TheStreet upgraded shares of ePlus (NASDAQ:PLUS) from a c+ rating to a b- rating in a report released on Wednesday morning, TheStreetRatingsTable reports.
PLUS has been the topic of a number of other reports. ValuEngine downgraded shares of ePlus from a hold rating to a sell rating in a research note on Tuesday, May 26th. BidaskClub upgraded shares of ePlus from a sell rating to a hold rating in a research note on Saturday, July 18th. Finally, Zacks Investment Research upgraded shares of ePlus from a hold rating to a buy rating and set a $88.00 target price for the company in a research note on Thursday, August 13th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The company has an average rating of Hold and a consensus target price of $98.33.
NASDAQ PLUS opened at $78.38 on Wednesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.37 and a current ratio of 1.55. The firm’s 50 day moving average price is $73.61 and its 200-day moving average price is $70.78. ePlus has a 52-week low of $42.53 and a 52-week high of $99.63. The company has a market cap of $1.06 billion, a PE ratio of 14.90 and a beta of 1.11.
ePlus (NASDAQ:PLUS) last released its quarterly earnings data on Wednesday, August 5th. The software maker reported $1.51 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.65. ePlus had a net margin of 4.50% and a return on equity of 14.70%. On average, analysts forecast that ePlus will post 4.25 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently bought and sold shares of PLUS. Goldman Sachs Group Inc. raised its holdings in shares of ePlus by 191.9% in the second quarter. Goldman Sachs Group Inc. now owns 145,398 shares of the software maker’s stock worth $10,277,000 after buying an additional 95,582 shares during the last quarter. BlackRock Inc. raised its holdings in shares of ePlus by 4.4% in the first quarter. BlackRock Inc. now owns 2,250,202 shares of the software maker’s stock worth $140,908,000 after buying an additional 94,438 shares during the last quarter. Eagle Asset Management Inc. purchased a new position in shares of ePlus in the first quarter worth $5,837,000. Nuveen Asset Management LLC raised its holdings in shares of ePlus by 100.2% in the first quarter. Nuveen Asset Management LLC now owns 161,957 shares of the software maker’s stock worth $10,141,000 after buying an additional 81,061 shares during the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC raised its holdings in shares of ePlus by 1,514.3% in the first quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 45,200 shares of the software maker’s stock worth $2,830,000 after buying an additional 42,400 shares during the last quarter. 90.83% of the stock is owned by institutional investors and hedge funds.
ePlus Company Profile
ePlus inc., through its subsidiaries, provides information technology solutions that enable organizations to optimize their information technology (IT) environment and supply chain processes in the United States. It operates in two segments, Technology and Financing. The Technology segment offers hardware, software, maintenance, software assurance, and internally-provided and outsourced services; and advanced professional and managed services, including ePlus managed, professional, security, staff augmentation, server and desktop support, and project management services.
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