ePlus (NASDAQ:PLUS) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.

Several other research analysts have also recently weighed in on the company. Stifel Nicolaus reaffirmed a “hold” rating and set a $75.00 price objective on shares of ePlus in a research report on Tuesday, October 17th. Zacks Investment Research cut ePlus from a “buy” rating to a “hold” rating in a research report on Wednesday, October 4th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $58.77.

ePlus (PLUS) traded up $1.40 during trading hours on Friday, reaching $75.40. The company’s stock had a trading volume of 185,436 shares, compared to its average volume of 68,374. ePlus has a 1 year low of $54.28 and a 1 year high of $97.75. The company has a current ratio of 1.65, a quick ratio of 1.50 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $1,048.69, a PE ratio of 19.56 and a beta of 1.28.

In other news, Director John E. Callies sold 1,200 shares of the company’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $80.35, for a total transaction of $96,420.00. Following the completion of the transaction, the director now directly owns 11,154 shares of the company’s stock, valued at $896,223.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 3.25% of the stock is owned by corporate insiders.

Hedge funds have recently bought and sold shares of the company. Sei Investments Co. boosted its position in shares of ePlus by 169.6% during the second quarter. Sei Investments Co. now owns 1,386 shares of the software maker’s stock worth $103,000 after buying an additional 872 shares during the period. Bank of Montreal Can raised its holdings in ePlus by 74.2% during the second quarter. Bank of Montreal Can now owns 1,606 shares of the software maker’s stock worth $119,000 after acquiring an additional 684 shares in the last quarter. Pinebridge Investments L.P. raised its holdings in ePlus by 102.0% during the second quarter. Pinebridge Investments L.P. now owns 1,735 shares of the software maker’s stock worth $128,000 after acquiring an additional 876 shares in the last quarter. Capital Fund Management S.A. bought a new stake in ePlus during the second quarter worth about $207,000. Finally, Piedmont Investment Advisors LLC bought a new stake in ePlus during the second quarter worth about $213,000. 89.72% of the stock is owned by institutional investors.

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About ePlus

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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