ePlus (NASDAQ:PLUS) Given Media Impact Score of 0.17
News articles about ePlus (NASDAQ:PLUS) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies negative and positive press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. ePlus earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned media coverage about the software maker an impact score of 45.7669837815108 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Several analysts recently commented on the company. Zacks Investment Research cut ePlus from a “buy” rating to a “hold” rating in a report on Friday, August 18th. BidaskClub cut ePlus from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 9th. Stifel Nicolaus restated a “hold” rating and issued a $75.00 price objective on shares of ePlus in a report on Tuesday, September 12th. Finally, ValuEngine cut ePlus from a “buy” rating to a “hold” rating in a report 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 stock currently has an average rating of “Hold” and an average target price of $45.80.
ePlus (PLUS) traded down 0.31% during trading on Friday, reaching $95.95. The company had a trading volume of 45,854 shares. The company has a 50-day moving average price of $87.24 and a 200 day moving average price of $80.00. The company has a market capitalization of $1.36 billion, a price-to-earnings ratio of 25.16 and a beta of 1.40. ePlus has a one year low of $63.76 and a one year high of $141.00.
ePlus announced that its board has initiated a share buyback 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 typically an indication that the company’s leadership believes its shares are undervalued.
In other ePlus news, Director Bruce M. Bowen sold 400 shares of the stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $82.57, for a total transaction of $33,028.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director C Thomas Faulders III sold 5,214 shares of the stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $85.43, for a total transaction of $445,432.02. The disclosure for this sale can be found here. In the last three months, insiders sold 29,214 shares of company stock worth $2,580,002. Insiders own 3.25% of the company’s stock.
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ePlus 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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