BidaskClub upgraded shares of ePlus (NASDAQ:PLUS) from a buy rating to a strong-buy rating in a research note issued to investors on Friday morning, BidAskClub reports.

PLUS has been the topic of several other reports. Zacks Investment Research raised shares of Icon from a hold rating to a buy rating and set a $157.00 price objective on the stock in a research report on Thursday, May 30th. ValuEngine downgraded shares of Zumiez from a hold rating to a sell rating in a research report on Tuesday, July 2nd. Berenberg Bank reissued a hold rating and set a GBX 300 ($3.92) price objective on shares of Forterra in a research report on Wednesday, May 29th. Finally, Sidoti raised shares of ePlus from a neutral rating to a buy rating in a research report on Monday, July 1st. Two analysts have rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $99.50.

NASDAQ PLUS opened at $73.12 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.70 and a quick ratio of 1.55. The firm has a fifty day moving average of $71.36. The stock has a market cap of $995.18 million, a P/E ratio of 15.72 and a beta of 1.35. ePlus has a 12 month low of $65.52 and a 12 month high of $107.25.

ePlus (NASDAQ:PLUS) last issued its quarterly earnings data on Wednesday, May 22nd. The software maker reported $1.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.18. ePlus had a net margin of 4.60% and a return on equity of 16.81%. The company had revenue of $325.43 million for the quarter, compared to the consensus estimate of $357.65 million. As a group, equities analysts expect that ePlus will post 4.24 earnings per share for the current year.

In other news, CFO Elaine D. Marion sold 2,661 shares of the firm’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $95.12, for a total value of $253,114.32. Following the completion of the sale, the chief financial officer now owns 64,006 shares in the company, valued at approximately $6,088,250.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lawrence S. Herman sold 600 shares of the firm’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $71.25, for a total transaction of $42,750.00. Following the completion of the sale, the director now owns 10,149 shares of the company’s stock, valued at approximately $723,116.25. The disclosure for this sale can be found here. Insiders sold a total of 10,200 shares of company stock valued at $941,209 in the last 90 days. Company insiders own 2.72% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Mason Street Advisors LLC lifted its stake in shares of ePlus by 2.7% in the 1st quarter. Mason Street Advisors LLC now owns 4,371 shares of the software maker’s stock worth $387,000 after acquiring an additional 115 shares during the period. Zions Bancorporation N.A. lifted its stake in shares of ePlus by 7.0% in the 2nd quarter. Zions Bancorporation N.A. now owns 2,308 shares of the software maker’s stock worth $159,000 after acquiring an additional 150 shares during the period. Campbell Newman Asset Management Inc. lifted its stake in shares of ePlus by 2.5% in the 1st quarter. Campbell Newman Asset Management Inc. now owns 7,864 shares of the software maker’s stock worth $696,000 after acquiring an additional 189 shares during the period. Piedmont Investment Advisors Inc. lifted its stake in shares of ePlus by 5.8% in the first quarter. Piedmont Investment Advisors Inc. now owns 3,479 shares of the software maker’s stock valued at $308,000 after purchasing an additional 192 shares during the period. Finally, First Trust Advisors LP lifted its stake in shares of ePlus by 2.0% in the first quarter. First Trust Advisors LP now owns 10,703 shares of the software maker’s stock valued at $948,000 after purchasing an additional 211 shares during the period. Institutional investors own 92.09% of the company’s stock.

ePlus Company Profile

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

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