November 23, 2016 - By Linda Rogers
Elaine Marion who right now serves as the Chief Financial Officer of Eplus Inc a few days ago unloaded 1,500 shares of the public company. The insider transaction has $163,773 USD total value, at an average market stock price per share of $109.2. At the moment, Elaine Marion owns 49,958 shares or 0.71% of the Company’s total market capitalization.
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 firm earned “Neutral” rating on Friday, October 9 by Sidoti. The firm has “Buy” rating given on Tuesday, January 5 by Canaccord Genuity. The firm has “Neutral” rating by Sidoti given on Tuesday, November 15. The stock of ePlus Inc. (NASDAQ:PLUS) earned “Neutral” rating by Sidoti on Monday, October 12. Zacks upgraded the shares of PLUS in a report on Friday, August 7 to “Sell” rating. On Friday, October 30 the stock rating was downgraded by Stifel Nicolaus to “Hold”. The stock of ePlus Inc. (NASDAQ:PLUS) has “Buy” rating given on Thursday, May 26 by Sidoti. On Thursday, November 5 the stock rating was maintained by Canaccord Genuity with “Buy”.
Insitutional Activity: The institutional sentiment increased to 1.4 in Q2 2016. Its up 0.46, from 0.94 in 2016Q1. The ratio is positive, 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.
Texas Permanent School Fund, a Texas-based fund reported 4,281 shares. The Germany-based Allianz Asset Management Ag has invested 0% in ePlus Inc. (NASDAQ:PLUS). Pinebridge Invests Ltd Partnership, a New York-based fund reported 686 shares. Clarivest Asset Mngmt Limited Liability Com has invested 0.03% of its portfolio in ePlus Inc. (NASDAQ:PLUS). Ameriprise Fincl accumulated 59,557 shares or 0% of the stock. California Public Employees Retirement System last reported 34,200 shares in the company. Prudential Inc holds 0.01% of its portfolio in ePlus Inc. (NASDAQ:PLUS) for 58,941 shares. Pub Sector Pension Board last reported 4,100 shares in the company. Piedmont Investment Advsrs Limited Company has invested 0% of its portfolio in ePlus Inc. (NASDAQ:PLUS). Sg Americas Secs Limited Liability Corp last reported 1,241 shares in the company. Advsrs Asset Mgmt Incorporated reported 1,747 shares or 0% of all its holdings. State Of Tennessee Treasury Department reported 4,711 shares or 0% of all its holdings. Jacobs Levy Equity Mgmt last reported 6,700 shares in the company. Federated Invsts Inc Pa holds 141,494 shares or 0.03% of its portfolio. Citigroup owns 4,503 shares or 0% of their US portfolio.
Insider Transactions: Since July 8, 2016, the stock had 0 insider buys, and 17 sales for $23.32 million net activity. 4,900 shares with value of $465,506 were sold by BOWEN BRUCE M on Wednesday, September 7. Shares for $321,395 were sold by Marion Elaine D on Monday, October 17. $2.30M worth of ePlus Inc. (NASDAQ:PLUS) was sold by HOVDE ERIC D. Shares for $3.87 million were sold by NORTON PHILLIP G. The insider ODONNELL TERRENCE sold $105,336.
About 32,483 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 earnings per share, up 15.00% or $0.21 from last year’s $1.4 per share. PLUS’s profit will be $11.76 million for 17.24 P/E if the $1.61 EPS becomes a reality. After $2.47 actual earnings per share 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 Linda Rogers