ePlus inc. (PLUS) Rating Reiterated by Stifel Nicolaus

ePlus inc. (NASDAQ:PLUS)‘s stock had its “hold” rating reissued by equities research analysts at Stifel Nicolaus in a research report issued on Thursday, August 3rd. They presently have a $75.00 price target on the software maker’s stock. Stifel Nicolaus’ price target suggests a potential downside of 7.46% from the company’s current price.

PLUS has been the topic of a number of other research reports. Zacks Investment Research downgraded shares of ePlus inc. from a “buy” rating to a “hold” rating in a report on Wednesday, April 5th. ValuEngine downgraded shares of ePlus inc. from a “buy” rating to a “hold” rating in a report on Friday, May 26th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $47.05.

ePlus inc. (NASDAQ PLUS) traded up 0.25% during trading on Thursday, reaching $81.25. The company had a trading volume of 30,804 shares. The stock has a 50 day moving average price of $79.08 and a 200 day moving average price of $91.31. ePlus inc. has a 52 week low of $41.47 and a 52 week high of $89.65. The firm has a market capitalization of $1.15 billion, a P/E ratio of 21.31 and a beta of 1.41.

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In other news, Director C Thomas Faulders III sold 5,214 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $85.43, for a total value of $445,432.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Eric D. Hovde sold 5,060 shares of the business’s stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $79.55, for a total transaction of $402,523.00. Following the completion of the transaction, the director now directly owns 69,103 shares of the company’s stock, valued at approximately $5,497,143.65. The disclosure for this sale can be found here. Insiders sold 71,317 shares of company stock worth $5,665,433 in the last ninety days. Insiders own 3.25% of the company’s stock.

Institutional investors have recently modified their holdings of the company. BlackRock Inc. raised its position in shares of ePlus inc. by 84,983.9% in the first quarter. BlackRock Inc. now owns 792,982 shares of the software maker’s stock valued at $107,092,000 after buying an additional 792,050 shares during the period. FMR LLC raised its position in shares of ePlus inc. by 171.3% in the second quarter. FMR LLC now owns 959,478 shares of the software maker’s stock valued at $71,097,000 after buying an additional 605,842 shares during the period. Dimensional Fund Advisors LP raised its position in shares of ePlus inc. by 96.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,173,675 shares of the software maker’s stock valued at $86,970,000 after buying an additional 576,536 shares during the period. Fiduciary Management Inc. WI raised its position in shares of ePlus inc. by 102.6% in the second quarter. Fiduciary Management Inc. WI now owns 1,063,046 shares of the software maker’s stock valued at $78,772,000 after buying an additional 538,286 shares during the period. Finally, Vanguard Group Inc. raised its position in shares of ePlus inc. by 101.5% in the second quarter. Vanguard Group Inc. now owns 919,169 shares of the software maker’s stock valued at $68,110,000 after buying an additional 462,907 shares during the period. 51.93% of the stock is owned by hedge funds and other institutional investors.

About ePlus inc.

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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