News headlines about ePlus inc. (NASDAQ:PLUS) have trended somewhat positive on Wednesday, Accern Sentiment reports. Accern ranks the sentiment of press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. ePlus inc. earned a news impact score of 0.11 on Accern’s scale. Accern also assigned news stories about the software maker an impact score of 45.6992096158758 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the media headlines that may have effected Accern’s scoring:
- Chief Executive Officer of ePlus inc (NASDAQ:PLUS), Marron Mark P, sells 10,000 shares worth $934,016 (empowerednews.net)
- Secdo and ePlus Partner on Automated Endpoint Security (toptechnews.com)
- ePlus inc. (PLUS) CFO Elaine D. Marion Sells 3,000 Shares (americanbankingnews.com)
- ePlus inc. (PLUS) CEO Sells $934,000.00 in Stock (americanbankingnews.com)
A number of research firms have recently weighed in on PLUS. Zacks Investment Research downgraded shares of ePlus inc. from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. BidaskClub downgraded shares of ePlus inc. from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 9th. ValuEngine downgraded shares of ePlus inc. from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, Stifel Nicolaus restated a “hold” rating and issued a $75.00 target price on shares of ePlus inc. in a report on Thursday, August 3rd. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $45.80.
ePlus inc. (PLUS) traded up 0.62% during mid-day trading on Wednesday, hitting $96.65. 57,116 shares of the stock were exchanged. The stock has a market cap of $1.37 billion, a PE ratio of 25.35 and a beta of 1.40. The stock’s 50 day moving average is $86.00 and its 200 day moving average is $80.03. ePlus inc. has a 52-week low of $44.20 and a 52-week high of $96.90.
ePlus inc. declared that its board has authorized a stock buyback program on Friday, August 18th that allows the company to repurchase 500,000 outstanding shares. This repurchase authorization allows the software maker to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.
In other ePlus inc. news, Director Bruce M. Bowen sold 400 shares of ePlus inc. stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $82.57, for a total transaction of $33,028.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Mark P. Marron sold 10,000 shares of ePlus inc. stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $93.40, for a total transaction of $934,000.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 29,214 shares of company stock worth $2,580,002. Insiders own 3.25% of the company’s stock.
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ePlus inc. 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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