Stock Mover of The Day: What’s Next for ePlus Inc. After Reaching All-Time High?

Stock Mover of The Day: What's Next for ePlus Inc. After Reaching All Time High?

The stock of ePlus Inc. (NASDAQ:PLUS) reached all time high today, Nov, 24 and still has $114.48 target or 3.00% above today’s $111.15 share price. This indicates more upside for the $811.83 million company. This technical setup was reported by Barchart.com. If the $114.48 PT is reached, the company will be worth $24.35 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The stock decreased 0.09% or $0.1 on November 23, hitting $111.15. About 40,699 shares traded hands or 2.75% up from the average. ePlus Inc. (NASDAQ:PLUS) has risen 34.65% since April 22, 2016 and is uptrending. It has outperformed by 29.24% the S&P500.

Analysts await ePlus Inc. (NASDAQ:PLUS) to report earnings on February, 2. They expect $1.61 earnings per share, up 15.00% or $0.21 from last year’s $1.4 per share. PLUS’s profit will be $11.76 million for 17.26 P/E if the $1.61 EPS becomes a reality. After $2.47 actual earnings per share reported by ePlus Inc. for the previous quarter, Wall Street now forecasts -34.82% negative EPS growth.

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. The stock has “Neutral” rating given by Sidoti on Monday, October 12. Sidoti downgraded the stock to “Neutral” rating in Friday, October 9 report. As per Tuesday, November 15, the company rating was downgraded by Sidoti. The rating was upgraded by Zacks to “Sell” on Friday, August 7. Canaccord Genuity maintained ePlus Inc. (NASDAQ:PLUS) on Thursday, November 5 with “Buy” rating. The stock has “Hold” rating given by Stifel Nicolaus on Friday, October 30. The firm earned “Buy” rating on Thursday, May 26 by Sidoti. The firm has “Buy” rating given on Tuesday, January 5 by Canaccord Genuity.

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 2016 Q2. 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.
Wedge Capital Mgmt L L P Nc has 0.01% invested in the company for 12,600 shares. Panagora Asset reported 2,328 shares or 0% of all its holdings. Moreover, Palo Capital has 0.08% invested in ePlus Inc. (NASDAQ:PLUS) for 2,804 shares. Walleye Trading Limited Liability Company has invested 0% of its portfolio in ePlus Inc. (NASDAQ:PLUS). Covey Cap Limited Liability Company owns 4,000 shares or 0.18% of their US portfolio. Moreover, Dimensional Fund Advsrs Lp has 0.03% invested in ePlus Inc. (NASDAQ:PLUS) for 630,616 shares. Perkins Mgmt has 2.07% invested in the company for 22,100 shares. Lpl Fin Ltd reported 5,718 shares or 0% of all its holdings. Grandeur Peak Glob Ltd Liability Company owns 13,978 shares or 0.23% of their US portfolio. Thomson Horstmann & Bryant owns 166,795 shares or 1.77% of their US portfolio. Lsv Asset reported 234,531 shares or 0.04% of all its holdings. First Mercantile Tru Co owns 5,697 shares or 0.06% of their US portfolio. Blackrock Gp last reported 0% of its portfolio in the stock. Pub Sector Pension Invest Board holds 4,100 shares or 0% of its portfolio. The California-based Clarivest Asset Mngmt Ltd Liability Corporation has invested 0.03% in ePlus Inc. (NASDAQ:PLUS).

Insider Transactions: Since July 8, 2016, the stock had 0 insider purchases, and 19 insider sales for $23.54 million net activity. NORTON PHILLIP G sold $3.87 million worth of stock. 13,098 shares with value of $1.43M were sold by HOVDE ERIC D on Monday, November 21. The insider BOWEN BRUCE M sold 1,151 shares worth $120,929. 474 shares were sold by Herman Lawrence S, worth $51,844 on Tuesday, November 22. $143,625 worth of shares were sold by ODONNELL TERRENCE on Tuesday, November 8. Marion Elaine D also sold $300,284 worth of ePlus Inc. (NASDAQ:PLUS) shares.

Another recent and important ePlus Inc. (NASDAQ:PLUS) news was published by Streetinsider.com which published an article titled: “Form 4 EPLUS INC For: Nov 16 Filed by: HOVDE ERIC D” on November 18, 2016.

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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