The stock of ePlus Inc. (NASDAQ:PLUS) hit a new 52-week high and has $134.56 target or 25.00% above today’s $107.65 share price. The 8 months bullish chart indicates low risk for the $768.73M company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $134.56 price target is reached, the company will be worth $192.18M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 17,230 shares traded hands. ePlus Inc. (NASDAQ:PLUS) has risen 29.88% since April 19, 2016 and is uptrending. It has outperformed by 26.02% the S&P500.
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. On Friday, August 7 the stock rating was upgraded by Zacks to “Sell”. The rating was maintained by Sidoti on Thursday, May 26 with “Buy”. On Tuesday, January 5 the stock rating was reinitiated by Canaccord Genuity with “Buy”. Sidoti downgraded the shares of PLUS in a report on Monday, October 12 to “Neutral” rating. The company was downgraded on Friday, October 30 by Stifel Nicolaus. The stock of ePlus Inc. (NASDAQ:PLUS) has “Neutral” rating given on Tuesday, November 15 by Sidoti. The firm has “Buy” rating by Canaccord Genuity given on Thursday, November 5. The firm has “Neutral” rating given on Friday, October 9 by Sidoti.
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 is positive, 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.
Federated Pa reported 141,494 shares or 0.03% of all its holdings. Camarda Financial Advsr Ltd Liability Corp last reported 0.82% of its portfolio in the stock. Ls Investment Lc reported 194 shares or 0% of all its holdings. Bnp Paribas Arbitrage has 0% invested in the company for 1,761 shares. Ativo Mgmt Ltd Company last reported 10,703 shares in the company. Great West Life Assurance Communications Can holds 0% or 1,100 shares in its portfolio. Thrivent For Lutherans, a Minnesota-based fund reported 2,740 shares. Ellington Management Grp Limited Liability Company accumulated 2,700 shares or 0.31% of the stock. Paloma Prtn Mgmt Com, a Connecticut-based fund reported 2,812 shares. Brandywine Glob Inv Limited Liability Corporation accumulated 0% or 4,100 shares. Metropolitan Life Insurance reported 4,163 shares or 0% of all its holdings. Goldman Sachs Grp Inc has 7,159 shares for 0% of their US portfolio. The New Jersey-based Landscape Capital Ltd Liability Com has invested 0.05% in ePlus Inc. (NASDAQ:PLUS). D E Shaw Communication Inc, a New York-based fund reported 25,042 shares. Tower Limited Liability Company (Trc) holds 832 shares or 0.01% of its portfolio.
Insider Transactions: Since July 8, 2016, the stock had 0 insider buys, and 15 sales for $20.97 million net activity. 1,500 shares with value of $143,625 were sold by ODONNELL TERRENCE on Tuesday, November 8. $3.60 million worth of ePlus Inc. (NASDAQ:PLUS) was sold by HOVDE ERIC D. 3,500 ePlus Inc. (NASDAQ:PLUS) shares with value of $321,395 were sold by Marion Elaine D. Another trade for 51,832 shares valued at $4.69 million was made by NORTON PHILLIP G on Thursday, September 22. On Friday, September 30 the insider BOWEN BRUCE M sold $484,500.
More news for ePlus Inc. (NASDAQ:PLUS) were recently published by: Marketwatch.com, which released: “EPlus downgraded to hold from buy at Stifel Nicolaus” on October 18, 2010. Streetinsider.com‘s article titled: “Form 4 EPLUS INC For: Nov 16 Filed by: HOVDE ERIC D” and published on November 18, 2016 is yet another important article.
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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