ePlus (NASDAQ:PLUS) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a report released on Thursday, January 4th.
According to Zacks, “ePlus inc. is a leading provider of technology solutions. ePlus enables organizations to optimize their IT infrastructure and supply chain processes by delivering world-class IT products from top manufacturers, professional services, flexible lease financing, proprietary software, and patented business methods. With the highest certifications from top technology partners and expertise in key technologies from data center to security, cloud, and collaboration, ePlus transforms IT from a cost center to a business enabler. “
A number of other equities analysts have also commented on PLUS. Stifel Nicolaus reissued a “hold” rating and set a $75.00 price target on shares of ePlus in a research note on Tuesday, September 12th. BidaskClub downgraded ePlus from a “buy” rating to a “hold” rating in a research report on Saturday, December 9th.
ePlus (NASDAQ:PLUS) opened at $76.75 on Thursday. ePlus has a one year low of $54.28 and a one year high of $97.75. The company has a market capitalization of $1,090.00, a P/E ratio of 19.99 and a beta of 1.28. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.50 and a current ratio of 1.65.
In other news, Director John E. Callies sold 1,200 shares of the stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $80.35, for a total value of $96,420.00. Following the sale, the director now directly owns 11,154 shares in the company, valued at $896,223.90. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 3.25% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sei Investments Co. increased its holdings in ePlus by 169.6% during the 2nd quarter. Sei Investments Co. now owns 1,386 shares of the software maker’s stock worth $103,000 after purchasing an additional 872 shares during the period. Bank of Montreal Can increased its holdings in ePlus by 74.2% during the 2nd quarter. Bank of Montreal Can now owns 1,606 shares of the software maker’s stock worth $119,000 after purchasing an additional 684 shares during the period. Pinebridge Investments L.P. increased its holdings in ePlus by 102.0% during the 2nd quarter. Pinebridge Investments L.P. now owns 1,735 shares of the software maker’s stock worth $128,000 after purchasing an additional 876 shares during the period. Capital Fund Management S.A. purchased a new position in ePlus during the 2nd quarter worth $207,000. Finally, Piedmont Investment Advisors LLC purchased a new position in ePlus during the 2nd quarter worth $213,000. Institutional investors own 89.72% 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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