According to Zacks, “ePlus inc. is a leading provider of technology solutions. ePlus enables organizations to optimize their IT infrastructure and supply chain processes by delivering world-class IT products from top manufacturers, professional services, flexible lease financing, proprietary software, and patented business methods. With the highest certifications from top technology partners and expertise in key technologies from data center to security, cloud, and collaboration, ePlus transforms IT from a cost center to a business enabler. “
Several other equities analysts have also recently commented on PLUS. ValuEngine upgraded shares of ePlus from a strong sell rating to a sell rating in a research report on Thursday, August 8th. Berenberg Bank restated a hold rating and issued a $83.00 target price on shares of ePlus in a research report on Tuesday, August 13th. BidaskClub upgraded shares of ePlus from a buy rating to a strong-buy rating in a research report on Friday, July 19th. Finally, Sidoti upgraded shares of ePlus from a neutral rating to a buy rating in a research report on Monday, July 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $85.67.
Shares of NASDAQ:PLUS traded down $2.60 during midday trading on Thursday, hitting $78.93. The stock had a trading volume of 89,467 shares, compared to its average volume of 118,714. The company’s 50-day moving average price is $79.00 and its 200-day moving average price is $81.83. The company has a market capitalization of $1.09 billion, a P/E ratio of 16.97 and a beta of 1.30. The company has a quick ratio of 1.39, a current ratio of 1.54 and a debt-to-equity ratio of 0.02. ePlus has a fifty-two week low of $65.52 and a fifty-two week high of $103.05.
ePlus (NASDAQ:PLUS) last issued its earnings results on Wednesday, August 7th. The software maker reported $1.20 EPS for the quarter, beating the consensus estimate of $1.08 by $0.12. The company had revenue of $381.37 million during the quarter, compared to analysts’ expectations of $355.15 million. ePlus had a net margin of 4.59% and a return on equity of 16.10%. Research analysts expect that ePlus will post 4.18 EPS for the current fiscal year.
In related news, Director Lawrence S. Herman sold 600 shares of ePlus stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $75.60, for a total transaction of $45,360.00. Following the sale, the director now directly owns 9,549 shares of the company’s stock, valued at approximately $721,904.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.59% of the company’s stock.
Several institutional investors have recently made changes to their positions in PLUS. WCM Investment Management LLC grew its holdings in shares of ePlus by 177.1% during the 2nd quarter. WCM Investment Management LLC now owns 140,261 shares of the software maker’s stock valued at $9,670,000 after purchasing an additional 89,643 shares during the last quarter. Fiduciary Management Inc. WI grew its holdings in shares of ePlus by 9.3% during the 2nd quarter. Fiduciary Management Inc. WI now owns 873,721 shares of the software maker’s stock valued at $60,234,000 after purchasing an additional 74,020 shares during the last quarter. Cortina Asset Management LLC grew its holdings in shares of ePlus by 30.0% during the 2nd quarter. Cortina Asset Management LLC now owns 241,442 shares of the software maker’s stock valued at $16,645,000 after purchasing an additional 55,689 shares during the last quarter. Nuveen Asset Management LLC bought a new stake in shares of ePlus during the 2nd quarter valued at approximately $3,656,000. Finally, Wells Fargo & Company MN grew its holdings in shares of ePlus by 49.4% during the 2nd quarter. Wells Fargo & Company MN now owns 108,340 shares of the software maker’s stock valued at $7,469,000 after purchasing an additional 35,801 shares during the last quarter. 90.27% of the stock is currently owned by institutional investors.
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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