ePlus Inc. (PLUS) Receives $94.00 Average PT from Analysts

ePlus Inc. (NASDAQ:PLUS) has been given a consensus rating of “Hold” by the six analysts that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $94.00.

A number of brokerages have recently commented on PLUS. BidaskClub downgraded shares of ePlus from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 1st. ValuEngine raised shares of ePlus from a “strong sell” rating to a “sell” rating in a report on Wednesday, January 2nd. Finally, Zacks Investment Research raised shares of ePlus from a “sell” rating to a “hold” rating in a report on Wednesday, January 9th.

Shares of PLUS stock traded down $4.91 during mid-day trading on Thursday, reaching $86.13. The company’s stock had a trading volume of 59,051 shares, compared to its average volume of 65,761. ePlus has a 12-month low of $65.52 and a 12-month high of $107.25. The company has a current ratio of 1.70, a quick ratio of 1.56 and a debt-to-equity ratio of 0.02. The company has a market cap of $1.17 billion, a PE ratio of 18.06 and a beta of 1.30.

ePlus (NASDAQ:PLUS) last issued its earnings results on Wednesday, February 6th. The software maker reported $1.10 EPS for the quarter, beating the Zacks’ 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 for the quarter, compared to the consensus estimate of $340.40 million. Equities research analysts expect that ePlus will post 4.49 EPS for the current fiscal year.

In related news, Director Lawrence S. Herman sold 1,000 shares of the firm’s 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.72% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PLUS. PNC Financial Services Group Inc. grew its holdings in ePlus by 34.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 500,868 shares of the software maker’s stock valued at $35,646,000 after purchasing an additional 128,721 shares in the last quarter. Matarin Capital Management LLC acquired a new stake in ePlus during the 3rd quarter valued at $11,634,000. BlackRock Inc. grew its holdings in ePlus by 2.3% during the 3rd quarter. BlackRock Inc. now owns 1,933,633 shares of the software maker’s stock valued at $179,247,000 after purchasing an additional 43,211 shares in the last quarter. WCM Investment Management LLC acquired a new stake in ePlus during the 4th quarter valued at $2,046,000. Finally, River Road Asset Management LLC acquired a new stake in ePlus during the 4th quarter valued at $1,545,000. 92.55% of the stock is owned by institutional investors and hedge funds.

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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