ePlus (NASDAQ:PLUS) Given “Hold” Rating at Berenberg Bank

ePlus (NASDAQ:PLUS)‘s stock had its “hold” rating restated by equities researchers at Berenberg Bank in a research note issued to investors on Tuesday, AnalystRatings.com reports. They currently have a $91.00 price target on the software maker’s stock. Berenberg Bank’s target price would indicate a potential upside of 1.12% from the company’s previous close.

A number of other equities research analysts also recently issued reports on the stock. Zacks Investment Research upgraded shares of ePlus from a “sell” rating to a “hold” rating in a research report on Tuesday, October 29th. Liberum Capital reiterated a “buy” rating on shares of ePlus in a research report on Tuesday, October 29th. BidaskClub downgraded shares of ePlus from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 13th. Peel Hunt reiterated a “reduce” rating on shares of ePlus in a research report on Tuesday, October 29th. Finally, ValuEngine downgraded shares of ePlus from a “sell” rating to a “strong sell” rating in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $100.00.

Shares of PLUS stock traded up $1.03 during midday trading on Tuesday, reaching $89.99. 1,547 shares of the company traded hands, compared to its average volume of 76,957. The firm’s 50 day simple moving average is $77.85 and its two-hundred day simple moving average is $78.30. ePlus has a 1-year low of $65.52 and a 1-year high of $99.63. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.52 and a quick ratio of 1.39. The firm has a market cap of $1.25 billion, a PE ratio of 19.35 and a beta of 1.26.

ePlus (NASDAQ:PLUS) last posted its quarterly earnings results on Wednesday, November 6th. The software maker reported $1.81 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.79. ePlus had a net margin of 4.52% and a return on equity of 15.47%. The company had revenue of $411.57 million during the quarter, compared to the consensus estimate of $364.35 million. As a group, research analysts anticipate that ePlus will post 4.18 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. increased its stake in shares of ePlus by 1.0% during the 2nd quarter. BlackRock Inc. now owns 1,976,757 shares of the software maker’s stock worth $136,276,000 after purchasing an additional 19,732 shares in the last quarter. Fiduciary Management Inc. WI increased its stake in shares of ePlus by 9.3% during the 2nd quarter. Fiduciary Management Inc. WI now owns 873,721 shares of the software maker’s stock worth $60,234,000 after purchasing an additional 74,020 shares in the last quarter. Northern Trust Corp increased its stake in shares of ePlus by 6.6% during the 2nd quarter. Northern Trust Corp now owns 293,845 shares of the software maker’s stock worth $20,257,000 after purchasing an additional 18,284 shares in the last quarter. Cortina Asset Management LLC increased its stake in shares of ePlus by 30.0% during the 2nd quarter. Cortina Asset Management LLC now owns 241,442 shares of the software maker’s stock worth $16,645,000 after purchasing an additional 55,689 shares in the last quarter. Finally, WCM Investment Management LLC increased its stake in shares of ePlus by 42.2% during the 3rd quarter. WCM Investment Management LLC now owns 199,439 shares of the software maker’s stock worth $15,175,000 after purchasing an additional 59,178 shares in the last quarter. 90.36% of the stock is 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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