Wells Fargo & Co Analysts Give Presidio (PSDO) a $21.00 Price Target

Presidio (NASDAQ:PSDO) has been assigned a $21.00 target price by research analysts at Wells Fargo & Co in a research report issued to clients and investors on Friday. The brokerage currently has a “buy” rating on the stock. Wells Fargo & Co’s price target would suggest a potential upside of 9.55% from the stock’s current price.

Other equities analysts have also recently issued reports about the company. Zacks Investment Research cut Presidio from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. Evercore ISI restated a “buy” rating and set a $19.00 target price on shares of Presidio in a research report on Friday, September 22nd. Barclays reduced 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. Royal Bank of Canada restated an “outperform” rating and set a $17.00 target price (down from $18.00) on shares of Presidio in a research report on Wednesday, September 20th. Finally, BidaskClub upgraded Presidio from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 20th. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $18.11.

Presidio (PSDO) opened at $19.17 on Friday. Presidio has a 52-week low of $12.75 and a 52-week high of $19.49. The company has a current ratio of 1.03, a quick ratio of 1.00 and a debt-to-equity ratio of 1.13.

In related news, major shareholder Apollo Management Holdings Gp, sold 9,200,000 shares of the business’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $13.61, for a total transaction of $125,212,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.70% of the stock is owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. Advisor Group Inc. purchased a new position in shares of Presidio in the 2nd quarter worth about $103,000. Nationwide Fund Advisors purchased a new position in shares of Presidio in the 2nd quarter worth about $153,000. Cubist Systematic Strategies LLC boosted its holdings in shares of Presidio by 802.7% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 11,735 shares of the company’s stock worth $168,000 after purchasing an additional 10,435 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new position in shares of Presidio in the 2nd quarter worth about $201,000. Finally, Susquehanna International Group LLP purchased a new position in shares of Presidio in the 3rd quarter worth about $288,000. Hedge funds and other institutional investors own 97.46% of the company’s stock.

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Presidio Company Profile

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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