ePlus (NASDAQ:PLUS) PT Raised to $80.00 at Stifel Nicolaus

ePlus (NASDAQ:PLUS) had its price objective increased by Stifel Nicolaus from $70.00 to $80.00 in a research note published on Monday morning, Benzinga reports. Stifel Nicolaus currently has a hold rating on the software maker’s stock.

Separately, Sidoti cut ePlus from a buy rating to a neutral rating and set a $83.00 price target on the stock. in a research note on Monday, January 8th.

ePlus Stock Down 0.2 %

PLUS stock opened at $75.28 on Monday. ePlus has a fifty-two week low of $41.71 and a fifty-two week high of $83.57. The company’s 50 day moving average price is $78.34 and its 200 day moving average price is $72.85. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.59 and a current ratio of 1.93. The firm has a market capitalization of $2.03 billion, a price-to-earnings ratio of 15.88 and a beta of 1.18.

ePlus (NASDAQ:PLUS) last announced its quarterly earnings data on Tuesday, February 6th. The software maker reported $1.02 EPS for the quarter, missing analysts’ consensus estimates of $1.24 by ($0.22). The firm had revenue of $509.06 million during the quarter, compared to analysts’ expectations of $598.25 million. ePlus had a net margin of 5.86% and a return on equity of 15.26%. On average, equities research analysts anticipate that ePlus will post 4.59 EPS for the current fiscal year.

Insider Buying and Selling at ePlus

In other news, Director John E. Callies sold 1,308 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $79.17, for a total transaction of $103,554.36. Following the completion of the sale, the director now owns 20,493 shares in the company, valued at approximately $1,622,430.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.41% of the stock is currently owned by insiders.

Hedge Funds Weigh In On ePlus

Several hedge funds have recently made changes to their positions in the company. Morgan Stanley lifted its holdings in shares of ePlus by 348.0% in the 4th quarter. Morgan Stanley now owns 799,247 shares of the software maker’s stock valued at $35,391,000 after purchasing an additional 620,838 shares during the last quarter. Gobi Capital LLC purchased a new stake in ePlus in the fourth quarter valued at approximately $49,190,000. Capital Research Global Investors acquired a new stake in shares of ePlus in the first quarter valued at approximately $17,087,000. FMR LLC boosted its holdings in shares of ePlus by 4,840.2% in the third quarter. FMR LLC now owns 286,975 shares of the software maker’s stock valued at $18,229,000 after acquiring an additional 281,166 shares during the period. Finally, Wells Fargo & Company MN grew its position in shares of ePlus by 517.3% during the second quarter. Wells Fargo & Company MN now owns 248,764 shares of the software maker’s stock worth $13,214,000 after acquiring an additional 208,463 shares during the last quarter. Hedge funds and other institutional investors own 93.80% of the company’s stock.

About ePlus

ePlus inc., together with its subsidiaries, provides information technology (IT) solutions that enable organizations to optimize their IT environment and supply chain processes in the United States and internationally. It operates in two segments, Technology and Financing. The Technology segment offers hardware, perpetual and subscription software, maintenance, software assurance, and internally provided and outsourced services; and professional and managed services, including managed, professional, security solutions, cloud consulting and hosting, staff augmentation, storage-as-a-service, server and desktop support, and project management services.