ePlus (PLUS) Rating Increased to Hold at ValuEngine

ePlus (NASDAQ:PLUS) was upgraded by stock analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued on Monday, February 4th.

PLUS has been the subject of several other research reports. Sidoti assumed coverage on shares of ePlus in a research report on Monday, November 19th. They issued a “neutral” rating and a $86.00 price target for the company. Berenberg Bank assumed coverage on shares of ePlus in a research report on Friday, November 16th. They issued a “buy” rating and a $96.00 price target for the company. Zacks Investment Research raised shares of ePlus from a “sell” rating to a “hold” rating in a research report on Wednesday, November 14th. Finally, BidaskClub raised shares of ePlus from a “sell” rating to a “hold” rating in a research report on Wednesday, October 24th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $99.00.

NASDAQ PLUS opened at $89.92 on Monday. ePlus has a 12-month low of $65.52 and a 12-month high of $107.25. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.70 and a quick ratio of 1.56. The firm has a market capitalization of $1.25 billion, a P/E ratio of 21.31 and a beta of 1.26.

ePlus (NASDAQ:PLUS) last posted its quarterly earnings results on Wednesday, February 6th. The software maker reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.12. ePlus had a net margin of 4.14% and a return on equity of 16.64%. The business had revenue of $345.66 million during the quarter, compared to the consensus estimate of $340.40 million. On average, sell-side analysts expect that ePlus will post 4.49 earnings per share for the current year.

In other ePlus news, Director Lawrence S. Herman sold 1,000 shares of the firm’s stock in a transaction on Monday, February 11th. The stock was sold at an average price of $83.16, for a total transaction of $83,160.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.72% of the stock is currently owned by company insiders.

A number of large investors have recently modified their holdings of PLUS. Thrivent Financial for Lutherans raised its stake in shares of ePlus by 2.2% during the 4th quarter. Thrivent Financial for Lutherans now owns 9,780 shares of the software maker’s stock worth $696,000 after purchasing an additional 215 shares during the period. Victory Capital Management Inc. raised its stake in shares of ePlus by 4.1% during the 4th quarter. Victory Capital Management Inc. now owns 6,213 shares of the software maker’s stock worth $442,000 after purchasing an additional 243 shares during the period. Legal & General Group Plc raised its stake in shares of ePlus by 1.0% during the 4th quarter. Legal & General Group Plc now owns 29,468 shares of the software maker’s stock worth $2,088,000 after purchasing an additional 285 shares during the period. Texas Permanent School Fund raised its stake in shares of ePlus by 3.9% during the 4th quarter. Texas Permanent School Fund now owns 8,968 shares of the software maker’s stock worth $638,000 after purchasing an additional 335 shares during the period. Finally, Teachers Advisors LLC raised its stake in shares of ePlus by 1.9% during the 3rd quarter. Teachers Advisors LLC now owns 25,849 shares of the software maker’s stock worth $2,396,000 after purchasing an additional 479 shares during the period. Institutional investors and hedge funds own 92.76% 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.

Featured Article: Investing in Dividend Stocks

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for ePlus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ePlus and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply