ePlus (NASDAQ:PLUS) Stock Rating Lowered by Wall Street Zen

ePlus (NASDAQ:PLUS) was downgraded by stock analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Friday.

Other research analysts also recently issued research reports about the stock. Weiss Ratings restated a “hold (c+)” rating on shares of ePlus in a research report on Wednesday, October 8th. Zacks Research lowered shares of ePlus from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 6th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold”.

ePlus Price Performance

ePlus stock opened at $87.21 on Friday. ePlus has a one year low of $53.83 and a one year high of $93.98. The business’s fifty day moving average is $88.87 and its 200 day moving average is $78.08. The stock has a market capitalization of $2.31 billion, a PE ratio of 18.92, a price-to-earnings-growth ratio of 1.16 and a beta of 1.02.

ePlus (NASDAQ:PLUS) last issued its earnings results on Thursday, November 6th. The software maker reported $1.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.58. The business had revenue of $608.83 million during the quarter, compared to analyst estimates of $518.30 million. ePlus had a return on equity of 11.44% and a net margin of 5.40%. As a group, sell-side analysts expect that ePlus will post 3.78 EPS for the current fiscal year.

Insider Buying and Selling at ePlus

In other news, Director John E. Callies sold 560 shares of the business’s stock in a transaction on Monday, December 8th. The shares were sold at an average price of $90.03, for a total transaction of $50,416.80. Following the completion of the sale, the director owned 21,428 shares of the company’s stock, valued at $1,929,162.84. The trade was a 2.55% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.93% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On ePlus

Institutional investors and hedge funds have recently bought and sold shares of the stock. Assetmark Inc. grew its holdings in ePlus by 5.8% during the fourth quarter. Assetmark Inc. now owns 23,580 shares of the software maker’s stock valued at $2,068,000 after purchasing an additional 1,285 shares during the period. Choreo LLC purchased a new position in shares of ePlus during the 4th quarter valued at about $210,000. Azzad Asset Management Inc. ADV grew its stake in shares of ePlus by 85.9% during the 4th quarter. Azzad Asset Management Inc. ADV now owns 11,201 shares of the software maker’s stock valued at $982,000 after acquiring an additional 5,177 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in ePlus by 63.7% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 51,815 shares of the software maker’s stock worth $4,489,000 after acquiring an additional 20,163 shares in the last quarter. Finally, Chatham Capital Group Inc. raised its stake in ePlus by 2.8% during the 4th quarter. Chatham Capital Group Inc. now owns 44,922 shares of the software maker’s stock worth $3,940,000 after acquiring an additional 1,240 shares during the period. 93.80% of the stock is currently owned by hedge funds and other institutional investors.

ePlus Company Profile

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.