Stock analysts at Berenberg Bank initiated coverage on shares of ePlus (NASDAQ:PLUS) in a research report issued on Friday, The Fly reports. The brokerage set a “buy” rating on the software maker’s stock.
Several other research analysts also recently weighed in on PLUS. Zacks Investment Research upgraded ePlus from a “sell” rating to a “hold” rating in a research note on Wednesday. BidaskClub upgraded ePlus from a “sell” rating to a “hold” rating in a research note on Wednesday, October 24th. ValuEngine downgraded ePlus from a “hold” rating to a “sell” rating in a research note on Wednesday, September 19th. Finally, Stifel Nicolaus reiterated a “neutral” rating and set a $100.00 price target on shares of ePlus in a research note on Friday, August 10th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. ePlus currently has a consensus rating of “Hold” and an average target price of $107.00.
Shares of ePlus stock opened at $80.09 on Friday. ePlus has a 1 year low of $67.65 and a 1 year high of $107.25. The firm has a market cap of $1.11 billion, a PE ratio of 18.98 and a beta of 1.22. The company has a quick ratio of 1.53, a current ratio of 1.70 and a debt-to-equity ratio of 0.03.
ePlus (NASDAQ:PLUS) last announced its earnings results on Wednesday, November 7th. The software maker reported $1.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.60 by ($0.07). ePlus had a net margin of 4.20% and a return on equity of 16.58%. The business had revenue of $345.04 million for the quarter, compared to analysts’ expectations of $378.95 million. Equities analysts expect that ePlus will post 5.15 earnings per share for the current fiscal year.
In other news, Director Lawrence S. Herman sold 500 shares of the stock in a transaction on Wednesday, September 12th. The stock was sold at an average price of $102.43, for a total transaction of $51,215.00. Following the completion of the transaction, the director now owns 11,552 shares in the company, valued at approximately $1,183,271.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Mark P. Marron sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, September 18th. The stock was sold at an average price of $100.99, for a total value of $2,019,800.00. Following the completion of the transaction, the chief executive officer now owns 99,752 shares of the company’s stock, valued at approximately $10,073,954.48. The disclosure for this sale can be found here. Insiders have sold a total of 46,794 shares of company stock valued at $4,750,250 in the last quarter. 2.72% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. First Midwest Bank Trust Division boosted its stake in ePlus by 13.2% in the 2nd quarter. First Midwest Bank Trust Division now owns 4,384 shares of the software maker’s stock worth $413,000 after purchasing an additional 512 shares during the period. Aperio Group LLC boosted its stake in ePlus by 19.5% in the 2nd quarter. Aperio Group LLC now owns 3,501 shares of the software maker’s stock worth $329,000 after purchasing an additional 571 shares during the period. Cubist Systematic Strategies LLC boosted its stake in ePlus by 21.8% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 3,428 shares of the software maker’s stock worth $323,000 after purchasing an additional 613 shares during the period. Raymond James & Associates boosted its stake in ePlus by 6.8% in the 2nd quarter. Raymond James & Associates now owns 12,298 shares of the software maker’s stock worth $1,157,000 after purchasing an additional 786 shares during the period. Finally, Globeflex Capital L P boosted its stake in ePlus by 4.6% in the 2nd quarter. Globeflex Capital L P now owns 18,020 shares of the software maker’s stock worth $1,696,000 after purchasing an additional 800 shares during the period. Institutional investors and hedge funds own 90.15% of the company’s stock.
ePlus Company Profile
ePlus inc., through its subsidiaries, provides information technology solutions that enable organizations to optimize their information technology (IT) environment and supply chain processes in the United States. It operates in two segments, Technology and Financing. The Technology segment offers hardware, software, maintenance, software assurance, and internally-provided and outsourced services; and advanced professional and managed services, including ePlus managed, professional, security, staff augmentation, server and desktop support, and project management services.
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