Brokerages Set ePlus Inc. (PLUS) Price Target at $93.00

Shares of ePlus Inc. (NASDAQ:PLUS) have received an average recommendation of “Hold” from the six analysts that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $93.00.

PLUS has been the subject of several recent analyst reports. BidaskClub raised ePlus from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 13th. Zacks Investment Research downgraded ePlus from a “hold” rating to a “sell” rating in a report on Wednesday, February 13th. Finally, Berenberg Bank set a $98.00 price target on ePlus and gave the stock a “buy” rating in a report on Thursday, May 23rd.

PLUS stock traded up $0.47 during trading on Tuesday, reaching $72.00. 326 shares of the company traded hands, compared to its average volume of 113,017. ePlus has a 12 month low of $65.52 and a 12 month high of $107.25. The company has a market cap of $961.02 million, a P/E ratio of 15.45 and a beta of 1.46. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.70 and a quick ratio of 1.55.

ePlus (NASDAQ:PLUS) last issued its quarterly earnings data on Wednesday, May 22nd. The software maker reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.18. ePlus had a return on equity of 16.81% and a net margin of 4.60%. The company had revenue of $325.43 million for the quarter, compared to the consensus estimate of $357.65 million. On average, analysts anticipate that ePlus will post 4.24 EPS for the current year.

In other ePlus news, CFO Elaine D. Marion sold 2,661 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $95.12, for a total value of $253,114.32. Following the completion of the sale, the chief financial officer now owns 64,006 shares of the company’s stock, valued at $6,088,250.72. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Elaine D. Marion sold 1,566 shares of the firm’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $95.00, for a total value of $148,770.00. Following the completion of the sale, the chief financial officer now directly owns 62,440 shares of the company’s stock, valued at approximately $5,931,800. The disclosure for this sale can be found here. In the last three months, insiders sold 14,000 shares of company stock valued at $1,311,665. Corporate insiders own 2.72% of the company’s stock.

Several large investors have recently made changes to their positions in the company. Mason Street Advisors LLC raised its stake in shares of ePlus by 2.7% in the first quarter. Mason Street Advisors LLC now owns 4,371 shares of the software maker’s stock worth $387,000 after purchasing an additional 115 shares during the last quarter. Campbell Newman Asset Management Inc. raised its position in ePlus by 2.5% during the first quarter. Campbell Newman Asset Management Inc. now owns 7,864 shares of the software maker’s stock valued at $696,000 after acquiring an additional 189 shares in the last quarter. Piedmont Investment Advisors Inc. raised its position in ePlus by 5.8% during the first quarter. Piedmont Investment Advisors Inc. now owns 3,479 shares of the software maker’s stock valued at $308,000 after acquiring an additional 192 shares in the last quarter. First Trust Advisors LP raised its position in ePlus by 2.0% during the first quarter. First Trust Advisors LP now owns 10,703 shares of the software maker’s stock valued at $948,000 after acquiring an additional 211 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its position in ePlus by 2.2% during the fourth quarter. Thrivent Financial for Lutherans now owns 9,780 shares of the software maker’s stock valued at $696,000 after acquiring an additional 215 shares in the last quarter. Hedge funds and other institutional investors own 91.39% of the company’s stock.

About ePlus

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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