Barclays downgraded shares of Presidio (NASDAQ:PSDO) from an overweight rating to an equal weight rating in a report released on Wednesday, January 17th, MarketBeat reports. The brokerage currently has $20.00 target price on the stock, up from their prior target price of $17.00.
A number of other analysts also recently issued reports on PSDO. Royal Bank of Canada reaffirmed an outperform rating and issued a $17.00 target price (down from $18.00) on shares of Presidio in a research note on Wednesday, September 20th. Evercore ISI reaffirmed a buy rating and issued a $19.00 target price on shares of Presidio in a research note on Friday, September 22nd. Zacks Investment Research downgraded Presidio from a hold rating to a sell rating in a research note on Wednesday, September 27th. BidaskClub raised Presidio from a buy rating to a strong-buy rating in a research note on Wednesday, December 20th. Finally, Wells Fargo & Co set a $21.00 target price on Presidio and gave the stock a buy rating in a research note on Friday, December 29th. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company. Presidio presently has a consensus rating of Hold and an average target price of $18.44.
Shares of Presidio (NASDAQ PSDO) traded down $2.12 on Wednesday, hitting $14.94. The company’s stock had a trading volume of 1,397,935 shares, compared to its average volume of 153,859. Presidio has a twelve month low of $12.75 and a twelve month high of $19.74. The firm has a market cap of $1,373.20 and a P/E ratio of 12.99. The company has a quick ratio of 1.00, a current ratio of 1.03 and a debt-to-equity ratio of 1.13.
In related news, major shareholder Apollo Management Holdings Gp, sold 9,200,000 shares of the firm’s stock in a transaction dated 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 hyperlink. 2.70% of the stock is currently owned by company insiders.
Several large investors have recently modified their holdings of PSDO. Schwab Charles Investment Management Inc. acquired a new stake in shares of Presidio during the 2nd quarter worth about $904,000. Rhumbline Advisers purchased a new position in Presidio during the 2nd quarter valued at about $294,000. Bank of New York Mellon Corp purchased a new position in Presidio during the 2nd quarter valued at about $849,000. Wells Fargo & Company MN boosted its holdings in Presidio by 18,235.3% during the 2nd quarter. Wells Fargo & Company MN now owns 55,006 shares of the company’s stock valued at $787,000 after acquiring an additional 54,706 shares during the period. Finally, Teachers Advisors LLC purchased a new position in Presidio during the 2nd quarter valued at about $490,000. 98.07% of the stock is owned by hedge funds and other institutional investors.
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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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