ValuEngine Lowers ePlus (PLUS) to Sell

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ValuEngine lowered shares of ePlus (NASDAQ:PLUS) from a hold rating to a sell rating in a research note issued to investors on Wednesday, September 19th.

A number of other brokerages have also commented on PLUS. BidaskClub upgraded ePlus from a buy rating to a strong-buy rating in a report on Wednesday, August 8th. Zacks Investment Research downgraded ePlus from a buy rating to a hold rating in a research report on Thursday, September 6th. Finally, Stifel Nicolaus reissued a hold rating and issued a $95.00 target price on shares of ePlus in a research report on Monday, July 23rd. Three analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. ePlus presently has an average rating of Sell and an average target price of $107.00.

Shares of PLUS stock traded up $0.92 during trading hours on Wednesday, reaching $85.37. The company had a trading volume of 95,631 shares, compared to its average volume of 79,588. The firm has a market capitalization of $1.27 billion, a PE ratio of 20.23 and a beta of 1.19. ePlus has a 12 month low of $67.65 and a 12 month high of $107.25. The company has a quick ratio of 1.50, a current ratio of 1.65 and a debt-to-equity ratio of 0.03.

ePlus (NASDAQ:PLUS) last issued its quarterly earnings results on Wednesday, August 8th. The software maker reported $1.28 EPS for the quarter, topping the Zacks’ consensus estimate of $1.17 by $0.11. The business had revenue of $356.53 million for the quarter, compared to analyst estimates of $346.55 million. ePlus had a return on equity of 16.05% and a net margin of 4.07%. On average, equities research analysts anticipate that ePlus will post 5.29 earnings per share for the current fiscal year.

In other news, CEO Mark P. Marron sold 20,000 shares of ePlus stock in a transaction on Tuesday, September 18th. The stock was sold at an average price of $100.99, for a total value of $2,019,800.00. Following the completion of the transaction, the chief executive officer now directly owns 99,752 shares in the company, valued at $10,073,954.48. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Mark P. Marron sold 10,000 shares of ePlus stock in a transaction on Friday, September 14th. The shares were sold at an average price of $101.80, for a total value of $1,018,000.00. Following the completion of the transaction, the chief executive officer now owns 99,752 shares of the company’s stock, valued at $10,154,753.60. The disclosure for this sale can be found here. Insiders sold 46,794 shares of company stock valued at $4,750,250 over the last three months. Company insiders own 2.72% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Acadian Asset Management LLC bought a new stake in ePlus during the second quarter valued at $123,000. Itau Unibanco Holding S.A. bought a new stake in ePlus during the second quarter valued at $161,000. SG Americas Securities LLC bought a new stake in ePlus during the first quarter valued at $171,000. Amalgamated Bank bought a new stake in ePlus during the second quarter valued at $209,000. Finally, MAI Capital Management bought a new stake in ePlus during the second quarter valued at $210,000. Institutional investors own 91.87% of the company’s stock.

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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