Presidio (PSDO) Upgraded at JPMorgan Chase & Co.

Presidio (NASDAQ:PSDO) was upgraded by investment analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a research note issued on Monday.

PSDO has been the subject of several other research reports. Zacks Investment Research downgraded Presidio from a “buy” rating to a “hold” rating in a research report on Saturday, December 16th. Evercore ISI set a $19.00 price target on Presidio and gave the stock a “buy” rating in a research report on Monday, December 11th. BidaskClub raised Presidio from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 20th. Barclays downgraded Presidio from an “overweight” rating to an “equal weight” rating and raised their price target for the stock from $17.00 to $20.00 in a research report on Wednesday, January 17th. Finally, Wells Fargo set a $21.00 price target on Presidio and gave the stock a “buy” rating in a research report on Friday, December 29th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $18.33.

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Presidio (NASDAQ PSDO) opened at $14.83 on Monday. The company has a current ratio of 1.04, a quick ratio of 1.01 and a debt-to-equity ratio of 0.94. The firm has a market capitalization of $1,363.55 and a price-to-earnings ratio of 12.90. Presidio has a 1 year low of $12.75 and a 1 year high of $19.74.

Presidio (NASDAQ:PSDO) last released its quarterly earnings results on Thursday, February 8th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.02). The company had revenue of $661.60 million for the quarter, compared to analysts’ expectations of $742.74 million. Presidio had a return on equity of 9.62% and a net margin of 4.11%. sell-side analysts forecast that Presidio will post 0.54 EPS for the current fiscal year.

Several hedge funds have recently bought and sold shares of PSDO. ArrowMark Colorado Holdings LLC boosted its holdings in shares of Presidio by 267.1% during the fourth quarter. ArrowMark Colorado Holdings LLC now owns 4,682,023 shares of the company’s stock worth $89,754,000 after purchasing an additional 3,406,572 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its holdings in shares of Presidio by 39.2% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 1,727,025 shares of the company’s stock worth $33,107,000 after purchasing an additional 486,625 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Presidio by 44.5% during the fourth quarter. BlackRock Inc. now owns 1,216,504 shares of the company’s stock worth $23,320,000 after purchasing an additional 374,867 shares during the last quarter. AXA acquired a new stake in shares of Presidio during the fourth quarter worth $5,148,000. Finally, State Street Corp acquired a new stake in shares of Presidio during the second quarter worth $3,390,000. Institutional investors and hedge funds own 97.00% 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.

Analyst Recommendations for Presidio (NASDAQ:PSDO)

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