ePlus (NASDAQ:PLUS) was upgraded by BidaskClub from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday.
Several other brokerages have also commented on PLUS. Zacks Investment Research upgraded shares of ePlus from a “sell” rating to a “hold” rating in a research note on Wednesday, November 14th. Berenberg Bank started coverage on shares of ePlus in a research note on Friday, November 16th. They issued a “buy” rating and a $96.00 price target on the stock. Sidoti started coverage on shares of ePlus in a research note on Monday, November 19th. They issued a “neutral” rating and a $86.00 price target on the stock. Finally, ValuEngine upgraded shares of ePlus from a “strong sell” rating to a “sell” rating in a research note on Wednesday, January 2nd. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. ePlus presently has a consensus rating of “Hold” and a consensus price target of $99.00.
Shares of PLUS opened at $83.26 on Tuesday. ePlus has a 12-month low of $65.52 and a 12-month high of $107.25. The company has a quick ratio of 1.56, a current ratio of 1.70 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $1.14 billion, a P/E ratio of 19.73 and a beta of 1.26.
ePlus (NASDAQ:PLUS) last issued its earnings results on Wednesday, February 6th. The software maker reported $1.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.98 by $0.12. The firm had revenue of $345.66 million for the quarter, compared to analysts’ expectations of $340.40 million. ePlus had a net margin of 4.14% and a return on equity of 16.64%. Equities research analysts anticipate that ePlus will post 4.57 EPS for the current year.
A number of institutional investors have recently made changes to their positions in the business. Meeder Asset Management Inc. grew its position in shares of ePlus by 431.8% during the third quarter. Meeder Asset Management Inc. now owns 1,622 shares of the software maker’s stock worth $151,000 after acquiring an additional 1,317 shares during the last quarter. Bessemer Group Inc. purchased a new position in shares of ePlus during the third quarter worth approximately $185,000. Zions Bancorporation purchased a new position in shares of ePlus during the third quarter worth approximately $197,000. Campbell & CO Investment Adviser LLC purchased a new position in shares of ePlus during the third quarter worth approximately $322,000. Finally, Trexquant Investment LP purchased a new position in shares of ePlus during the third quarter worth approximately $339,000. Institutional investors own 93.79% of the company’s stock.
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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