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

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

A number of other research firms have also recently commented on PLUS. Weiss Ratings cut shares of ePlus from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, March 10th. Zacks Research lowered shares of ePlus from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 6th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, ePlus currently has a consensus rating of “Hold”.

ePlus Stock Performance

NASDAQ:PLUS opened at $74.86 on Friday. The stock has a 50-day simple moving average of $81.33 and a two-hundred day simple moving average of $81.55. The firm has a market capitalization of $1.98 billion, a PE ratio of 14.88, a P/E/G ratio of 0.90 and a beta of 1.00. ePlus has a 52-week low of $53.83 and a 52-week high of $93.98.

ePlus (NASDAQ:PLUS) last posted its quarterly earnings data on Wednesday, February 4th. The software maker reported $1.45 EPS for the quarter, topping the consensus estimate of $1.01 by $0.44. The firm had revenue of $614.77 million for the quarter, compared to the consensus estimate of $529.60 million. ePlus had a return on equity of 12.06% and a net margin of 5.63%. Equities analysts forecast that ePlus will post 3.78 earnings per share for the current fiscal year.

Insider Transactions at ePlus

In other ePlus news, COO Darren S. Raiguel sold 311 shares of the stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $88.69, for a total transaction of $27,582.59. Following the completion of the transaction, the chief operating officer owned 57,037 shares in the company, valued at $5,058,611.53. This trade represents a 0.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.93% of the stock is currently owned by insiders.

Institutional Investors Weigh In On ePlus

Several large investors have recently added to or reduced their stakes in the stock. Medina Value Partners LLC bought a new position in shares of ePlus during the 3rd quarter valued at approximately $2,730,000. Public Sector Pension Investment Board increased its stake in ePlus by 14.8% in the 3rd quarter. Public Sector Pension Investment Board now owns 102,884 shares of the software maker’s stock worth $7,306,000 after buying an additional 13,225 shares during the period. Elo Mutual Pension Insurance Co purchased a new position in shares of ePlus during the third quarter worth approximately $1,161,000. Cresset Asset Management LLC increased its holdings in ePlus by 50.3% during the 2nd quarter. Cresset Asset Management LLC now owns 27,483 shares of the software maker’s stock worth $1,982,000 after purchasing an additional 9,198 shares during the period. Finally, Andra AP fonden raised its holdings in shares of ePlus by 285.4% in the third quarter. Andra AP fonden now owns 17,730 shares of the software maker’s stock valued at $1,259,000 after acquiring an additional 13,130 shares in the last quarter. 93.80% of the stock is owned by 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.