ePlus (NASDAQ:PLUS) Stock Rating Upgraded by BidaskClub

BidaskClub upgraded shares of ePlus (NASDAQ:PLUS) from a buy rating to a strong-buy rating in a research report sent to investors on Friday morning, BidAskClub reports.

Several other brokerages have also weighed in on PLUS. Berenberg Bank reissued a hold rating and set a GBX 300 ($3.92) target price on shares of Forterra in a research report on Wednesday, May 29th. Sidoti raised ePlus from a neutral rating to a buy rating in a research report on Monday, July 1st. ValuEngine lowered Zumiez from a hold rating to a sell rating in a research report on Tuesday, July 2nd. Finally, Zacks Investment Research raised Icon from a hold rating to a buy rating and set a $157.00 target price on the stock in a research report on Thursday, May 30th. Two analysts have rated the stock with a sell rating, two have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $99.50.

Shares of NASDAQ PLUS opened at $73.56 on Friday. The company has a quick ratio of 1.55, a current ratio of 1.70 and a debt-to-equity ratio of 0.02. ePlus has a fifty-two week low of $65.52 and a fifty-two week high of $107.25. The firm has a market cap of $995.18 million, a price-to-earnings ratio of 15.82 and a beta of 1.35. The stock’s 50-day simple moving average is $71.52.

ePlus (NASDAQ:PLUS) last issued its earnings results on Wednesday, May 22nd. The software maker reported $1.12 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.18. ePlus had a return on equity of 16.81% and a net margin of 4.60%. The business had revenue of $325.43 million for the quarter, compared to analyst estimates of $357.65 million. On average, sell-side analysts forecast that ePlus will post 4.24 earnings per share for the current year.

In other ePlus news, Director Lawrence S. Herman sold 600 shares of ePlus stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $71.25, for a total transaction of $42,750.00. Following the transaction, the director now owns 10,149 shares of the company’s stock, valued at $723,116.25. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Elaine D. Marion sold 1,566 shares of ePlus stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $95.00, for a total value of $148,770.00. Following the transaction, the chief financial officer now directly owns 62,440 shares in the company, valued at approximately $5,931,800. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 10,200 shares of company stock worth $941,209. 2.72% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quantamental Technologies LLC acquired a new position in shares of ePlus in the first quarter valued at approximately $62,000. Zions Bancorporation N.A. increased 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 during the period. Everence Capital Management Inc. acquired a new position in shares of ePlus in the first quarter valued at approximately $202,000. BNP Paribas Arbitrage SA increased its holdings in shares of ePlus by 1,348.7% in the first quarter. BNP Paribas Arbitrage SA now owns 2,796 shares of the software maker’s stock valued at $248,000 after purchasing an additional 2,603 shares during the period. Finally, Van Hulzen Asset Management LLC acquired a new position in shares of ePlus in the first quarter valued at approximately $255,000. 92.09% of the stock is currently owned by 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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