ePlus (NASDAQ:PLUS) Price Target Raised to $80.00 at Stifel Nicolaus

ePlus (NASDAQ:PLUS - Get Free Report) had its price objective hoisted by equities researchers at Stifel Nicolaus from $70.00 to $80.00 in a report released on Monday, Benzinga reports. The firm currently has a "hold" rating on the software maker's stock. Stifel Nicolaus' price objective would suggest a potential upside of 4.34% from the company's previous close.

Separately, Sidoti cut shares of ePlus from a "buy" rating to a "neutral" rating and set a $83.00 target price on the stock. in a report on Monday, January 8th.

ePlus Price Performance

Shares of PLUS traded down $0.40 during mid-day trading on Monday, reaching $76.67. The stock had a trading volume of 81,874 shares, compared to its average volume of 214,507. The firm has a market cap of $2.07 billion, a price-to-earnings ratio of 16.11 and a beta of 1.18. ePlus has a 12 month low of $41.71 and a 12 month high of $83.57. The business has a fifty day moving average of $78.21 and a 200 day moving average of $72.64. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.59 and a current ratio of 1.93.

ePlus (NASDAQ:PLUS - Get Free Report) last issued its earnings results on Tuesday, February 6th. The software maker reported $1.02 earnings per share for the quarter, missing analysts' consensus estimates of $1.24 by ($0.22). ePlus had a return on equity of 15.26% and a net margin of 5.86%. The company had revenue of $509.06 million for the quarter, compared to the consensus estimate of $598.25 million. Equities analysts predict that ePlus will post 4.59 EPS for the current year.

Insider Buying and Selling at ePlus

In related news, Director John E. Callies sold 1,308 shares of the business's stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $79.17, for a total value of $103,554.36. Following the completion of the transaction, the director now directly owns 20,493 shares in the company, valued at approximately $1,622,430.81. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 2.41% of the company's stock.

Hedge Funds Weigh In On ePlus

A number of large investors have recently added to or reduced their stakes in the stock. Ellsworth Advisors LLC raised its position in ePlus by 2.2% during the fourth quarter. Ellsworth Advisors LLC now owns 6,102 shares of the software maker's stock worth $487,000 after acquiring an additional 134 shares during the period. SummerHaven Investment Management LLC grew its holdings in shares of ePlus by 1.1% in the fourth quarter. SummerHaven Investment Management LLC now owns 12,696 shares of the software maker's stock valued at $1,014,000 after purchasing an additional 143 shares during the period. Sei Investments Co. grew its holdings in shares of ePlus by 0.9% in the fourth quarter. Sei Investments Co. now owns 17,502 shares of the software maker's stock valued at $1,398,000 after purchasing an additional 159 shares during the period. Atria Wealth Solutions Inc. boosted its stake in ePlus by 3.4% during the fourth quarter. Atria Wealth Solutions Inc. now owns 6,246 shares of the software maker's stock worth $499,000 after buying an additional 204 shares during the period. Finally, Laurel Wealth Advisors Inc. boosted its stake in ePlus by 2.2% during the fourth quarter. Laurel Wealth Advisors Inc. now owns 10,137 shares of the software maker's stock worth $449,000 after buying an additional 216 shares during the period. 93.80% of the stock is currently owned by institutional investors and hedge funds.

ePlus Company Profile

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.