ePlus (PLUS) Raised to Buy at Sidoti

ePlus (NASDAQ:PLUS) was upgraded by equities researchers at Sidoti from a “neutral” rating to a “buy” rating in a report issued on Friday, The Fly reports.

PLUS has been the topic of several other reports. Zacks Investment Research downgraded ePlus from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 7th. BidaskClub upgraded ePlus from a “sell” rating to a “hold” rating in a research report on Tuesday, January 16th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $75.00 target price on shares of ePlus in a research report on Tuesday, October 17th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $84.50.

ePlus (NASDAQ PLUS) traded up $4.75 during midday trading on Friday, reaching $74.45. The company had a trading volume of 46,978 shares, compared to its average volume of 89,161. The stock has a market capitalization of $1,077.03, a P/E ratio of 18.33 and a beta of 1.18. The company has a quick ratio of 1.50, a current ratio of 1.65 and a debt-to-equity ratio of 0.01. ePlus has a 12 month low of $60.03 and a 12 month high of $97.75.

ePlus (NASDAQ:PLUS) last released its earnings results on Wednesday, February 7th. The software maker reported $0.97 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $0.13. The company had revenue of $342.57 million for the quarter, compared to the consensus estimate of $344.25 million. ePlus had a return on equity of 15.31% and a net margin of 4.01%. sell-side analysts anticipate that ePlus will post 4 earnings per share for the current fiscal year.

In other news, Director John E. Callies sold 1,200 shares of the business’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $80.35, for a total value of $96,420.00. Following the transaction, the director now directly owns 11,154 shares in the company, valued at $896,223.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Elaine D. Marion sold 3,000 shares of the business’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $80.45, for a total value of $241,350.00. Following the completion of the transaction, the chief financial officer now owns 74,568 shares in the company, valued at $5,998,995.60. The disclosure for this sale can be found here. 3.25% of the stock is owned by insiders.

Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. lifted its position in shares of ePlus by 96.1% in the second quarter. BlackRock Inc. now owns 1,554,745 shares of the software maker’s stock valued at $115,207,000 after acquiring an additional 761,763 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of ePlus by 96.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,173,675 shares of the software maker’s stock valued at $86,970,000 after acquiring an additional 576,536 shares in the last quarter. Fiduciary Management Inc. WI lifted its position in shares of ePlus by 102.6% in the second quarter. Fiduciary Management Inc. WI now owns 1,063,046 shares of the software maker’s stock valued at $78,772,000 after acquiring an additional 538,286 shares in the last quarter. FMR LLC lifted its position in shares of ePlus by 171.3% in the second quarter. FMR LLC now owns 959,478 shares of the software maker’s stock valued at $71,097,000 after acquiring an additional 605,842 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of ePlus by 101.5% in the second quarter. Vanguard Group Inc. now owns 919,169 shares of the software maker’s stock valued at $68,110,000 after acquiring an additional 462,907 shares in the last quarter. Institutional investors and hedge funds own 88.93% of the company’s stock.

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ePlus Company Profile

ePlus inc. is a holding company. The Company is engaged in the business of selling, leasing, financing and managing information technology. It operates through two segments: technology and financing. The technology segment sells information technology (IT) hardware products, third-party software and maintenance contracts, its own and third-party professional and managed services, and its software.

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