The stock of ePlus Inc. (NASDAQ:PLUS) hit a new 52-week high and has $115.57 target or 3.00% above today’s $112.20 share price. The 5 months bullish chart indicates low risk for the $800.17 million company. The 1-year high was reported on Nov, 28 by Barchart.com. If the $115.57 price target is reached, the company will be worth $24.01M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 39,728 shares traded hands or 2.01% up from the average. ePlus Inc. (NASDAQ:PLUS) has risen 36.81% since April 25, 2016 and is uptrending. It has outperformed by 30.79% the S&P500.
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 $11.48 million for 17.42 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.
ePlus Inc. (NASDAQ:PLUS) Ratings Coverage
Out of 3 analysts covering ePlus (NASDAQ:PLUS), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. ePlus has been the topic of 9 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating given on Friday, October 9 by Sidoti. The firm has “Neutral” rating given on Monday, October 12 by Sidoti. As per Thursday, November 5, the company rating was maintained by Canaccord Genuity. As per Tuesday, November 15, the company rating was downgraded by Sidoti. The company was reinitiated on Tuesday, January 5 by Canaccord Genuity. The firm has “Sell” rating by Zacks given on Friday, August 7. The rating was maintained by Sidoti on Thursday, May 26 with “Buy”. The firm has “Hold” rating by Stifel Nicolaus given on Friday, October 30.
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.”
Insitutional Activity: The institutional sentiment increased to 1.4 in 2016 Q2. Its up 0.46, from 0.94 in 2016Q1. The ratio increased, 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.
Chatham Gru, a Georgia-based fund reported 7,825 shares. California Pub Employees Retirement System has 34,200 shares for 0% of their US portfolio. Scout Investments has invested 0.11% of its portfolio in ePlus Inc. (NASDAQ:PLUS). Art Advsr Ltd owns 4,254 shares or 0.02% of their US portfolio. Moreover, Federated Pa has 0.03% invested in ePlus Inc. (NASDAQ:PLUS) for 141,494 shares. Rbf Cap Lc holds 0.04% of its portfolio in ePlus Inc. (NASDAQ:PLUS) for 2,500 shares. Reinhart Prtnrs has 19,880 shares for 0.16% of their US portfolio. Henderson Group Inc Public Limited reported 186,300 shares or 0.13% of all its holdings. Prudential has 0.01% invested in the company for 58,941 shares. Boston Lc has invested 0.15% of its portfolio in ePlus Inc. (NASDAQ:PLUS). Umb Natl Bank N A Mo owns 4,000 shares or 0.01% of their US portfolio. Aqr Cap Mgmt Limited Liability Company holds 0% or 29,610 shares in its portfolio. Allianz Asset Mgmt Ag accumulated 64,966 shares or 0% of the stock. River Road Asset Mngmt holds 310,433 shares or 0.54% of its portfolio. The New York-based New York State Teachers Retirement has invested 0% in ePlus Inc. (NASDAQ:PLUS).
Insider Transactions: Since July 8, 2016, the stock had 0 insider buys, and 19 selling transactions for $23.54 million net activity. On Friday, November 11 the insider HOVDE ERIC D sold $2.30 million. $321,395 worth of ePlus Inc. (NASDAQ:PLUS) shares were sold by Marion Elaine D. The insider BOWEN BRUCE M sold $465,506. 1,500 shares were sold by ODONNELL TERRENCE, worth $143,625 on Tuesday, November 8. $3.87M worth of ePlus Inc. (NASDAQ:PLUS) was sold by NORTON PHILLIP G on Monday, September 19. $51,844 worth of shares were sold by Herman Lawrence S on Tuesday, November 22.
Another recent and important ePlus Inc. (NASDAQ:PLUS) news was published by Globenewswire.com which published an article titled: “ePlus/IGX to Present at the HPE Discover 2016 Conference in London” on November 28, 2016.
PLUS Company Profile
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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