ePlus’ (PLUS) “Hold” Rating Reiterated at Berenberg Bank

Berenberg Bank reaffirmed their hold rating on shares of ePlus (NASDAQ:PLUS) in a research report sent to investors on Tuesday, AnalystRatings.com reports. They currently have a $83.00 price target on the software maker’s stock.

Other equities research analysts have also recently issued reports about the stock. ValuEngine upgraded shares of ePlus from a strong sell rating to a sell rating in a research report on Thursday, August 8th. Sidoti upgraded shares of ePlus from a neutral rating to a buy rating in a research report on Monday, July 1st. BidaskClub upgraded shares of ePlus from a buy rating to a strong-buy rating in a research report on Friday, July 19th. Finally, Zacks Investment Research upgraded shares of ePlus from a sell rating to a hold rating and set a $82.00 price target for the company in a research report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and an average price target of $85.67.

PLUS stock traded up $0.98 during trading on Tuesday, reaching $77.50. 13,174 shares of the stock were exchanged, compared to its average volume of 108,256. The company has a current ratio of 1.54, a quick ratio of 1.39 and a debt-to-equity ratio of 0.02. The business has a 50 day moving average price of $74.10 and a 200-day moving average price of $82.32. ePlus has a 1 year low of $65.52 and a 1 year high of $104.43. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of 16.67 and a beta of 1.34.



ePlus (NASDAQ:PLUS) last issued its earnings results on Wednesday, August 7th. The software maker reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.12. ePlus had a net margin of 4.59% and a return on equity of 16.10%. The company had revenue of $381.37 million for the quarter, compared to the consensus estimate of $355.15 million. On average, research analysts anticipate that ePlus will post 4.3 EPS for the current year.

In other ePlus news, Director Lawrence S. Herman sold 600 shares of ePlus stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $71.25, for a total transaction of $42,750.00. Following the completion of the sale, the director now directly owns 10,149 shares in the company, valued at $723,116.25. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last quarter, insiders have sold 1,800 shares of company stock valued at $131,154. Company insiders own 2.59% of the company’s stock.

Several hedge funds have recently made changes to their positions in the stock. Mason Street Advisors LLC grew its holdings in shares of ePlus by 2.7% in the first quarter. Mason Street Advisors LLC now owns 4,371 shares of the software maker’s stock valued at $387,000 after purchasing an additional 115 shares in the last quarter. Zions Bancorporation N.A. grew its holdings in shares of ePlus by 7.0% in the second quarter. Zions Bancorporation N.A. now owns 2,308 shares of the software maker’s stock valued at $159,000 after purchasing an additional 150 shares in the last quarter. LPL Financial LLC grew its holdings in shares of ePlus by 4.6% in the second quarter. LPL Financial LLC now owns 3,394 shares of the software maker’s stock valued at $239,000 after purchasing an additional 150 shares in the last quarter. US Bancorp DE grew its holdings in shares of ePlus by 33.2% in the second quarter. US Bancorp DE now owns 754 shares of the software maker’s stock valued at $52,000 after purchasing an additional 188 shares in the last quarter. Finally, Piedmont Investment Advisors Inc. grew its holdings in shares of ePlus by 5.8% in the first quarter. Piedmont Investment Advisors Inc. now owns 3,479 shares of the software maker’s stock valued at $308,000 after purchasing an additional 192 shares in the last quarter. Hedge funds and other institutional investors own 93.29% of the company’s stock.

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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