ePlus (NASDAQ:PLUS) Downgraded by BidaskClub

BidaskClub lowered shares of ePlus (NASDAQ:PLUS) from a buy rating to a hold rating in a report issued on Monday, BidAskClub reports.

Several other equities research analysts have also recently weighed in on PLUS. Zacks Investment Research raised ePlus from a sell rating to a hold rating in a research note on Wednesday, April 10th. Berenberg Bank set a $98.00 price target on ePlus and gave the stock a buy rating in a research note on Thursday, May 23rd. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $99.50.

Shares of PLUS stock opened at $67.70 on Monday. The stock has a market capitalization of $919.51 million, a PE ratio of 14.56 and a beta of 1.46. The business has a fifty day moving average price of $77.03. ePlus has a twelve month low of $65.52 and a twelve month high of $107.25. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.55 and a current ratio of 1.70.

ePlus (NASDAQ:PLUS) last issued its quarterly earnings results on Wednesday, May 22nd. The software maker reported $1.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.18. The company had revenue of $325.43 million for the quarter, compared to analysts’ expectations of $357.65 million. ePlus had a return on equity of 16.81% and a net margin of 4.60%. As a group, equities research analysts predict that ePlus will post 4.24 earnings per share for the current year.

In related news, CFO Elaine D. Marion sold 1,566 shares of the company’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $95.00, for a total value of $148,770.00. Following the sale, the chief financial officer now directly owns 62,440 shares of the company’s stock, valued at $5,931,800. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Elaine D. Marion sold 2,661 shares of the business’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $95.12, for a total value of $253,114.32. Following the completion of the sale, the chief financial officer now directly owns 64,006 shares in the company, valued at $6,088,250.72. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,600 shares of company stock worth $1,354,709. 2.72% of the stock is owned by insiders.

Institutional investors have recently added to or reduced their stakes in the business. Quantamental Technologies LLC bought a new stake in ePlus in the first quarter worth $62,000. Zions Bancorporation N.A. bought a new stake in ePlus in the first quarter worth $191,000. Everence Capital Management Inc. bought a new stake in ePlus in the first quarter worth $202,000. BNP Paribas Arbitrage SA boosted its holdings in ePlus by 1,348.7% in the first quarter. BNP Paribas Arbitrage SA now owns 2,796 shares of the software maker’s stock worth $248,000 after acquiring an additional 2,603 shares in the last quarter. Finally, Van Hulzen Asset Management LLC bought a new stake in ePlus in the first quarter worth $255,000. 91.39% of the stock is currently owned by institutional investors and hedge funds.

ePlus Company Profile

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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