Evercore ISI set a $19.00 target price on Presidio (NASDAQ:PSDO) in a research note published on Friday. The brokerage currently has a buy rating on the stock.

PSDO has been the subject of several other reports. Zacks Investment Research cut shares of Presidio from a buy rating to a hold rating in a report on Saturday, December 16th. BidaskClub raised shares of Presidio from a buy rating to a strong-buy rating in a report on Wednesday, December 20th. Barclays boosted their price objective on shares of Presidio from $16.00 to $17.00 and gave the company an overweight rating in a report on Tuesday, November 7th. Wells Fargo & Co set a $21.00 price objective on shares of Presidio and gave the company a buy rating in a report on Friday, December 29th. Finally, JPMorgan Chase & Co. cut shares of Presidio from an overweight rating to a neutral rating and set a $18.00 price objective for the company. in a report on Friday. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Presidio has an average rating of Hold and a consensus price target of $18.44.

Presidio (PSDO) traded down $2.12 on Friday, hitting $14.94. 1,397,935 shares of the stock traded hands, compared to its average volume of 153,859. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.03 and a quick ratio of 1.00. Presidio has a 1 year low of $12.75 and a 1 year high of $19.74.

In related news, major shareholder Apollo Management Holdings Gp, sold 9,200,000 shares of the business’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 transaction of $125,212,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.70% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. bought a new stake in Presidio during the second quarter valued at approximately $18,605,000. Teachers Advisors LLC bought a new stake in Presidio during the second quarter valued at approximately $490,000. Wells Fargo & Company MN grew its position in Presidio by 18,235.3% during the second quarter. Wells Fargo & Company MN now owns 55,006 shares of the company’s stock valued at $787,000 after buying an additional 54,706 shares during the period. TIAA CREF Investment Management LLC bought a new stake in Presidio during the second quarter valued at approximately $723,000. Finally, State Street Corp bought a new stake in Presidio during the second quarter valued at approximately $3,390,000. Institutional investors own 98.07% of the company’s stock.

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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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