ePlus (NASDAQ:PLUS) Price Target Raised to $90.00

ePlus (NASDAQ:PLUS) had its price target increased by Stifel Nicolaus from $80.00 to $90.00 in a research note released on Thursday, Benzinga reports. The brokerage currently has a hold rating on the software maker’s stock.

ePlus Stock Down 1.3 %

Shares of NASDAQ PLUS opened at $78.18 on Thursday. The firm has a 50 day moving average price of $77.92 and a 200 day moving average price of $75.65. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.59 and a current ratio of 1.94. The stock has a market cap of $2.11 billion, a P/E ratio of 18.06 and a beta of 1.17. ePlus has a 52-week low of $48.05 and a 52-week high of $83.57.

Insider Activity at ePlus

In other ePlus news, COO Darren S. Raiguel sold 4,833 shares of ePlus stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $80.37, for a total transaction of $388,428.21. Following the transaction, the chief operating officer now directly owns 33,290 shares in the company, valued at $2,675,517.30. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 2.41% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Gobi Capital LLC acquired a new stake in shares of ePlus during the fourth quarter worth $49,190,000. FMR LLC raised its stake in shares of ePlus by 4,840.2% in the 3rd quarter. FMR LLC now owns 286,975 shares of the software maker’s stock valued at $18,229,000 after purchasing an additional 281,166 shares during the period. Swedbank AB bought a new stake in shares of ePlus in the first quarter valued at about $15,315,000. Vanguard Group Inc. grew its holdings in shares of ePlus by 1.4% during the third quarter. Vanguard Group Inc. now owns 2,376,006 shares of the software maker’s stock worth $150,924,000 after buying an additional 32,353 shares in the last quarter. Finally, Lumbard & Kellner LLC acquired a new stake in ePlus in the 1st quarter valued at approximately $2,459,000. Institutional investors own 93.80% of the company’s stock.

About ePlus

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 in two segments, Technology and Financing. The Technology segment offers hardware, perpetual and subscription software, maintenance, software assurance, and internally provided and outsourced services; and professional and managed services, including managed, professional, security solutions, cloud consulting and hosting, staff augmentation, storage-as-a-service, server and desktop support, and project management services.