The stock of ePlus Inc. (NASDAQ:PLUS) reached all time high today, Nov, 29 and still has $118.02 target or 5.00% above today’s $112.40 share price. This indicates more upside for the $795.87M company. This technical setup was reported by Barchart.com. If the $118.02 PT is reached, the company will be worth $39.79 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 15,492 shares traded hands. ePlus Inc. (NASDAQ:PLUS) has risen 36.93% since April 26, 2016 and is uptrending. It has outperformed by 31.67% 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 $11.40 million for 17.45 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 earned “Buy” rating on Thursday, November 5 by Canaccord Genuity. Sidoti downgraded the shares of PLUS in a report on Monday, October 12 to “Neutral” rating. The rating was downgraded by Sidoti to “Neutral” on Tuesday, November 15. Sidoti maintained ePlus Inc. (NASDAQ:PLUS) on Thursday, May 26 with “Buy” rating. Zacks upgraded the shares of PLUS in a report on Friday, August 7 to “Sell” rating. The stock of ePlus Inc. (NASDAQ:PLUS) has “Hold” rating given on Friday, October 30 by Stifel Nicolaus. The firm has “Neutral” rating by Sidoti given on Friday, October 9. The firm has “Buy” rating given on Tuesday, January 5 by Canaccord Genuity.
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 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.
Blackrock Fund Advsr has invested 0.01% of its portfolio in ePlus Inc. (NASDAQ:PLUS). Bnp Paribas Arbitrage Sa holds 0% of its portfolio in ePlus Inc. (NASDAQ:PLUS) for 1,761 shares. Art Advisors Limited Liability Co has invested 0.02% of its portfolio in ePlus Inc. (NASDAQ:PLUS). Grandeur Peak Glob Advsrs Limited Liability Corporation has 13,978 shares for 0.23% of their US portfolio. Guggenheim Ltd last reported 0% of its portfolio in the stock. Ls Investment Advsrs Ltd Liability Corp owns 194 shares or 0% of their US portfolio. Camarda Fincl Advsr Llc holds 0.82% or 15,770 shares in its portfolio. Citigroup accumulated 0% or 4,503 shares. Sei Communication last reported 0% of its portfolio in the stock. Blackrock Limited has 3,081 shares for 0% of their US portfolio. Great West Life Assurance Can, a Manitoba – Canada-based fund reported 1,100 shares. Royal Savings Bank Of Canada last reported 0% of its portfolio in the stock. Hbk L P holds 2,800 shares or 0% of its portfolio. Scout Investments has 0.11% invested in the company for 47,625 shares. Teacher Retirement Sys Of Texas accumulated 0% or 890 shares.
Insider Transactions: Since July 8, 2016, the stock had 0 buys, and 19 selling transactions for $23.54 million net activity. Another trade for 13,098 shares valued at $1.43 million was sold by HOVDE ERIC D. On Friday, September 30 BOWEN BRUCE M sold $484,500 worth of the stock or 5,100 shares. Shares for $51,844 were sold by Herman Lawrence S. $143,625 worth of ePlus Inc. (NASDAQ:PLUS) was sold by ODONNELL TERRENCE. 51,832 shares were sold by NORTON PHILLIP G, worth $4.69M on Thursday, September 22. Marion Elaine D also sold $163,773 worth of ePlus Inc. (NASDAQ:PLUS) on Tuesday, November 22.
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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