Sidoti Equities Analysts Lower Earnings Estimates for ePlus

ePlus inc. (NASDAQ:PLUS) – Analysts at Sidoti dropped their Q2 2027 earnings estimates for ePlus in a report released on Wednesday, August 5th. Sidoti analyst G. Burns now anticipates that the software maker will post earnings of $1.24 per share for the quarter, down from their previous forecast of $1.40. The consensus estimate for ePlus’ current full-year earnings is $4.66 per share. Sidoti also issued estimates for ePlus’ Q4 2027 earnings at $1.08 EPS.

Several other analysts have also recently issued reports on PLUS. Zacks Research raised ePlus from a “strong sell” rating to a “hold” rating in a report on Friday, July 31st. Weiss Ratings restated a “hold (c+)” rating on shares of ePlus in a research report on Friday, July 10th. Two analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold”.

ePlus Trading Up 0.8%

Shares of PLUS opened at $90.26 on Tuesday. ePlus has a 12-month low of $68.07 and a 12-month high of $98.14. The company has a market capitalization of $2.35 billion, a PE ratio of 19.75, a price-to-earnings-growth ratio of 1.20 and a beta of 1.00. The business’s 50 day moving average is $85.78 and its 200 day moving average is $83.41.

ePlus (NASDAQ:PLUS) last announced its quarterly earnings data on Tuesday, August 4th. The software maker reported $1.28 EPS for the quarter, beating the consensus estimate of $1.19 by $0.09. The company had revenue of $649.11 million for the quarter, compared to the consensus estimate of $639.95 million. ePlus had a net margin of 4.91% and a return on equity of 11.51%.

ePlus Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Tuesday, August 25th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Tuesday, August 25th. This represents a $1.08 dividend on an annualized basis and a yield of 1.2%. ePlus’s payout ratio is presently 23.63%.

Insiders Place Their Bets

In other news, COO Darren S. Raiguel sold 1,935 shares of the firm’s stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $94.06, for a total value of $182,006.10. Following the transaction, the chief operating officer directly owned 69,236 shares of the company’s stock, valued at approximately $6,512,338.16. This trade represents a 2.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Elaine D. Marion sold 5,514 shares of the business’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $96.41, for a total value of $531,604.74. Following the transaction, the chief financial officer directly owned 84,259 shares in the company, valued at $8,123,410.19. This trade represents a 6.14% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 12,200 shares of company stock worth $1,166,253 over the last three months. 2.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On ePlus

A number of institutional investors and hedge funds have recently made changes to their positions in PLUS. Osaic Holdings Inc. grew its stake in shares of ePlus by 361.9% in the second quarter. Osaic Holdings Inc. now owns 448 shares of the software maker’s stock valued at $32,000 after buying an additional 351 shares in the last quarter. Kestra Advisory Services LLC purchased a new stake in ePlus during the 4th quarter worth approximately $108,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in ePlus during the 4th quarter worth approximately $138,000. US Bancorp DE grew its stake in shares of ePlus by 856.4% in the third quarter. US Bancorp DE now owns 1,731 shares of the software maker’s stock worth $123,000 after acquiring an additional 1,550 shares in the last quarter. Finally, Global Retirement Partners LLC acquired a new stake in shares of ePlus in the second quarter valued at $150,000. 93.80% of the stock is owned by hedge funds and other institutional investors.

About ePlus

ePlus Inc (NASDAQ:PLUS) is a technology solutions provider that helps enterprises and public-sector organizations maximize the value of their information technology investments. The company specializes in designing, implementing and managing complex IT infrastructures, with a focus on security, cloud computing, data center modernization and unified communications. By combining consulting services with software license management and hardware procurement, ePlus delivers end-to-end solutions that align with its clients’ strategic objectives.

The company’s offerings include cybersecurity assessments and managed security services, hybrid and public cloud deployments, network architecture and optimization, and collaboration platforms.