ePlus Inc. (NASDAQ:PLUS) Director John E. Callies sold 970 shares of the firm’s stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $101.13, for a total value of $98,096.10. Following the completion of the sale, the director now directly owns 10,184 shares of the company’s stock, valued at approximately $1,029,907.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of NASDAQ:PLUS opened at $103.05 on Friday. ePlus Inc. has a 1-year low of $67.65 and a 1-year 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. The firm has a market cap of $1.40 billion, a PE ratio of 24.42 and a beta of 1.15.
ePlus (NASDAQ:PLUS) last issued its quarterly earnings results on Wednesday, August 8th. The software maker reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.11. ePlus had a return on equity of 16.05% and a net margin of 4.07%. The firm had revenue of $356.53 million during the quarter, compared to the consensus estimate of $346.55 million. sell-side analysts predict that ePlus Inc. will post 5.29 EPS for the current fiscal year.
Several large investors have recently modified their holdings of the company. MAI Capital Management bought a new position in shares of ePlus during the second quarter valued at $210,000. Zebra Capital Management LLC boosted its position in shares of ePlus by 30.4% during the second quarter. Zebra Capital Management LLC now owns 10,085 shares of the software maker’s stock valued at $949,000 after buying an additional 2,349 shares during the last quarter. Paloma Partners Management Co boosted its position in shares of ePlus by 63.7% during the second quarter. Paloma Partners Management Co now owns 4,537 shares of the software maker’s stock valued at $427,000 after buying an additional 1,765 shares during the last quarter. Cubist Systematic Strategies LLC boosted its position in shares of ePlus by 21.8% during the second quarter. Cubist Systematic Strategies LLC now owns 3,428 shares of the software maker’s stock valued at $323,000 after buying an additional 613 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of ePlus during the second quarter valued at $638,000. Hedge funds and other institutional investors own 91.92% of the company’s stock.
A number of equities analysts have issued reports on PLUS shares. BidaskClub downgraded ePlus from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 1st. Stifel Nicolaus raised their price target on ePlus from $80.00 to $85.00 and gave the company a “hold” rating in a report on Friday, May 25th. Zacks Investment Research downgraded ePlus from a “buy” rating to a “hold” rating in a report on Thursday. Finally, ValuEngine downgraded ePlus from a “buy” rating to a “hold” rating in a report on Saturday, June 2nd. Four investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $107.00.
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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