Brokers have set a 1 year consensus target price of $68.00 for the company and are anticipating that the company will post $0.80 EPS for the current quarter, according to Zacks. Zacks has also assigned ePlus inc. an industry rank of 112 out of 265 based on the ratings given to related companies.
ePlus inc. (NASDAQ:PLUS) has earned an average broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation and one has given a strong buy recommendation to the company. ePlus inc.’s rating score has declined by 19.8% from three months ago as a result of a number of analysts’ ratings changes.
PLUS has been the subject of a number of analyst reports. ValuEngine raised ePlus inc. from a “hold” rating to a “buy” rating in a report on Tuesday, June 13th. Zacks Investment Research raised ePlus inc. from a “hold” rating to a “buy” rating and set a $76.00 price target for the company in a report on Saturday, April 22nd.
In other news, Director Eric D. Hovde sold 3,389 shares of ePlus inc. stock in a transaction on Friday, June 9th. The stock was sold at an average price of $80.30, for a total value of $272,136.70. Following the completion of the sale, the director now owns 68,703 shares of the company’s stock, valued at $5,516,850.90. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Phillip G. Norton sold 20,880 shares of ePlus inc. stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $79.04, for a total value of $1,650,355.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 65,103 shares of company stock valued at $5,136,851. Company insiders own 8.20% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Comerica Bank increased its stake in shares of ePlus inc. by 5.6% in the fourth quarter. Comerica Bank now owns 7,004 shares of the software maker’s stock worth $795,000 after buying an additional 371 shares in the last quarter. State Street Corp increased its stake in shares of ePlus inc. by 12.5% in the fourth quarter. State Street Corp now owns 140,301 shares of the software maker’s stock worth $16,167,000 after buying an additional 15,536 shares in the last quarter. FMR LLC increased its stake in shares of ePlus inc. by 189.5% in the fourth quarter. FMR LLC now owns 207,718 shares of the software maker’s stock worth $23,929,000 after buying an additional 135,964 shares in the last quarter. New York State Teachers Retirement System increased its stake in shares of ePlus inc. by 2.6% in the fourth quarter. New York State Teachers Retirement System now owns 3,948 shares of the software maker’s stock worth $455,000 after buying an additional 100 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its stake in shares of ePlus inc. by 6.0% in the fourth quarter. Thrivent Financial for Lutherans now owns 3,550 shares of the software maker’s stock worth $409,000 after buying an additional 200 shares in the last quarter. 48.11% of the stock is owned by institutional investors and hedge funds.
Shares of ePlus inc. (NASDAQ:PLUS) opened at 79.75 on Tuesday. ePlus inc. has a one year low of $39.88 and a one year high of $81.30. The stock has a market capitalization of $1.13 billion, a PE ratio of 22.15 and a beta of 1.40. The firm has a 50-day moving average price of $76.12 and a 200 day moving average price of $94.67.
About ePlus inc.
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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