ePlus Inc. (NASDAQ:PLUS) Director Lawrence S. Herman sold 500 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $74.47, for a total transaction of $37,235.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
ePlus Inc. (NASDAQ PLUS) opened at $78.20 on Wednesday. The company has a current ratio of 1.59, a quick ratio of 1.44 and a debt-to-equity ratio of 0.01. The company has a market cap of $1,060.09, a PE ratio of 19.34 and a beta of 1.18. ePlus Inc. has a 12-month low of $61.10 and a 12-month high of $97.75.
ePlus (NASDAQ:PLUS) last posted its earnings results on Wednesday, February 7th. The software maker reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.13. The business had revenue of $342.57 million for the quarter, compared to the consensus estimate of $344.25 million. ePlus had a net margin of 4.01% and a return on equity of 15.06%. equities research analysts expect that ePlus Inc. will post 4.08 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. American International Group Inc. increased its position in ePlus by 7.0% during the 3rd quarter. American International Group Inc. now owns 10,527 shares of the software maker’s stock valued at $973,000 after purchasing an additional 687 shares during the period. Teachers Advisors LLC increased its position in ePlus by 3.0% during the 4th quarter. Teachers Advisors LLC now owns 24,075 shares of the software maker’s stock valued at $1,810,000 after purchasing an additional 701 shares during the period. Teachers Retirement System of The State of Kentucky increased its position in ePlus by 3.4% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 25,467 shares of the software maker’s stock valued at $1,915,000 after purchasing an additional 831 shares during the period. Bowling Portfolio Management LLC increased its position in ePlus by 5.6% during the 4th quarter. Bowling Portfolio Management LLC now owns 15,921 shares of the software maker’s stock valued at $1,197,000 after purchasing an additional 851 shares during the period. Finally, New York State Common Retirement Fund increased its position in ePlus by 3.9% during the 3rd quarter. New York State Common Retirement Fund now owns 23,713 shares of the software maker’s stock valued at $2,192,000 after purchasing an additional 882 shares during the period. 89.98% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts have commented on the stock. BidaskClub downgraded shares of ePlus from a “hold” rating to a “sell” rating in a research report on Saturday, January 6th. Zacks Investment Research downgraded shares of ePlus from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 7th. Finally, Sidoti raised shares of ePlus from a “neutral” rating to a “buy” rating in a research report on Friday, February 9th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $78.00.
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ePlus Company Profile
ePlus inc. is a holding company. The Company is engaged in the business of selling, leasing, financing and managing information technology. It operates through two segments: technology and financing. The technology segment sells information technology (IT) hardware products, third-party software and maintenance contracts, its own and third-party professional and managed services, and its software.
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