Presidio, Inc. (NASDAQ:PSDO) had its price objective cut by Barclays PLC from $17.00 to $16.00 in a research report report published on Friday morning. They currently have an overweight rating on the stock.

Several other equities analysts also recently weighed in on the stock. Evercore ISI restated a buy rating and set a $19.00 target price on shares of Presidio in a report on Friday. Royal Bank Of Canada restated an outperform rating and set a $17.00 target price (down from $18.00) on shares of Presidio in a report on Wednesday, September 20th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock has a consensus rating of Buy and an average price target of $17.71.

Shares of Presidio (NASDAQ PSDO) opened at 13.55 on Friday. The company’s 50-day moving average is $14.25 and its 200 day moving average is $14.25. The stock’s market cap is $1.24 billion. Presidio has a 52 week low of $12.75 and a 52 week high of $16.38.

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. Analysts forecast that Presidio will post $1.32 earnings per share for the current fiscal year.

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Large investors have recently bought and sold shares of the business. Advisor Group Inc. purchased a new position in Presidio during the 2nd quarter valued at about $103,000. Nationwide Fund Advisors purchased a new position in Presidio during the 2nd quarter valued at about $153,000. Cubist Systematic Strategies LLC increased its holdings in Presidio by 802.7% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 11,735 shares of the company’s stock valued at $168,000 after acquiring an additional 10,435 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new position in Presidio during the 2nd quarter valued at about $201,000. Finally, Ngam Advisors L.P. purchased a new position in Presidio during the 1st quarter valued at about $221,000. Hedge funds and other institutional investors own 97.10% of the company’s stock.

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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