ISI’s price target points to a potential upside of 22.27% from the stock’s current price.
Other equities analysts have also issued reports about the stock. JPMorgan Chase & Co. lowered shares of Presidio from an “overweight” rating to a “neutral” rating and set a $18.00 target price on the stock. in a report on Friday. BidaskClub lowered shares of Presidio from a “strong-buy” rating to a “buy” rating in a 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 report on Friday, December 29th. Barclays lowered shares of Presidio from an “overweight” rating to an “equal weight” rating and upped their price objective for the stock from $17.00 to $20.00 in a report on Wednesday, January 17th. Finally, Zacks Investment Research upgraded shares of Presidio from a “sell” rating to a “buy” rating and set a $17.00 price objective on the stock in a report on Wednesday, November 22nd. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Presidio has a consensus rating of “Hold” and an average price target of $18.44.
Presidio (NASDAQ PSDO) traded down $1.51 during trading hours on Friday, reaching $15.54. 168,945 shares of the company’s stock traded hands, compared to its average volume of 168,698. 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 12 month low of $12.75 and a 12 month high of $19.74.
In other news, major shareholder Apollo Management Holdings Gp, sold 9,200,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $13.61, for a total value of $125,212,000.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 2.70% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in PSDO. Advisor Group Inc. acquired a new stake in Presidio during the 2nd quarter worth approximately $103,000. Nationwide Fund Advisors acquired a new stake in Presidio during the 2nd quarter worth approximately $153,000. Cubist Systematic Strategies LLC lifted its holdings 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 in the last quarter. The Manufacturers Life Insurance Company acquired a new stake in Presidio during the 2nd quarter worth approximately $201,000. Finally, Teacher Retirement System of Texas acquired a new stake in Presidio during the 4th quarter worth approximately $210,000. Institutional investors own 98.07% 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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