ePlus Inc. (NASDAQ:PLUS) Director Lawrence S. Herman sold 500 shares of the firm’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $74.47, for a total value of $37,235.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Shares of ePlus Inc. (NASDAQ PLUS) opened at $79.55 on Thursday. ePlus Inc. has a 12-month low of $62.25 and a 12-month high of $97.75. The stock has a market capitalization of $1,090.78, a price-to-earnings ratio of 19.90 and a beta of 1.18. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.44 and a current ratio of 1.59.
ePlus (NASDAQ:PLUS) last announced its earnings results on Wednesday, February 7th. The software maker reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.13. ePlus had a return on equity of 15.06% and a net margin of 4.01%. The firm had revenue of $342.57 million during the quarter, compared to analyst estimates of $344.25 million. sell-side analysts predict that ePlus Inc. will post 4.08 earnings per share for the current year.
Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. increased its position in shares of ePlus by 2.7% during the 4th quarter. BlackRock Inc. now owns 1,726,060 shares of the software maker’s stock valued at $129,800,000 after purchasing an additional 45,711 shares during the last quarter. Vanguard Group Inc. increased its position in shares of ePlus by 101.5% during the 2nd quarter. Vanguard Group Inc. now owns 919,169 shares of the software maker’s stock valued at $68,110,000 after purchasing an additional 462,907 shares during the last quarter. State Street Corp increased its position in shares of ePlus by 113.9% during the 2nd quarter. State Street Corp now owns 325,711 shares of the software maker’s stock valued at $24,135,000 after purchasing an additional 173,422 shares during the last quarter. Atlanta Capital Management Co. L L C increased its position in shares of ePlus by 117.3% during the 4th quarter. Atlanta Capital Management Co. L L C now owns 247,459 shares of the software maker’s stock valued at $18,609,000 after purchasing an additional 133,575 shares during the last quarter. Finally, Northern Trust Corp increased its position in shares of ePlus by 74.0% during the 2nd quarter. Northern Trust Corp now owns 230,408 shares of the software maker’s stock valued at $17,073,000 after purchasing an additional 97,991 shares during the last quarter. 89.98% of the stock is owned by hedge funds and other institutional investors.
Several brokerages have weighed in on PLUS. BidaskClub cut ePlus from a “hold” rating to a “sell” rating in a research note on Saturday, January 6th. Zacks Investment Research cut ePlus from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 7th. Finally, Sidoti raised ePlus from a “neutral” rating to a “buy” rating in a research report on Friday, February 9th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $78.00.
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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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