BidaskClub upgraded shares of Presidio (NASDAQ:PSDO) from a buy rating to a strong-buy rating in a report issued on Wednesday.

Other equities analysts have also issued research reports about the company. Zacks Investment Research lowered Presidio from a hold rating to a sell rating in a research report on Tuesday, October 3rd. Evercore ISI reissued a buy rating and issued a $19.00 target price on shares of Presidio in a research report on Friday, September 22nd. Barclays decreased their target price on Presidio from $17.00 to $16.00 and set an overweight rating for the company in a research report on Friday, September 22nd. Finally, Royal Bank of Canada reissued an outperform rating and issued a $17.00 target price (down previously from $18.00) on shares of Presidio in a research report on Wednesday, September 20th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of Buy and an average price target of $17.75.

Presidio (NASDAQ PSDO) opened at $18.84 on Wednesday. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.03 and a quick ratio of 1.00. The stock has a market capitalization of $1,740.00 and a PE ratio of 134.57. Presidio has a 52-week low of $12.75 and a 52-week high of $19.00.

Presidio (NASDAQ:PSDO) last posted its quarterly earnings results on Thursday, September 21st. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.05). The firm had revenue of $753.90 million during the quarter, compared to analysts’ expectations of $741.59 million. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. research analysts expect that Presidio will post 0.57 earnings per share for the current year.

In other news, major shareholder Apollo Management Holdings Gp, sold 9,200,000 shares of the company’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $13.61, for a total transaction of $125,212,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 2.70% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PSDO. Advisor Group Inc. bought a new position in shares of Presidio during the 2nd quarter valued at approximately $103,000. Nationwide Fund Advisors bought a new position in shares of Presidio during the 2nd quarter valued at approximately $153,000. Cubist Systematic Strategies LLC grew its stake in shares of Presidio by 802.7% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 11,735 shares of the company’s stock valued at $168,000 after acquiring an additional 10,435 shares during the period. The Manufacturers Life Insurance Company bought a new position in shares of Presidio during the 2nd quarter valued at approximately $201,000. Finally, Balter Liquid Alternatives LLC bought a new position in shares of Presidio during the 2nd quarter valued at approximately $233,000. 97.46% of the stock is owned by hedge funds and other institutional investors.

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About Presidio

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.

Analyst Recommendations for Presidio (NASDAQ:PSDO)

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