Presidio, Inc. (PSDO) Given Consensus Recommendation of “Buy” by Analysts
Shares of Presidio, Inc. (NASDAQ:PSDO) have been given a consensus recommendation of “Buy” by the ten ratings firms that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $17.75.
A number of research analysts have recently issued reports on PSDO shares. Zacks Investment Research raised Presidio from a “sell” rating to a “buy” rating and set a $17.00 price objective on the stock in a research note on Wednesday, November 22nd. Barclays raised their price objective on Presidio from $16.00 to $17.00 and gave the company an “overweight” rating in a research note on Tuesday, November 7th. Evercore ISI reaffirmed a “buy” rating and set a $19.00 price objective on shares of Presidio in a research note on Friday, September 22nd. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $17.00 price objective (down from $18.00) on shares of Presidio in a research note on Wednesday, September 20th.
Presidio (NASDAQ PSDO) opened at $15.28 on Monday. Presidio has a 12 month low of $12.75 and a 12 month high of $16.90. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.00 and a current ratio of 1.03.
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 value of $125,212,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.70% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. California Public Employees Retirement System bought a new stake in Presidio during the 1st quarter valued at approximately $774,000. NGAM Advisors L.P. boosted its position in Presidio by 593.7% during the 2nd quarter. NGAM Advisors L.P. now owns 99,047 shares of the company’s stock valued at $1,417,000 after acquiring an additional 84,768 shares in the last quarter. Sei Investments Co. boosted its position in Presidio by 0.7% during the 2nd quarter. Sei Investments Co. now owns 34,369 shares of the company’s stock valued at $492,000 after acquiring an additional 247 shares in the last quarter. Schwab Charles Investment Management Inc. bought a new stake in Presidio during the 2nd quarter valued at approximately $904,000. Finally, Rhumbline Advisers bought a new stake in Presidio during the 2nd quarter valued at approximately $294,000. 97.46% of the stock is currently owned by institutional investors.
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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