Presidio, Inc. (PSDO) Sees Unusually-High Trading Volume
Presidio, Inc. (NASDAQ:PSDO) saw an uptick in trading volume on Friday . 3,648,999 shares changed hands 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.
A number of brokerages have recently issued reports on PSDO. Barclays PLC increased their price target on shares of Presidio from $16.00 to $17.00 and gave the company an “overweight” rating in a report on Tuesday, November 7th. Zacks Investment Research downgraded shares of Presidio from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. Evercore ISI reiterated a “buy” rating and issued a $19.00 price target on shares of Presidio in a report on Friday, September 22nd. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $17.00 price target (down previously from $18.00) on shares of Presidio in a report on Wednesday, September 20th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $17.86.
The company has a quick ratio of 1.00, a current ratio of 1.03 and a debt-to-equity ratio of 1.13.
Presidio (NASDAQ:PSDO) last posted its earnings results on Thursday, September 21st. The company reported $0.11 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.05). The business had revenue of $753.90 million for the quarter, compared to analysts’ expectations of $741.59 million. The firm’s quarterly revenue was up 3.4% compared to the same quarter last year. equities research analysts expect that Presidio, Inc. will post 0.64 earnings per share for the current year.
A number of large investors have recently bought and sold shares of the business. Schwab Charles Investment Management Inc. increased its holdings in Presidio by 5.3% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 66,453 shares of the company’s stock valued at $941,000 after acquiring an additional 3,325 shares in the last quarter. Sei Investments Co. grew its holdings in shares of Presidio by 36.4% during the third quarter. Sei Investments Co. now owns 46,891 shares of the company’s stock worth $664,000 after buying an additional 12,522 shares in the last quarter. Jennison Associates LLC grew its holdings 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 worth $16,021,000 after buying an additional 50,598 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Presidio by 41.4% during the third quarter. American Century Companies Inc. now owns 955,267 shares of the company’s stock worth $13,517,000 after buying an additional 279,517 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. grew its holdings 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 worth $17,552,000 after buying an additional 128,350 shares in the last quarter. Hedge funds and other institutional investors own 96.82% of the company’s stock.
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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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