Presidio (PSDO) Stock Rating Lowered by JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered shares of Presidio (NASDAQ:PSDO) from an overweight rating to a neutral rating in a research report released on Friday morning, Marketbeat reports. They currently have $18.00 target price on the stock.

A number of other research firms also recently weighed in on PSDO. Zacks Investment Research raised Presidio from a sell rating to a buy rating and set a $17.00 target price for the company in a report on Wednesday, November 22nd. Barclays lifted their target price on Presidio from $16.00 to $17.00 and gave the stock an overweight rating in a report on Tuesday, November 7th. BidaskClub downgraded Presidio from a strong-buy rating to a buy rating in a report on Wednesday, January 10th. Wells Fargo & Co set a $21.00 target price on Presidio and gave the stock a buy rating in a report on Friday, December 29th. Finally, Evercore ISI set a $19.00 target price on Presidio and gave the stock a buy rating in a report on Monday, December 11th. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Presidio has a consensus rating of Hold and an average target price of $18.44.

Presidio (NASDAQ PSDO) opened at $14.94 on Friday. Presidio has a 52-week low of $12.75 and a 52-week high of $19.74. The company has a current ratio of 1.03, a quick ratio of 1.00 and a debt-to-equity ratio of 1.13. The company has a market cap of $1,373.20 and a price-to-earnings ratio of 22.98.

In other news, major shareholder Apollo Management Holdings Gp, sold 9,200,000 shares of Presidio stock in a transaction on 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 filing with the Securities & Exchange Commission, which is accessible through this link. 2.70% of the stock is currently owned by company insiders.

Hedge funds have recently bought and sold shares of the stock. Advisor Group Inc. acquired a new position in Presidio in the second quarter valued at about $103,000. Nationwide Fund Advisors acquired a new position in Presidio in the second quarter valued at about $153,000. Cubist Systematic Strategies LLC raised its stake in Presidio by 802.7% in the second quarter. Cubist Systematic Strategies LLC now owns 11,735 shares of the company’s stock valued at $168,000 after purchasing an additional 10,435 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new position in Presidio in the second quarter valued at about $201,000. Finally, Teacher Retirement System of Texas acquired a new position in Presidio in the fourth quarter valued at about $210,000. 98.18% of the stock is owned by institutional investors and hedge funds.

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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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