ePlus (PLUS) Raised to Buy at Sidoti

ePlus (NASDAQ:PLUS) was upgraded by analysts at Sidoti from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Friday, The Fly reports.

PLUS has been the subject of a number of other reports. Zacks Investment Research lowered shares of ePlus from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 7th. BidaskClub upgraded shares of ePlus from a “sell” rating to a “hold” rating in a research note on Tuesday, January 16th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $75.00 target price on shares of ePlus in a research note on Tuesday, October 17th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $84.50.

Shares of ePlus (NASDAQ:PLUS) traded up $4.75 on Friday, reaching $74.45. 46,978 shares of the company’s stock were exchanged, compared to its average volume of 89,161. The stock has a market cap of $1,077.03, a price-to-earnings ratio of 18.33 and a beta of 1.18. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.50 and a current ratio of 1.65. ePlus has a 1-year low of $60.03 and a 1-year high of $97.75.

ePlus (NASDAQ:PLUS) last announced its earnings results on Wednesday, February 7th. The software maker reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.13. The business had revenue of $342.57 million during the quarter, compared to analyst estimates of $344.25 million. ePlus had a net margin of 4.01% and a return on equity of 15.31%. research analysts expect that ePlus will post 4 earnings per share for the current fiscal year.

In other news, Director John E. Callies sold 1,200 shares of the business’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $80.35, for a total transaction of $96,420.00. Following the completion of the sale, the director now owns 11,154 shares of the company’s stock, valued at approximately $896,223.90. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Elaine D. Marion sold 3,000 shares of the business’s stock in a transaction on Friday, January 19th. The shares were sold at an average price of $80.45, for a total transaction of $241,350.00. Following the sale, the chief financial officer now directly owns 74,568 shares of the company’s stock, valued at approximately $5,998,995.60. The disclosure for this sale can be found here. Insiders own 3.25% of the company’s stock.

Hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. grew its position in shares of ePlus by 5.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 96,494 shares of the software maker’s stock valued at $8,978,000 after acquiring an additional 4,994 shares during the period. Atlanta Capital Management Co. L L C bought a new stake in shares of ePlus during the 3rd quarter valued at $10,529,000. TIAA CREF Investment Management LLC grew its position in shares of ePlus by 106.7% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 35,159 shares of the software maker’s stock valued at $2,605,000 after acquiring an additional 18,152 shares during the period. New York State Common Retirement Fund boosted its holdings in ePlus by 3.9% in the 3rd quarter. New York State Common Retirement Fund now owns 23,713 shares of the software maker’s stock worth $2,192,000 after buying an additional 882 shares during the period. Finally, Chicago Equity Partners LLC boosted its holdings in ePlus by 5.6% in the 3rd quarter. Chicago Equity Partners LLC now owns 106,655 shares of the software maker’s stock worth $9,860,000 after buying an additional 5,640 shares during the period. 88.93% of the stock is owned by hedge funds and other institutional investors.

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About ePlus

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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