ePlus (NASDAQ:PLUS) Given “Hold” Rating at Berenberg Bank

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Berenberg Bank reissued their hold rating on shares of ePlus (NASDAQ:PLUS) in a research note released on Tuesday, AnalystRatings.com reports. Berenberg Bank currently has a $83.00 price target on the software maker’s stock.

Several other analysts have also commented on PLUS. BidaskClub upgraded shares of ePlus from a buy rating to a strong-buy rating in a research report on Friday, July 19th. ValuEngine upgraded shares of ePlus from a strong sell rating to a sell rating in a research report on Thursday, August 8th. Zacks Investment Research upgraded shares of ePlus from a sell rating to a hold rating and set a $82.00 price target on the stock in a research report on Wednesday, July 24th. Finally, Sidoti upgraded shares of ePlus from a neutral rating to a buy rating in a research report on Monday, July 1st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. ePlus has a consensus rating of Buy and an average price target of $85.67.

PLUS stock opened at $79.51 on Tuesday. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of 17.10 and a beta of 1.34. The company has a current ratio of 1.54, a quick ratio of 1.39 and a debt-to-equity ratio of 0.02. The firm’s fifty day moving average price is $73.75. ePlus has a one year low of $65.52 and a one year high of $104.43.

ePlus (NASDAQ:PLUS) last released its quarterly earnings results on Wednesday, August 7th. The software maker reported $1.20 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.12. The company had revenue of $381.37 million for the quarter, compared to analyst estimates of $355.15 million. ePlus had a net margin of 4.59% and a return on equity of 16.10%. Research analysts predict that ePlus will post 4.24 EPS for the current year.

In other news, Director Lawrence S. Herman sold 600 shares of ePlus stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $71.74, for a total value of $43,044.00. Following the sale, the director now owns 10,749 shares in the company, valued at $771,133.26. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last quarter, insiders sold 1,800 shares of company stock worth $131,154. Company insiders own 2.59% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in PLUS. BlackRock Inc. boosted its position in ePlus by 1.0% during the second quarter. BlackRock Inc. now owns 1,976,757 shares of the software maker’s stock worth $136,276,000 after acquiring an additional 19,732 shares during the last quarter. Fiduciary Management Inc. WI boosted its position in ePlus by 9.3% during the second quarter. Fiduciary Management Inc. WI now owns 873,721 shares of the software maker’s stock worth $60,234,000 after acquiring an additional 74,020 shares during the last quarter. Janus Henderson Group PLC boosted its position in ePlus by 0.6% during the first quarter. Janus Henderson Group PLC now owns 419,986 shares of the software maker’s stock worth $37,186,000 after acquiring an additional 2,602 shares during the last quarter. Northern Trust Corp boosted its position in ePlus by 6.6% during the second quarter. Northern Trust Corp now owns 293,845 shares of the software maker’s stock worth $20,257,000 after acquiring an additional 18,284 shares during the last quarter. Finally, Cortina Asset Management LLC boosted its position in ePlus by 30.0% during the second quarter. Cortina Asset Management LLC now owns 241,442 shares of the software maker’s stock worth $16,645,000 after acquiring an additional 55,689 shares during the last quarter. Institutional investors and hedge funds own 93.29% of the company’s stock.

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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