ePlus (NASDAQ:PLUS) Rating Lowered to Buy at BidaskClub

BidaskClub cut shares of ePlus (NASDAQ:PLUS) from a strong-buy rating to a buy rating in a research report released on Friday, June 7th, BidAskClub reports.

Other equities research analysts have also recently issued research reports about the company. Zacks Investment Research upgraded ePlus from a sell rating to a hold rating in a research note on Wednesday, April 10th. Berenberg Bank set a $98.00 price objective on ePlus and gave the company a buy rating in a report on Thursday, May 23rd. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. ePlus presently has an average rating of Hold and a consensus target price of $99.50.

Shares of PLUS traded up $2.25 during midday trading on Friday, reaching $71.19. The stock had a trading volume of 88,774 shares, compared to its average volume of 113,910. The business has a fifty day moving average price of $76.10. ePlus has a 1-year low of $65.52 and a 1-year high of $107.25. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.55 and a current ratio of 1.70. The firm has a market capitalization of $938.29 million, a P/E ratio of 15.31 and a beta of 1.35.

ePlus (NASDAQ:PLUS) last announced its earnings results on Wednesday, May 22nd. The software maker reported $1.12 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.18. The business had revenue of $325.43 million during the quarter, compared to the consensus estimate of $357.65 million. ePlus had a net margin of 4.60% and a return on equity of 16.81%. Research analysts expect that ePlus will post 4.24 earnings per share for the current year.

In other news, CFO Elaine D. Marion sold 5,000 shares of the firm’s stock in a transaction on Friday, April 5th. The stock was sold at an average price of $91.25, for a total value of $456,250.00. Following the transaction, the chief financial officer now directly owns 66,967 shares in the company, valued at approximately $6,110,738.75. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Elaine D. Marion sold 1,566 shares of the firm’s stock in a transaction on 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 transaction, the chief financial officer now owns 62,440 shares in the company, valued at $5,931,800. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,600 shares of company stock worth $1,354,709. Corporate insiders own 2.72% of the company’s stock.

A number of institutional investors have recently made changes to their positions in PLUS. PNC Financial Services Group Inc. boosted its holdings in shares of ePlus by 34.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 500,868 shares of the software maker’s stock valued at $35,646,000 after acquiring an additional 128,721 shares in the last quarter. WCM Investment Management LLC acquired a new stake in shares of ePlus in the 4th quarter valued at approximately $2,046,000. Deutsche Bank AG raised its position in shares of ePlus by 69.5% in the 4th quarter. Deutsche Bank AG now owns 55,298 shares of the software maker’s stock valued at $3,934,000 after acquiring an additional 22,683 shares during the period. River Road Asset Management LLC bought a new stake in ePlus during the 4th quarter worth approximately $1,545,000. Finally, BlackRock Inc. increased its stake in ePlus by 1.0% during the 4th quarter. BlackRock Inc. now owns 1,953,108 shares of the software maker’s stock worth $139,003,000 after purchasing an additional 19,475 shares in the last quarter. 91.32% of the stock is currently owned by institutional investors.

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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