Shares of ePlus Inc. (NASDAQ:PLUS) have earned a consensus broker rating score of 1.67 (Buy) from the three brokers that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation and two have assigned a strong buy recommendation to the company.
Brokers have set a one year consensus price target of $56.50 for the company and are predicting that the company will post $0.79 EPS for the current quarter, according to Zacks. Zacks has also given ePlus an industry rank of 106 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research downgraded ePlus from a “buy” rating to a “hold” rating in a research note on Wednesday, February 8th.
ePlus (NASDAQ:PLUS) traded down 0.41% on Tuesday, hitting $73.25. The stock had a trading volume of 108,354 shares. The company has a 50 day moving average price of $71.36 and a 200-day moving average price of $105.46. The company has a market cap of $1.04 billion, a price-to-earnings ratio of 20.81 and a beta of 1.19. ePlus has a 52-week low of $63.76 and a 52-week high of $141.00.
In other news, CFO Elaine D. Marion sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 25th. The stock was sold at an average price of $70.92, for a total value of $354,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.20% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Elkfork Partners LLC raised its position in shares of ePlus by 160.0% in the first quarter. Elkfork Partners LLC now owns 884 shares of the software maker’s stock valued at $119,000 after buying an additional 544 shares during the last quarter. Palo Capital Inc. acquired a new position in shares of ePlus during the first quarter valued at $203,000. Mason Street Advisors LLC raised its position in shares of ePlus by 7.0% in the first quarter. Mason Street Advisors LLC now owns 1,540 shares of the software maker’s stock valued at $208,000 after buying an additional 101 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of ePlus by 15.2% in the first quarter. Victory Capital Management Inc. now owns 1,649 shares of the software maker’s stock valued at $223,000 after buying an additional 218 shares during the last quarter. Finally, KCG Holdings Inc. acquired a new position in shares of ePlus during the first quarter valued at $228,000. Institutional investors own 85.77% of the company’s stock.
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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