ePlus (NASDAQ:PLUS) Price Target Raised to $80.00

ePlus (NASDAQ:PLUS) had its price target boosted by Stifel Nicolaus from $70.00 to $80.00 in a report published on Monday, Benzinga reports. The firm currently has a hold rating on the software maker’s stock.

Separately, Sidoti lowered ePlus from a buy rating to a neutral rating and set a $83.00 price objective for the company. in a research report on Monday, January 8th.

ePlus Price Performance

NASDAQ PLUS opened at $75.43 on Monday. The company has a market cap of $2.03 billion, a PE ratio of 15.91 and a beta of 1.18. ePlus has a 52 week low of $41.71 and a 52 week high of $83.57. The company has a quick ratio of 1.59, a current ratio of 1.93 and a debt-to-equity ratio of 0.01. The firm’s 50-day simple moving average is $78.32 and its two-hundred day simple moving average is $72.83.

ePlus (NASDAQ:PLUS) last issued its quarterly earnings results on Tuesday, February 6th. The software maker reported $1.02 EPS for the quarter, missing analysts’ consensus estimates of $1.24 by ($0.22). ePlus had a net margin of 5.86% and a return on equity of 15.26%. The business had revenue of $509.06 million for the quarter, compared to the consensus estimate of $598.25 million. Research analysts predict that ePlus will post 4.59 earnings per share for the current year.

Insider Transactions at ePlus

In other ePlus news, Director John E. Callies sold 1,308 shares of the company’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $79.17, for a total value of $103,554.36. Following the transaction, the director now owns 20,493 shares of the company’s stock, valued at approximately $1,622,430.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.41% of the company’s stock.

Hedge Funds Weigh In On ePlus

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Advisor Group Holdings Inc. lifted its stake in shares of ePlus by 55.5% during the 1st quarter. Advisor Group Holdings Inc. now owns 2,225 shares of the software maker’s stock worth $130,000 after purchasing an additional 794 shares during the last quarter. Citigroup Inc. lifted its position in shares of ePlus by 8.6% in the first quarter. Citigroup Inc. now owns 23,709 shares of the software maker’s stock valued at $1,329,000 after acquiring an additional 1,871 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of ePlus by 188.7% in the first quarter. PNC Financial Services Group Inc. now owns 4,374 shares of the software maker’s stock valued at $245,000 after acquiring an additional 2,859 shares in the last quarter. MetLife Investment Management LLC lifted its position in ePlus by 34.6% during the first quarter. MetLife Investment Management LLC now owns 13,462 shares of the software maker’s stock worth $755,000 after buying an additional 3,458 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in ePlus by 13.5% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 23,179 shares of the software maker’s stock worth $1,299,000 after buying an additional 2,760 shares in the last quarter. Institutional investors own 93.80% of the company’s stock.

ePlus Company Profile

ePlus inc., together with its subsidiaries, provides information technology (IT) solutions that enable organizations to optimize their IT environment and supply chain processes in the United States and internationally. It operates in two segments, Technology and Financing. The Technology segment offers hardware, perpetual and subscription software, maintenance, software assurance, and internally provided and outsourced services; and professional and managed services, including managed, professional, security solutions, cloud consulting and hosting, staff augmentation, storage-as-a-service, server and desktop support, and project management services.