Presidio (PSDO) Receiving Somewhat Positive Media Coverage, Accern Reports

Media stories about Presidio (NASDAQ:PSDO) have been trending somewhat positive this week, Accern Sentiment reports. Accern identifies negative and positive press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Presidio earned a news impact score of 0.12 on Accern’s scale. Accern also gave news articles about the company an impact score of 45.8030496418516 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Shares of Presidio (NASDAQ:PSDO) opened at $15.10 on Friday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.00 and a current ratio of 1.04. The firm has a market cap of $1,388.37 and a PE ratio of 13.13. Presidio has a 52 week low of $12.75 and a 52 week high of $19.74.

Several research analysts recently issued reports on the stock. JPMorgan Chase & Co. lowered shares of Presidio from an “overweight” rating to a “neutral” rating and set a $18.00 price target for the company. in a research report on Friday, February 9th. Evercore ISI set a $19.00 price target on shares of Presidio and gave the stock a “buy” rating in a research report on Monday, December 11th. Wells Fargo & Co set a $21.00 price target on shares of Presidio and gave the stock a “buy” rating in a research report on Friday, December 29th. BidaskClub lowered shares of Presidio from a “buy” rating to a “hold” rating in a research report on Tuesday, January 16th. Finally, Zacks Investment Research lowered shares of Presidio from a “buy” rating to a “hold” rating in a research report on Saturday, December 16th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $18.44.

In other Presidio news, major shareholder Apollo Management Holdings Gp, sold 9,200,000 shares of the company’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $13.61, for a total transaction of $125,212,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.70% of the stock is currently owned by corporate insiders.

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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.

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