ePlus (NASDAQ:PLUS) Downgraded by ValuEngine to Strong Sell

ValuEngine cut shares of ePlus (NASDAQ:PLUS) from a sell rating to a strong sell rating in a research report released on Friday morning, ValuEngine reports.

Several other brokerages have also recently weighed in on PLUS. Berenberg Bank reaffirmed a hold rating and set a $83.00 price objective on shares of ePlus in a research note on Tuesday, August 13th. BidaskClub cut shares of ePlus from a strong-buy rating to a buy rating in a research note on Friday, September 13th. Zacks Investment Research cut shares of ePlus from a hold rating to a sell rating in a research note on Thursday, September 19th. Finally, Sidoti raised shares of ePlus from a neutral rating to a buy rating in a research note on Monday, July 1st. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $85.67.

Shares of ePlus stock opened at $78.56 on Friday. 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 stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of 16.89 and a beta of 1.30. ePlus has a 1-year low of $65.52 and a 1-year high of $100.00. The firm’s 50-day moving average price is $79.76 and its two-hundred day moving average price is $81.19.



ePlus (NASDAQ:PLUS) last issued its quarterly earnings data on Wednesday, August 7th. The software maker reported $1.20 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.12. The firm had revenue of $381.37 million for the quarter, compared to analysts’ expectations of $355.15 million. ePlus had a net margin of 4.59% and a return on equity of 16.10%. As a group, equities research analysts predict that ePlus will post 4.18 EPS for the current year.

In other news, Director Lawrence S. Herman sold 600 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $75.60, for a total transaction of $45,360.00. Following the sale, the director now directly owns 9,549 shares of the company’s stock, valued at $721,904.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.59% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mason Street Advisors LLC grew its stake in shares of ePlus by 2.7% during 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 during the last quarter. Zions Bancorporation N.A. grew its stake in shares of ePlus by 7.0% during 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 during the last quarter. LPL Financial LLC grew its stake in shares of ePlus by 4.6% during 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 during the last quarter. US Bancorp DE grew its stake in shares of ePlus by 33.2% during 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 during the last quarter. Finally, Piedmont Investment Advisors Inc. grew its stake in shares of ePlus by 5.8% during 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 during the last quarter. 90.08% of the stock is currently 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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