ePlus (NASDAQ:PLUS) has been given a $98.00 target price by equities research analysts at Berenberg Bank in a report issued on Thursday, TipRanks reports. The firm presently has a “buy” rating on the software maker’s stock. Berenberg Bank’s price objective indicates a potential upside of 25.64% from the stock’s current price.
A number of other research analysts also recently commented on the stock. BidaskClub raised shares of ePlus from a “hold” rating to a “buy” rating in a research report on Tuesday, February 12th. ValuEngine raised shares of ePlus from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Finally, Zacks Investment Research downgraded shares of ePlus from a “hold” rating to a “sell” rating in a research report on Wednesday, February 13th. Four analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $99.50.
NASDAQ PLUS traded down $14.48 during trading on Thursday, reaching $78.00. 3,433 shares of the company’s stock traded hands, compared to its average volume of 59,760. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.56 and a current ratio of 1.70. The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of 18.48 and a beta of 1.29. ePlus has a 12-month low of $65.52 and a 12-month high of $107.25.
In other news, CFO Elaine D. Marion sold 2,661 shares of ePlus stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $95.12, for a total value of $253,114.32. Following the transaction, the chief financial officer now owns 64,006 shares of the company’s stock, valued at approximately $6,088,250.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Elaine D. Marion sold 1,566 shares of ePlus stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $95.00, for a total transaction of $148,770.00. Following the completion of the transaction, the chief financial officer now directly owns 62,440 shares in the company, valued at approximately $5,931,800. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,000 shares of company stock worth $1,311,665. Insiders own 2.72% of the company’s stock.
Several institutional investors have recently modified their holdings of PLUS. US Bancorp DE boosted its stake in ePlus by 1,186.4% in the 1st quarter. US Bancorp DE now owns 566 shares of the software maker’s stock worth $50,000 after purchasing an additional 522 shares in the last quarter. Quantamental Technologies LLC acquired a new stake in ePlus in the 1st quarter worth approximately $62,000. One Wealth Advisors LLC acquired a new stake in ePlus in the 1st quarter worth approximately $64,000. Zions Bancorporation N.A. acquired a new stake in ePlus in the 1st quarter worth approximately $191,000. Finally, Everence Capital Management Inc. acquired a new stake in ePlus in the 1st quarter worth approximately $202,000. 90.98% of the stock is currently owned by hedge funds and other 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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