ePlus (PLUS) Cut to “Sell” at ValuEngine

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ValuEngine cut shares of ePlus (NASDAQ:PLUS) from a hold rating to a sell rating in a research note issued to investors on Wednesday morning.

A number of other research firms have also recently issued reports on PLUS. BidaskClub raised shares of ePlus from a buy rating to a strong-buy rating in a research note on Wednesday, August 8th. Zacks Investment Research cut shares of ePlus from a buy rating to a hold rating in a research note on Thursday, September 6th. Finally, Stifel Nicolaus reissued a hold rating and issued a $95.00 price target on shares of ePlus in a research note on Monday, July 23rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of $107.00.

ePlus stock opened at $94.00 on Wednesday. ePlus has a 1 year low of $67.65 and a 1 year high of $107.25. The firm has a market capitalization of $1.31 billion, a P/E ratio of 22.83 and a beta of 1.15. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.50 and a current ratio of 1.65.

ePlus (NASDAQ:PLUS) last released its quarterly earnings results on Wednesday, August 8th. The software maker reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.11. ePlus had a net margin of 4.07% and a return on equity of 16.05%. The firm had revenue of $356.53 million for the quarter, compared to analysts’ expectations of $346.55 million. analysts forecast that ePlus will post 5.29 EPS for the current year.

In related news, 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 sale, the chief executive officer now owns 99,752 shares of the company’s stock, valued at approximately $10,154,753.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Mark P. Marron sold 20,000 shares of ePlus stock in a transaction on Tuesday, September 18th. The shares were sold at an average price of $100.99, for a total transaction of $2,019,800.00. Following the completion of the sale, the chief executive officer now directly owns 99,752 shares in the company, valued at approximately $10,073,954.48. The disclosure for this sale can be found here. Insiders sold a total of 46,794 shares of company stock worth $4,750,250 in the last three months. 2.72% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Acadian Asset Management LLC acquired a new stake in ePlus during the 2nd quarter worth $123,000. Itau Unibanco Holding S.A. acquired a new stake in ePlus during the 2nd quarter worth $161,000. SG Americas Securities LLC acquired a new stake in ePlus during the 1st quarter worth $171,000. Amalgamated Bank acquired a new stake in ePlus during the 2nd quarter worth $209,000. Finally, MAI Capital Management acquired a new stake in ePlus during the 2nd quarter worth $210,000. 91.88% of the stock is currently owned by 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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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