ePlus (NASDAQ:PLUS) Upgraded to “Sell” at ValuEngine

ValuEngine upgraded shares of ePlus (NASDAQ:PLUS) from a strong sell rating to a sell rating in a research note published on Wednesday morning, ValuEngine reports.

A number of other equities research analysts also recently issued reports on the company. Berenberg Bank restated a hold rating and set a $83.00 price objective on shares of ePlus in a research report on Tuesday, August 13th. Zacks Investment Research upgraded ePlus from a sell rating to a hold rating in a research report on Thursday, September 26th. Sidoti upgraded ePlus from a neutral rating to a buy rating in a research report on Monday, July 1st. Finally, BidaskClub downgraded ePlus from a strong-buy rating to a buy rating in a research report on Friday, September 13th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company’s stock. ePlus presently has an average rating of Hold and an average target price of $85.67.

PLUS stock traded up $0.18 during midday trading on Wednesday, reaching $75.66. 39,252 shares of the company traded hands, compared to its average volume of 109,798. ePlus has a 52-week low of $65.52 and a 52-week high of $95.81. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.39 and a current ratio of 1.54. The business has a 50 day moving average of $79.40 and a 200-day moving average of $80.51. The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of 16.27 and a beta of 1.28.

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

In other news, Director Lawrence S. Herman sold 600 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $75.60, for a total transaction of $45,360.00. Following the transaction, the director now owns 9,549 shares of the company’s stock, valued at $721,904.40. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 2.59% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. 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 buying an additional 188 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in shares of ePlus by 357.8% during the second quarter. Tower Research Capital LLC TRC now owns 760 shares of the software maker’s stock valued at $52,000 after buying an additional 594 shares during the last quarter. Bank of Montreal Can grew its stake in shares of ePlus by 167.9% during the second quarter. Bank of Montreal Can now owns 1,784 shares of the software maker’s stock valued at $122,000 after buying an additional 1,118 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 buying an additional 150 shares during the last quarter. Finally, Paloma Partners Management Co bought a new position in shares of ePlus during the second quarter valued at approximately $207,000. 90.08% of the stock is currently owned by hedge funds and other institutional investors.

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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