ePlus Inc. (NASDAQ:PLUS) – William Blair cut their Q1 2020 earnings per share (EPS) estimates for shares of ePlus in a research note issued to investors on Tuesday, October 9th. William Blair analyst M. Nolan now forecasts that the software maker will post earnings per share of $1.47 for the quarter, down from their previous estimate of $1.49.
PLUS has been the subject of a number of other research reports. Stifel Nicolaus reaffirmed a “hold” rating and set a $95.00 price objective on shares of ePlus in a research note on Monday, July 23rd. BidaskClub raised shares of ePlus from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 8th. Zacks Investment Research raised shares of ePlus from a “hold” rating to a “buy” rating and set a $114.00 price objective for the company in a research note on Wednesday, July 25th. Finally, ValuEngine downgraded shares of ePlus from a “hold” rating to a “sell” rating in a research note on Wednesday, September 19th. Three research analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. The company presently has a consensus rating of “Sell” and an average target price of $107.00.
NASDAQ PLUS opened at $85.37 on Thursday. ePlus has a 12 month low of $67.65 and a 12 month high of $107.25. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.65 and a quick ratio of 1.50. The stock has a market cap of $1.27 billion, a PE ratio of 20.21 and a beta of 1.19.
ePlus (NASDAQ:PLUS) last posted its quarterly earnings data on Wednesday, August 8th. The software maker reported $1.28 EPS for the quarter, beating the Zacks’ consensus estimate of $1.17 by $0.11. ePlus had a net margin of 4.07% and a return on equity of 16.05%. The company had revenue of $356.53 million during the quarter, compared to the consensus estimate of $346.55 million.
In other news, Director Eric D. Hovde sold 7,500 shares of the business’s stock in a transaction dated Monday, August 27th. The stock was sold at an average price of $101.87, for a total transaction of $764,025.00. Following the completion of the sale, the director now owns 29,019 shares in the company, valued at approximately $2,956,165.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Mark P. Marron sold 20,000 shares of the business’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 sale, 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. Company insiders own 2.72% of the company’s stock.
Several large investors have recently modified their holdings of PLUS. BlackRock Inc. grew its holdings in shares of ePlus by 9.0% during the 2nd quarter. BlackRock Inc. now owns 1,890,422 shares of the software maker’s stock worth $177,888,000 after purchasing an additional 155,908 shares during the period. New Amsterdam Partners LLC NY purchased a new stake in shares of ePlus during the 2nd quarter worth about $6,176,000. TD Asset Management Inc. purchased a new stake in shares of ePlus during the 2nd quarter worth about $2,992,000. Wells Fargo & Company MN grew its holdings in shares of ePlus by 47.0% during the 2nd quarter. Wells Fargo & Company MN now owns 84,416 shares of the software maker’s stock worth $7,943,000 after purchasing an additional 26,986 shares during the period. Finally, Royal Bank of Canada grew its holdings in shares of ePlus by 5.4% during the 1st quarter. Royal Bank of Canada now owns 408,597 shares of the software maker’s stock worth $31,747,000 after purchasing an additional 21,029 shares during the period. Institutional investors and hedge funds own 91.87% 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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