Presidio Inc (NASDAQ:PSDO) saw a significant drop in short interest during the month of November. As of November 30th, there was short interest totalling 2,056,207 shares, a drop of 27.6% from the November 15th total of 2,840,656 shares. Based on an average trading volume of 741,076 shares, the days-to-cover ratio is currently 2.8 days. Currently, 5.1% of the shares of the company are sold short.

A number of analysts have issued reports on the company. BidaskClub raised Presidio from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. 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 target price on Presidio and gave the stock a “buy” rating in a research report on Monday, December 11th. Barclays raised their target price on Presidio from $16.00 to $17.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 7th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $17.00 target price (down from $18.00) on shares of Presidio in a research report on Wednesday, September 20th. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Presidio has a consensus rating of “Buy” and a consensus target price of $17.75.

Shares of Presidio (NASDAQ:PSDO) opened at $18.55 on Thursday. 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 has a 52-week low of $12.75 and a 52-week high of $18.65.

Presidio (NASDAQ:PSDO) last posted its quarterly earnings results on Thursday, September 21st. The company reported $0.11 EPS for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.05). The firm had revenue of $753.90 million during the quarter, compared to analysts’ expectations of $741.59 million. Presidio’s revenue for the quarter was up 3.4% compared to the same quarter last year. sell-side analysts anticipate that Presidio will post 0.57 EPS for the current fiscal year.

In other Presidio news, major shareholder Apollo Management Holdings Gp, sold 9,200,000 shares of the firm’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $13.61, for a total value of $125,212,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.70% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Sei Investments Co. boosted its holdings in shares of Presidio by 0.7% in the second quarter. Sei Investments Co. now owns 34,369 shares of the company’s stock worth $492,000 after acquiring an additional 247 shares during the period. Schwab Charles Investment Management Inc. boosted its holdings in shares of Presidio by 5.3% in the third quarter. Schwab Charles Investment Management Inc. now owns 66,453 shares of the company’s stock worth $941,000 after acquiring an additional 3,325 shares during the period. Advisor Group Inc. bought a new position in shares of Presidio in the second quarter worth $103,000. Cubist Systematic Strategies LLC boosted its holdings in shares of Presidio by 802.7% in the second quarter. Cubist Systematic Strategies LLC now owns 11,735 shares of the company’s stock worth $168,000 after acquiring an additional 10,435 shares during the period. Finally, Nationwide Fund Advisors bought a new position in shares of Presidio in the second quarter worth $153,000. 97.46% of the stock is owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY WARNING: “Presidio Inc (PSDO) Short Interest Down 27.6% in November” was originally published by Watch List News and is the property of of Watch List News. If you are reading this piece on another site, it was copied illegally and republished in violation of U.S. and international copyright laws. The correct version of this piece can be read at https://www.watchlistnews.com/presidio-inc-psdo-short-interest-down-27-6-in-november/1775396.html.

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.

Receive News & Ratings for Presidio Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Presidio and related companies with MarketBeat.com's FREE daily email newsletter.