Presidio, Inc. (PSDO) Sees Strong Trading Volume

Shares of Presidio, Inc. (NASDAQ:PSDO) saw unusually-strong trading volume on Friday . Approximately 3,648,999 shares were traded during mid-day trading, an increase of 1,284% from the previous session’s volume of 263,587 shares.The stock last traded at $14.96 and had previously closed at $14.55.

Several equities analysts have recently weighed in on the company. Evercore ISI reissued a “buy” rating and set a $19.00 price target on shares of Presidio in a report on Friday, September 22nd. 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 report on Wednesday, September 20th. Barclays PLC decreased their target price on Presidio from $17.00 to $16.00 and set an “overweight” rating on the stock in a report on Friday, September 22nd. Finally, Zacks Investment Research cut Presidio from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $17.86.

The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.00 and a current ratio of 1.03.

Presidio (NASDAQ:PSDO) last issued its quarterly earnings results on Thursday, September 21st. The company reported $0.11 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.05). The business had revenue of $753.90 million during the quarter, compared to analyst estimates of $741.59 million. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. analysts predict that Presidio, Inc. will post 0.64 EPS for the current fiscal year.

A number of hedge funds have recently modified their holdings of the business. FMR LLC grew its position in shares of Presidio by 23.0% during the second quarter. FMR LLC now owns 8,864,590 shares of the company’s stock valued at $126,852,000 after purchasing an additional 1,657,336 shares in the last quarter. Vanguard Group Inc. purchased a new position in shares of Presidio during the second quarter valued at about $18,605,000. Sandhill Capital Partners LLC purchased a new position in shares of Presidio during the second quarter valued at about $18,536,000. Vaughan Nelson Investment Management L.P. grew its position in shares of Presidio by 11.5% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,240,400 shares of the company’s stock valued at $17,552,000 after purchasing an additional 128,350 shares in the last quarter. Finally, Jennison Associates LLC grew its position in shares of Presidio by 4.7% during the third quarter. Jennison Associates LLC now owns 1,132,258 shares of the company’s stock valued at $16,021,000 after purchasing an additional 50,598 shares in the last quarter. Institutional investors and hedge funds own 96.82% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Presidio, Inc. (PSDO) Sees Strong Trading Volume” was originally posted by Community Financial News and is the property of of Community Financial News. If you are viewing this news story on another domain, it was stolen and republished in violation of U.S. and international copyright laws. The original version of this news story can be accessed at https://www.com-unik.info/2017/11/19/presidio-inc-psdo-sees-strong-trading-volume.html.

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.

What are top analysts saying about Presidio Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Presidio Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit