November 23, 2016 - By Hazel Jackson
Eric Hovde, an insider, who’s the present director of Eplus Inc unloaded closely 13,098 shares of the firm worth around $1,425,727 US Dollars which is calculated based on a stock price of 108.9 US Dollars for each one share. It seems he is very active lately as in the last month, he quietly unloaded additional 79,031 shares of the company, worth $8,108,191 USD. Today, he holds a total of 123,024 shares or 1.74% of the company’s market capitalization (total value of the shares outstanding).
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 -7.04% below today’s ($110.8) stock price. ePlus has been the topic of 9 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The firm has “Hold” rating given on Friday, October 30 by Stifel Nicolaus. The company was downgraded on Friday, October 9 by Sidoti. The firm earned “Neutral” rating on Monday, October 12 by Sidoti. On Tuesday, January 5 the stock rating was reinitiated by Canaccord Genuity with “Buy”. As per Tuesday, November 15, the company rating was downgraded by Sidoti. The firm earned “Sell” rating on Friday, August 7 by Zacks. As per Thursday, November 5, the company rating was maintained by Canaccord Genuity. On Thursday, May 26 the stock rating was maintained by Sidoti 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 improved, 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.
Asset Management last reported 1,747 shares in the company. Walleye Trading accumulated 100 shares or 0% of the stock. The Minnesota-based Thrivent For Lutherans has invested 0% in ePlus Inc. (NASDAQ:PLUS). Lpl Limited last reported 0% of its portfolio in the stock. Euclidean Tech Management Ltd Llc holds 2.09% or 23,860 shares in its portfolio. Zpr Mgmt holds 23,780 shares or 3.68% of its portfolio. Ellington Mngmt Ltd Liability Corporation has 0.31% invested in the company for 2,700 shares. Boston Advisors Ltd Liability Company accumulated 0.15% or 71,403 shares. Osmium Prtnrs Ltd Com holds 0.29% of its portfolio in ePlus Inc. (NASDAQ:PLUS) for 2,600 shares. Parametric Assoc Limited Liability last reported 22,483 shares in the company. Blackrock Gru last reported 6,088 shares in the company. Alliancebernstein Limited Partnership has 7,200 shares for 0% of their US portfolio. Fiduciary Mgmt Wi last reported 321,000 shares in the company. Grandeur Peak Glob Advsrs Llc last reported 0.23% of its portfolio in the stock. Deutsche Comml Bank Ag accumulated 0% or 14,049 shares.
Insider Transactions: Since July 8, 2016, the stock had 0 buys, and 16 selling transactions for $21.89 million net activity. BOWEN BRUCE M sold $484,500 worth of ePlus Inc. (NASDAQ:PLUS) on Friday, September 30. HOVDE ERIC D also sold $3.60M worth of ePlus Inc. (NASDAQ:PLUS) shares. 3,500 ePlus Inc. (NASDAQ:PLUS) shares with value of $321,395 were sold by Marion Elaine D. Shares for $143,625 were sold by ODONNELL TERRENCE. 42,682 ePlus Inc. (NASDAQ:PLUS) shares with value of $3.87 million were sold by NORTON PHILLIP G.
About 11,819 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 $809.27 million. It operates through two divisions: technology and financing. It has a 16.6 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 $11.76 million for 17.20 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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