Presidio, Inc. (NASDAQ:PSDO) has earned a consensus rating of “Buy” from the nine analysts that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $18.00.
PSDO has been the subject of several recent analyst reports. ValuEngine cut shares of Presidio from a “buy” rating to a “hold” rating in a research report on Wednesday, May 17th. Royal Bank Of Canada decreased their price objective on shares of Presidio from $19.00 to $18.00 and set an “outperform” rating for the company in a research report on Friday, May 12th. Finally, Evercore ISI set a $19.00 price objective on shares of Presidio and gave the stock a “buy” rating in a research report on Saturday, May 13th.
Presidio (NASDAQ PSDO) opened at 13.38 on Friday. The firm’s market cap is $1.22 billion. Presidio has a one year low of $13.25 and a one year high of $14.36. The stock has a 50 day moving average of $14.25 and a 200 day moving average of $14.25.
Several large investors have recently bought and sold shares of PSDO. Apollo Management Holdings L.P. purchased a new stake in Presidio during the first quarter valued at $1,037,160,000. FMR LLC purchased a new stake in Presidio during the first quarter valued at $111,604,000. Massachusetts Financial Services Co. MA purchased a new stake in Presidio during the first quarter valued at $27,577,000. Jennison Associates LLC purchased a new stake in Presidio during the first quarter valued at $15,357,000. Finally, Vaughan Nelson Investment Management L.P. boosted its stake in Presidio by 185.1% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 1,112,050 shares of the company’s stock valued at $15,914,000 after buying an additional 722,050 shares during the period. Institutional investors own 94.15% 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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