Presidio Inc (PSDO) Price Target Cut to $16.00
Presidio Inc (NASDAQ:PSDO) had its target price reduced by analysts at Barclays PLC from $17.00 to $16.00 in a report released on Friday. The firm presently has an “overweight” rating on the stock. Barclays PLC’s price objective suggests a potential upside of 20.57% from the stock’s current price.
PSDO has been the subject of several other reports. Evercore ISI restated a “buy” rating and issued a $19.00 price objective on shares of Presidio in a report on Friday. Royal Bank Of Canada restated a “buy” rating and issued a $18.00 price objective on shares of Presidio in a report on Wednesday. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $17.86.
Shares of Presidio (PSDO) traded down 3.44% during mid-day trading on Friday, reaching $13.47. The company had a trading volume of 493,712 shares. The firm has a 50-day moving average of $14.25 and a 200-day moving average of $14.25. The company’s market capitalization is $1.22 billion. Presidio has a 12-month low of $12.75 and a 12-month high of $16.38.
Presidio (NASDAQ:PSDO) last posted its earnings results on Thursday, September 21st. The company reported $0.11 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.05). The firm had revenue of $753.90 million for the quarter, compared to analysts’ expectations of $741.59 million. Presidio had a return on equity of 6.99% and a net margin of 1.43%. The company’s quarterly revenue was up 3.4% compared to the same quarter last year. On average, equities analysts anticipate that Presidio will post $1.32 earnings per share for the current fiscal year.
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A number of institutional investors and hedge funds have recently modified their holdings of the business. Apollo Management Holdings L.P. purchased a new stake in Presidio in the first quarter worth about $1,037,160,000. FMR LLC lifted its holdings in Presidio by 23.0% in the second quarter. FMR LLC now owns 8,864,590 shares of the company’s stock worth $126,852,000 after buying an additional 1,657,336 shares during the period. Massachusetts Financial Services Co. MA purchased a new stake in Presidio in the first quarter worth about $27,577,000. Vanguard Group Inc. purchased a new stake in Presidio in the second quarter worth about $18,605,000. Finally, Sandhill Capital Partners LLC purchased a new stake in Presidio in the second quarter worth about $18,536,000. Institutional investors and hedge funds own 97.10% of the company’s stock.
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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