ePlus (NASDAQ:PLUS) Rating Reiterated by Berenberg Bank

Berenberg Bank reiterated their hold rating on shares of ePlus (NASDAQ:PLUS) in a research report sent to investors on Tuesday, AnalystRatings.com reports. Berenberg Bank currently has a $91.00 price target on the software maker’s stock.

Several other brokerages have also recently weighed in on PLUS. BidaskClub cut ePlus from a strong-buy rating to a buy rating in a report on Friday, September 13th. ValuEngine lowered ePlus from a sell rating to a strong sell rating in a research report on Friday, November 8th. Zacks Investment Research raised ePlus from a sell rating to a hold rating in a research report on Tuesday, October 29th. Liberum Capital reissued a buy rating on shares of ePlus in a research report on Tuesday, October 29th. Finally, Sidoti boosted their price target on ePlus from $94.00 to $103.00 and gave the stock a buy rating in a research report on Thursday, November 7th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of Hold and an average target price of $98.33.

PLUS traded down $2.72 on Tuesday, hitting $83.98. 86,200 shares of the company’s stock traded hands, compared to its average volume of 81,894. The company’s 50 day simple moving average is $78.61 and its 200-day simple moving average is $78.19. ePlus has a one year low of $65.52 and a one year high of $99.63. The company has a current ratio of 1.52, a quick ratio of 1.39 and a debt-to-equity ratio of 0.02. The firm has a market cap of $1.18 billion, a price-to-earnings ratio of 18.06 and a beta of 1.26.

ePlus (NASDAQ:PLUS) last issued its earnings results on Wednesday, November 6th. The software maker reported $1.81 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.79. ePlus had a return on equity of 15.47% and a net margin of 4.52%. The business had revenue of $411.57 million during the quarter, compared to analysts’ expectations of $364.35 million. As a group, equities analysts anticipate that ePlus will post 4.8 EPS for the current fiscal year.

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In other news, COO Darren S. Raiguel sold 1,302 shares of the business’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $92.92, for a total value of $120,981.84. Following the completion of the transaction, the chief operating officer now directly owns 41,795 shares of the company’s stock, valued at approximately $3,883,591.40. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Mark P. Marron sold 940 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $90.28, for a total value of $84,863.20. Following the completion of the transaction, the chief executive officer now directly owns 87,478 shares of the company’s stock, valued at $7,897,513.84. The disclosure for this sale can be found here. Insiders own 2.59% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in PLUS. WCM Investment Management LLC raised its position in shares of ePlus by 177.1% in the 2nd quarter. WCM Investment Management LLC now owns 140,261 shares of the software maker’s stock worth $9,670,000 after acquiring an additional 89,643 shares in the last quarter. Fiduciary Management Inc. WI increased its position in ePlus by 9.3% during the 2nd quarter. Fiduciary Management Inc. WI now owns 873,721 shares of the software maker’s stock valued at $60,234,000 after buying an additional 74,020 shares in the last quarter. Cortina Asset Management LLC increased its position in ePlus by 30.0% during the 2nd quarter. Cortina Asset Management LLC now owns 241,442 shares of the software maker’s stock valued at $16,645,000 after buying an additional 55,689 shares in the last quarter. Nuveen Asset Management LLC acquired a new position in ePlus during the 2nd quarter valued at about $3,656,000. Finally, Wells Fargo & Company MN increased its position in ePlus by 49.4% during the 2nd quarter. Wells Fargo & Company MN now owns 108,340 shares of the software maker’s stock valued at $7,469,000 after buying an additional 35,801 shares in the last quarter. 90.36% of the stock is owned by hedge funds and other institutional investors.

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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