ePlus (NASDAQ:PLUS) Reaches New 52-Week High at $97.33

ePlus inc. (NASDAQ:PLUS)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $97.33 and last traded at $97.33, with a volume of 20441 shares. The stock had previously closed at $95.20.

Wall Street Analysts Forecast Growth

PLUS has been the subject of several analyst reports. Stifel Nicolaus raised their price target on ePlus from $80.00 to $90.00 and gave the company a “hold” rating in a report on Thursday, May 23rd. StockNews.com lowered shares of ePlus from a “buy” rating to a “hold” rating in a research note on Friday, August 16th.

ePlus Trading Up 2.5 %

The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.87 and a current ratio of 2.01. The firm has a market cap of $2.63 billion, a P/E ratio of 21.99, a price-to-earnings-growth ratio of 1.86 and a beta of 1.11. The stock has a fifty day simple moving average of $88.08 and a 200 day simple moving average of $80.73.

ePlus (NASDAQ:PLUS) last announced its quarterly earnings results on Tuesday, August 6th. The software maker reported $1.02 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.03). ePlus had a return on equity of 12.32% and a net margin of 4.98%. The company had revenue of $544.54 million during the quarter, compared to the consensus estimate of $555.23 million. On average, research analysts expect that ePlus inc. will post 4.67 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Elaine D. Marion sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $92.19, for a total transaction of $460,950.00. Following the completion of the transaction, the chief financial officer now directly owns 64,442 shares in the company, valued at approximately $5,940,907.98. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 2.41% of the company’s stock.

Hedge Funds Weigh In On ePlus

A number of hedge funds have recently made changes to their positions in the business. Principal Securities Inc. purchased a new position in ePlus during the fourth quarter valued at $40,000. CWM LLC lifted its position in ePlus by 1,247.7% during the second quarter. CWM LLC now owns 593 shares of the software maker’s stock valued at $44,000 after purchasing an additional 549 shares during the last quarter. YHB Investment Advisors Inc. purchased a new position in shares of ePlus in the 1st quarter worth $58,000. Innealta Capital LLC bought a new stake in shares of ePlus in the 2nd quarter worth about $66,000. Finally, EntryPoint Capital LLC raised its position in shares of ePlus by 1,236.7% during the 1st quarter. EntryPoint Capital LLC now owns 1,056 shares of the software maker’s stock valued at $83,000 after buying an additional 977 shares in the last quarter. Institutional investors own 93.80% of the company’s stock.

ePlus Company Profile

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 through two segments, Technology and Financing. The Technology segment offers hardware, perpetual and subscription software, maintenance, software assurance, and internally provided and outsourced services; managed services or infrastructure and cloud; and enhanced maintenance support, service desk, storage-as-a-service, cloud hosted and managed, and managed security services; and professional, staff augmentation, cloud consulting, consulting, and security services.