Equities analysts forecast that ePlus inc. (NASDAQ:PLUS) will report earnings per share of $0.88 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for ePlus inc.’s earnings, with the lowest EPS estimate coming in at $0.83 and the highest estimate coming in at $0.93. ePlus inc. posted earnings per share of $0.96 during the same quarter last year, which would suggest a negative year over year growth rate of 8.3%. The company is scheduled to report its next quarterly earnings results on Thursday, February 1st.

According to Zacks, analysts expect that ePlus inc. will report full year earnings of $3.88 per share for the current financial year. For the next fiscal year, analysts expect that the firm will post earnings of $4.18 per share, with EPS estimates ranging from $4.16 to $4.20. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover ePlus inc..

Several analysts recently issued reports on the company. Zacks Investment Research downgraded ePlus inc. from a “buy” rating to a “hold” rating in a research note on Friday, August 18th. BidaskClub downgraded ePlus inc. from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 9th. Stifel Nicolaus reissued a “hold” rating and set a $75.00 target price on shares of ePlus inc. in a research note on Tuesday, September 12th. Finally, ValuEngine downgraded ePlus inc. from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $45.80.

In other ePlus inc. news, Director John E. Callies sold 1,000 shares of ePlus inc. stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $83.15, for a total value of $83,150.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director C Thomas Faulders III sold 5,214 shares of ePlus inc. stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $85.43, for a total value of $445,432.02. The disclosure for this sale can be found here. Insiders have sold a total of 29,214 shares of company stock worth $2,580,002 in the last three months. 3.25% of the stock is owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in PLUS. BlackRock Inc. increased its stake in ePlus inc. by 84,983.9% in the 1st quarter. BlackRock Inc. now owns 792,982 shares of the software maker’s stock worth $107,092,000 after acquiring an additional 792,050 shares during the last quarter. FMR LLC increased its stake in ePlus inc. by 171.3% in the 2nd quarter. FMR LLC now owns 959,478 shares of the software maker’s stock worth $71,097,000 after acquiring an additional 605,842 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in ePlus inc. by 96.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,173,675 shares of the software maker’s stock worth $86,970,000 after acquiring an additional 576,536 shares during the last quarter. Fiduciary Management Inc. WI increased its stake in ePlus inc. by 102.6% in the 2nd quarter. Fiduciary Management Inc. WI now owns 1,063,046 shares of the software maker’s stock worth $78,772,000 after acquiring an additional 538,286 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in ePlus inc. by 101.5% in the 2nd quarter. Vanguard Group Inc. now owns 919,169 shares of the software maker’s stock worth $68,110,000 after acquiring an additional 462,907 shares during the last quarter. 86.18% of the stock is currently owned by institutional investors and hedge funds.

Shares of ePlus inc. (NASDAQ:PLUS) traded down $21.75 on Friday, reaching $74.25. The company had a trading volume of 351,009 shares, compared to its average volume of 81,218. The company has a market cap of $1,051.90, a P/E ratio of 18.97 and a beta of 1.34. ePlus inc. has a 52 week low of $46.65 and a 52 week high of $97.75. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.59 and a quick ratio of 1.35.

ePlus inc. announced that its Board of Directors has initiated a stock repurchase plan on Friday, August 18th that allows the company to buyback 500,000 outstanding shares. This buyback authorization allows the software maker to reacquire shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s management believes its shares are undervalued.

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ePlus inc. Company Profile

ePlus inc. is a holding company. The Company is engaged in the business of selling, leasing, financing and managing information technology. It operates through two segments: 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.

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