Shares of ePlus Inc. (NASDAQ:PLUS) have earned an average broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company. ePlus’ rating score has declined by 100% in the last 90 days as a result of a number of analysts’ ratings changes.
Zacks has also given ePlus an industry rank of 13 out of 265 based on the ratings given to related companies.
In related news, CEO Phillip G. Norton sold 10,760 shares of the firm’s stock in a transaction dated Tuesday, October 6th. The shares were sold at an average price of $81.91, for a total value of $881,351.60. Following the transaction, the chief executive officer now owns 49,975 shares of the company’s stock, valued at approximately $4,093,452.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Phillip G. Norton sold 57,750 shares of the firm’s stock in a transaction dated Wednesday, October 7th. The stock was sold at an average price of $82.05, for a total transaction of $4,738,387.50. Following the completion of the transaction, the chief executive officer now directly owns 49,975 shares in the company, valued at approximately $4,100,448.75. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in ePlus stock. Palo Capital raised its position in shares of ePlus Inc. (NASDAQ:PLUS) by 25.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 21,412 shares of the company’s stock after buying an additional 4,335 shares during the period. ePlus accounts for 1.5% of Palo Capital’s portfolio, making the stock its 11th largest position. Palo Capital owned 0.29% of ePlus worth $1,693,000 at the end of the most recent quarter.
Shares of ePlus (NASDAQ:PLUS) opened at 93.26 on Monday. ePlus has a 1-year low of $64.58 and a 1-year high of $109.33. The stock has a market cap of $697.77 million and a price-to-earnings ratio of 13.96. The firm has a 50-day moving average of $92.42 and a 200 day moving average of $82.96.
ePlus (NASDAQ:PLUS) last announced its quarterly earnings results on Wednesday, November 4th. The company reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.70 by $0.45. Equities research analysts forecast that ePlus will post $6.49 earnings per share for the current year.
Several equities analysts recently issued reports on the stock. Stifel Nicolaus cut shares of ePlus from a “buy” rating to a “hold” rating in a research report on Thursday, October 29th. They noted that the move was a valuation call. Sidoti cut shares of ePlus from a “buy” rating to a “neutral” rating in a research report on Tuesday, December 22nd. Finally, Canaccord Genuity boosted their price target on shares of ePlus from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Thursday, November 5th.
ePlus inc. is an integrator of technology solutions for information technology (NASDAQ:PLUS) lifecycle management. The Company is engaged in selling, leasing, financing, and managing information technology and other assets. The Company operates in two segments: technology and financing. The Company’s technology segment includes sales of information technology products, third-party software, third-party maintenance, advanced professional and managed services and its software to commercial, state and local governments and government contractors. The financing segment consists of the financing of IT equipment, software and related services to commercial, state and local governments, and government contractors. The Company designs, implements and provides an array of IT solutions from multiple IT vendors, including Check Point, Cisco Systems, Dell, EMC, FireEye, F5 Networks, Hewlett-Packard, Juniper, McAfee, NetApp, Nimble, Oracle, Palo Alto Networks, Pure Storage and VMware, among others.
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