ePlus (PLUS) Upgraded at BidaskClub

BidaskClub upgraded shares of ePlus (NASDAQ:PLUS) from a buy rating to a strong-buy rating in a report issued on Saturday, BidAskClub reports.

PLUS has been the topic of a number of other research reports. Zacks Investment Research raised shares of ePlus from a sell rating to a hold rating in a research note on Wednesday, April 10th. ValuEngine raised shares of ePlus from a sell rating to a hold rating in a research note on Monday, February 4th. Four investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of $99.00.

ePlus stock opened at $92.64 on Friday. ePlus has a 1 year low of $65.52 and a 1 year high of $107.25. The firm has a market capitalization of $1.26 billion, a P/E ratio of 21.95 and a beta of 1.29. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.56 and a current ratio of 1.70.

ePlus (NASDAQ:PLUS) last released its quarterly earnings results on Wednesday, February 6th. The software maker reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.12. ePlus had a net margin of 4.14% and a return on equity of 16.64%. The firm had revenue of $345.66 million for the quarter, compared to analysts’ expectations of $340.40 million. As a group, analysts forecast that ePlus will post 4.49 EPS for the current year.

In other ePlus news, Director Lawrence S. Herman sold 1,000 shares of ePlus stock in a transaction on Monday, February 11th. The shares were 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 accessible through the SEC website. Also, CFO Elaine D. Marion sold 5,000 shares of ePlus stock in a transaction on Friday, April 5th. The stock was sold at an average price of $91.25, for a total transaction of $456,250.00. Following the sale, the chief financial officer now directly owns 66,967 shares in the company, valued at approximately $6,110,738.75. The disclosure for this sale can be found here. 2.72% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Campbell Newman Asset Management Inc. boosted its stake in ePlus by 2.5% during the 1st quarter. Campbell Newman Asset Management Inc. now owns 7,864 shares of the software maker’s stock worth $696,000 after purchasing an additional 189 shares during the last quarter. Thrivent Financial for Lutherans boosted its position 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 valued at $696,000 after acquiring an additional 215 shares during the last quarter. Victory Capital Management Inc. boosted its position 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 valued at $442,000 after acquiring an additional 243 shares during the last quarter. Legal & General Group Plc boosted its position 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 valued at $2,088,000 after acquiring an additional 285 shares during the last quarter. Finally, Texas Permanent School Fund boosted its position 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 valued at $638,000 after acquiring an additional 335 shares during the last quarter. 92.55% of the stock is currently owned by institutional investors.

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.

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