Presidio, Inc. (NASDAQ:PSDO) rose 0% during mid-day trading on Tuesday after Barclays PLC raised their price target on the stock from $16.00 to $17.00. Barclays PLC currently has an overweight rating on the stock. Presidio traded as high as $16.90 and last traded at $15.76. Approximately 533,523 shares were traded during mid-day trading, an increase of 314% from the average daily volume of 128,763 shares. The stock had previously closed at $15.76.

A number of other research firms have also recently issued reports on PSDO. Evercore ISI reiterated a “buy” rating and issued a $19.00 target price on shares of Presidio in a research note on Friday, September 22nd. Zacks Investment Research cut Presidio from a “hold” rating to a “sell” rating in a research note on Wednesday, September 27th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $17.00 target price (down from $18.00) on shares of Presidio in a research note on Wednesday, September 20th. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $17.86.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Advisor Group Inc. bought a new stake in shares of Presidio during the second quarter valued at about $103,000. Nationwide Fund Advisors bought a new stake in shares of Presidio during the second quarter valued at about $153,000. Cubist Systematic Strategies LLC raised its stake in shares of Presidio by 802.7% during the second quarter. Cubist Systematic Strategies LLC now owns 11,735 shares of the company’s stock valued at $168,000 after purchasing an additional 10,435 shares in the last quarter. The Manufacturers Life Insurance Company bought a new stake in shares of Presidio during the second quarter valued at about $201,000. Finally, Jane Street Group LLC bought a new stake in shares of Presidio during the first quarter valued at about $221,000. Institutional investors and hedge funds own 96.87% of the company’s stock.

The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.00 and a current ratio of 1.03.

Presidio (NASDAQ:PSDO) last issued its quarterly earnings data on Thursday, September 21st. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.05). The company had revenue of $753.90 million for the quarter, compared to analyst estimates of $741.59 million. The company’s revenue was up 3.4% compared to the same quarter last year. research analysts anticipate that Presidio, Inc. will post 0.6 earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: “Presidio, Inc. (PSDO) Stock Price Up 0% After Analyst Upgrade” was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this news story on another domain, it was copied illegally and republished in violation of US and international copyright law. The legal version of this news story can be accessed at https://www.thecerbatgem.com/2017/11/07/presidio-inc-psdo-stock-price-up-0-after-analyst-upgrade.html.

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.

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