ePlus inc. (PLUS) Receiving Somewhat Favorable Press Coverage, Report Finds
Media stories about ePlus inc. (NASDAQ:PLUS) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies negative and positive press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. ePlus inc. earned a coverage optimism score of 0.08 on Accern’s scale. Accern also gave press coverage about the software maker an impact score of 45.7956360176941 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news stories that may have impacted Accern Sentiment’s scoring:
- $1.12 Earnings Per Share Expected for ePlus inc. (PLUS) This Quarter (americanbankingnews.com)
- ePlus : Presenting at the Rochester Security Summit 2017 (4-traders.com)
- ePlus Presenting at the Rochester Security Summit 2017 (feeds.benzinga.com)
- ETFs with exposure to ePlus, Inc. : October 11, 2017 (finance.yahoo.com)
ePlus inc. (PLUS) traded down 1.14% during midday trading on Tuesday, reaching $95.65. 25,846 shares of the company traded hands. The company has a 50-day moving average price of $87.41 and a 200-day moving average price of $78.24. The company has a market cap of $1.36 billion, a price-to-earnings ratio of 25.09 and a beta of 1.40. ePlus inc. has a 12-month low of $44.20 and a 12-month high of $97.70.
ePlus inc. declared that its board has initiated a stock repurchase plan on Friday, August 18th that permits the company to repurchase 500,000 outstanding shares. This repurchase authorization permits the software maker to reacquire shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.
Several research firms recently weighed in on PLUS. Stifel Nicolaus reaffirmed a “hold” rating and issued a $75.00 price objective on shares of ePlus inc. in a report on Tuesday. Zacks Investment Research downgraded shares of ePlus inc. from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. BidaskClub downgraded shares of ePlus inc. from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 9th. Finally, ValuEngine downgraded shares of ePlus inc. from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $45.80.
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In related news, CEO Mark P. Marron sold 10,000 shares of the firm’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $93.40, for a total value of $934,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director C Thomas Faulders III sold 5,214 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The shares were 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. In the last quarter, insiders sold 29,214 shares of company stock worth $2,580,002. 3.25% of the stock is owned by company insiders.
About ePlus inc.
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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