ePlus (NASDAQ:PLUS) Price Target Increased to $90.00 by Analysts at Stifel Nicolaus

ePlus (NASDAQ:PLUSGet Free Report) had its price target boosted by Stifel Nicolaus from $80.00 to $90.00 in a report released on Thursday, Benzinga reports. The firm currently has a “hold” rating on the software maker’s stock. Stifel Nicolaus’ price target would indicate a potential upside of 13.98% from the stock’s current price.

ePlus Trading Down 0.4 %

Shares of NASDAQ:PLUS traded down $0.30 during trading on Thursday, reaching $78.96. 60,946 shares of the stock were exchanged, compared to its average volume of 202,768. 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 has a 12-month low of $45.18 and a 12-month high of $83.57. The firm has a market cap of $2.13 billion, a price-to-earnings ratio of 16.26 and a beta of 1.17. The firm’s 50-day moving average price is $77.92 and its 200 day moving average price is $75.33.

Insider Transactions at ePlus

In other ePlus news, COO Darren S. Raiguel sold 4,833 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $80.37, for a total value of $388,428.21. Following the completion of the transaction, the chief operating officer now owns 33,290 shares in the company, valued at approximately $2,675,517.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 2.41% of the company’s stock.

Hedge Funds Weigh In On ePlus

Institutional investors and hedge funds have recently bought and sold shares of the stock. Principal Securities Inc. purchased a new position in shares of ePlus during the 4th quarter valued at approximately $40,000. Operose Advisors LLC purchased a new position in shares of ePlus during the 3rd quarter valued at approximately $33,000. YHB Investment Advisors Inc. purchased a new position in shares of ePlus during the 1st quarter valued at approximately $58,000. EntryPoint Capital LLC raised its position in shares of ePlus by 1,236.7% during the 1st quarter. EntryPoint Capital LLC now owns 1,056 shares of the software maker’s stock valued at $83,000 after acquiring an additional 977 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale acquired a new position in ePlus in the third quarter worth $98,000. Hedge funds and other institutional investors own 93.80% of the company’s stock.

About ePlus

(Get Free Report)

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.

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