BidaskClub upgraded shares of Presidio (NASDAQ:PSDO) from a sell rating to a hold rating in a report issued on Saturday.

Other analysts have also recently issued research reports about the stock. Zacks Investment Research cut shares of Presidio from a hold rating to a sell rating in a research note on Wednesday, May 16th. Barclays decreased their price target on shares of Presidio from $19.00 to $16.00 and set an equal weight rating for the company in a research note on Friday, May 11th. Royal Bank of Canada downgraded shares of Presidio from an outperform rating to a sector perform rating and set a $19.00 price objective for the company. in a research report on Friday, May 11th. Finally, Wells Fargo & Co downgraded shares of Presidio from an outperform rating to a market perform rating in a research report on Thursday, May 10th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Presidio currently has a consensus rating of Hold and a consensus price target of $18.17.

Shares of NASDAQ:PSDO opened at $14.77 on Friday. The firm has a market cap of $1.38 billion, a P/E ratio of 296.80, a price-to-earnings-growth ratio of 3.62 and a beta of 0.93. The company has a quick ratio of 1.04, a current ratio of 1.07 and a debt-to-equity ratio of 0.92. Presidio has a 1-year low of $11.97 and a 1-year high of $19.74.

A number of institutional investors have recently made changes to their positions in PSDO. Wells Fargo & Company MN raised its position in Presidio by 58.1% during the 4th quarter. Wells Fargo & Company MN now owns 39,200 shares of the company’s stock worth $751,000 after buying an additional 14,404 shares during the last quarter. Bank of New York Mellon Corp raised its position in Presidio by 60.5% during the 4th quarter. Bank of New York Mellon Corp now owns 95,221 shares of the company’s stock worth $1,825,000 after buying an additional 35,908 shares during the last quarter. BlackRock Inc. raised its position in Presidio by 44.5% during the 4th quarter. BlackRock Inc. now owns 1,216,504 shares of the company’s stock worth $23,320,000 after buying an additional 374,867 shares during the last quarter. Geode Capital Management LLC raised its position in Presidio by 13.8% during the 4th quarter. Geode Capital Management LLC now owns 338,352 shares of the company’s stock worth $6,486,000 after buying an additional 41,141 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new position in Presidio during the 4th quarter worth $377,000. Institutional investors own 98.35% of the company’s stock.

About Presidio

Presidio, Inc provides information technology (IT) solutions to the middle market in North America. The company offers digital infrastructure solutions that enable clients to deploy IT infrastructure, as well as focuses on networking, collaboration, enterprise mobility, Internet of Things, and data analytics.

See Also: Find a Trading Strategy That Works

Analyst Recommendations for Presidio (NASDAQ:PSDO)

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.