November 23, 2016 - By Adrian Mccoy
Lawrence Herman, the well informed person, who is a director of Eplus Inc made a sale of approx. 474 shares of the firm worth around $51,844 U.S. Dollars calculated based on 109.4 U.S. Dollars for each one share. The probability of this stocks unloading remaining unnoticed is very little because it’s new, with the director now owning 7,100 shares —- that is 0.10% of the company’s market cap. The date of deal was November 23, 2016, and it was made public in a SEC-filed report, which you can find here.
Out of 3 analysts covering ePlus (NASDAQ:PLUS), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. $110.0 is the highest target while $91 is the lowest. The $103 average target is -7.21% below today’s ($111) stock price. ePlus has been the topic of 9 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The stock of ePlus Inc. (NASDAQ:PLUS) earned “Sell” rating by Zacks on Friday, August 7. Sidoti downgraded ePlus Inc. (NASDAQ:PLUS) rating on Monday, October 12. Sidoti has “Neutral” rating and $91 price target. The firm has “Neutral” rating by Sidoti given on Tuesday, November 15. The rating was maintained by Sidoti with “Buy” on Thursday, May 26. Canaccord Genuity maintained the shares of PLUS in a report on Thursday, November 5 with “Buy” rating. The stock of ePlus Inc. (NASDAQ:PLUS) earned “Neutral” rating by Sidoti on Friday, October 9. The firm has “Hold” rating given on Friday, October 30 by Stifel Nicolaus. Canaccord Genuity reinitiated ePlus Inc. (NASDAQ:PLUS) on Tuesday, January 5 with “Buy” rating.
Insitutional Activity: The institutional sentiment increased to 1.4 in 2016 Q2. Its up 0.46, from 0.94 in 2016Q1. The ratio increased, as 20 funds sold all ePlus Inc. shares owned while 48 reduced positions. 21 funds bought stakes while 43 increased positions. They now own 5.81 million shares or 5.29% less from 6.13 million shares in 2016Q1.
Zpr Invest has 3.68% invested in the company for 23,780 shares. Teacher Retirement System Of Texas has invested 0% of its portfolio in ePlus Inc. (NASDAQ:PLUS). Moreover, Barclays Public Ltd Company has 0% invested in ePlus Inc. (NASDAQ:PLUS) for 9,845 shares. Manufacturers Life Insurance The owns 4,048 shares or 0% of their US portfolio. D E Shaw has 25,042 shares for 0% of their US portfolio. Umb Bancorporation N A Mo reported 4,000 shares or 0.01% of all its holdings. Blackrock Management Ltd Liability Com holds 27,909 shares or 0% of its portfolio. Henderson Gru Public Limited Company last reported 0.13% of its portfolio in the stock. Swiss Bank & Trust has invested 0% of its portfolio in ePlus Inc. (NASDAQ:PLUS). Palo Cap holds 2,804 shares or 0.08% of its portfolio. Wellington Grp Inc Llp has 387,838 shares for 0.01% of their US portfolio. Blackrock Advsr Limited Liability Corp holds 0% of its portfolio in ePlus Inc. (NASDAQ:PLUS) for 3,081 shares. Picton Mahoney Asset Mgmt has invested 0% of its portfolio in ePlus Inc. (NASDAQ:PLUS). Aqr Mngmt Limited Liability Com has 0% invested in the company for 29,610 shares. Pinebridge Limited Partnership holds 0% or 686 shares in its portfolio.
Insider Transactions: Since July 8, 2016, the stock had 0 insider purchases, and 17 selling transactions for $23.32 million net activity. HOVDE ERIC D had sold 34,218 shares worth $3.60 million. $3.87 million worth of shares were sold by NORTON PHILLIP G on Monday, September 19. 5,000 shares were sold by BOWEN BRUCE M, worth $438,048. The insider Marion Elaine D sold 3,500 shares worth $321,395. ODONNELL TERRENCE had sold 1,175 shares worth $105,336.
About 31,298 shares traded hands. ePlus Inc. (NASDAQ:PLUS) has risen 36.75% since April 21, 2016 and is uptrending. It has outperformed by 31.43% the S&P500.
ePlus inc. is a holding company. The Company is engaged in the business of selling, leasing, financing and managing information technology. The company has a market cap of $810.73 million. It operates through two divisions: technology and financing. It has a 16.63 P/E ratio. The technology segment sells information technology hardware products, third-party software and maintenance contracts, its own and third-party professional and managed services, and its software.
According to Zacks Investment Research, “ePlus Inc. serves as the parent holding company for ePlus Group, Inc., ePlus Technology of NC, Inc., ePlus Technology of PA, Inc., ePlus Technology, Inc., ePlus Government, Inc., ePlus Capital, Inc., ePlus Systems, Inc., ePlus Content Services, Inc and MLC Leasing, S.A. de C.V.”
Analysts await ePlus Inc. (NASDAQ:PLUS) to report earnings on February, 2. They expect $1.61 EPS, up 15.00% or $0.21 from last year’s $1.4 per share. PLUS’s profit will be $11.76M for 17.24 P/E if the $1.61 EPS becomes a reality. After $2.47 actual EPS reported by ePlus Inc. for the previous quarter, Wall Street now forecasts -34.82% negative EPS growth.
Another recent and important ePlus Inc. (NASDAQ:PLUS) news was published by Streetinsider.com which published an article titled: “Form 4 EPLUS INC For: Nov 16 Filed by: HOVDE ERIC D” on November 18, 2016.
ePlus inc., incorporated on August 27, 1996, is a holding company. The Firm is engaged in the business of selling, leasing, financing and managing information technology. It operates through two divisions: technology and financing. The technology segment sells information technology (IT) hardware products, third-party software and maintenance contracts, its own and third-party professional and managed services, and its software. The financing segment activities primarily consist of the financing of information technology equipment, software and related services. Both divisions sell to commercial entities, state and local governments, government contractors and educational institutions. The Firm is a well-known provider of IT solutions, which enable organizations to optimize their IT environment and supply chain processes. The Firm delivers and integrates IT products and software from various vendors, and provides private, hybrid, and public cloud solutions. It also provides consulting and lifecycle management services, including flexible financing solutions.
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By Adrian Mccoy