ePlus (PLUS) Earning Somewhat Favorable Media Coverage, Accern Reports
Media headlines about ePlus (NASDAQ:PLUS) have been trending somewhat positive on Monday, according to Accern Sentiment Analysis. The research firm identifies positive and negative news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. ePlus earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave media coverage about the software maker an impact score of 46.1349843174353 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Several equities analysts have issued reports on PLUS shares. BidaskClub downgraded shares of ePlus from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 9th. Zacks Investment Research upgraded shares of ePlus from a “hold” rating to a “buy” rating and set a $99.00 price objective for the company in a research note on Saturday, August 5th. Stifel Nicolaus restated a “hold” rating and issued a $75.00 price objective on shares of ePlus in a research note on Tuesday, October 17th. Finally, ValuEngine cut shares of ePlus from a “buy” rating to a “hold” rating in a report on Friday, September 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $58.77.
Shares of ePlus (PLUS) opened at $80.65 on Monday. ePlus has a 1-year low of $54.28 and a 1-year high of $97.75. The company has a quick ratio of 1.50, a current ratio of 1.65 and a debt-to-equity ratio of 0.01. The company has a market cap of $1,142.89, a PE ratio of 20.60 and a beta of 1.34.
ePlus announced that its Board of Directors has approved a share repurchase plan on Friday, August 18th that allows the company to repurchase 500,000 shares. This repurchase authorization allows the software maker to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its shares are undervalued.
In other news, Director Bruce M. Bowen sold 400 shares of the company’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $82.57, for a total value of $33,028.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Elaine D. Marion sold 3,000 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $93.40, for a total transaction of $280,200.00. The disclosure for this sale can be found here. Insiders sold 23,000 shares of company stock valued at $2,051,420 over the last ninety days. Corporate insiders own 3.25% of the company’s stock.
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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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