ePlus (NASDAQ:PLUS) Stock Rating Lowered by StockNews.com

ePlus (NASDAQ:PLUS) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.

ePlus Price Performance

PLUS stock opened at $78.62 on Friday. ePlus has a one year low of $56.33 and a one year high of $106.98. The firm has a 50-day moving average of $95.08 and a two-hundred day moving average of $86.03. The firm has a market capitalization of $2.11 billion, a PE ratio of 19.51, a P/E/G ratio of 1.71 and a beta of 1.13. The company has a current ratio of 1.85, a quick ratio of 1.87 and a debt-to-equity ratio of 0.01.

Insider Activity at ePlus

In other ePlus news, CFO Elaine D. Marion sold 5,000 shares of ePlus stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $92.19, for a total transaction of $460,950.00. Following the transaction, the chief financial officer now owns 64,442 shares of the company’s stock, valued at $5,940,907.98. The trade was a 7.20 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.02% of the stock is owned by insiders.

Institutional Trading of ePlus

Hedge funds have recently made changes to their positions in the stock. FMR LLC increased its stake in ePlus by 70.9% in the 3rd quarter. FMR LLC now owns 1,117,812 shares of the software maker’s stock valued at $109,926,000 after buying an additional 463,621 shares during the period. Millennium Management LLC grew its holdings in shares of ePlus by 4,036.0% during the 2nd quarter. Millennium Management LLC now owns 251,430 shares of the software maker’s stock valued at $18,525,000 after acquiring an additional 245,351 shares in the last quarter. Pacer Advisors Inc. increased its stake in shares of ePlus by 19.8% in the third quarter. Pacer Advisors Inc. now owns 1,387,899 shares of the software maker’s stock worth $136,486,000 after acquiring an additional 229,837 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of ePlus by 75.5% during the second quarter. American Century Companies Inc. now owns 487,069 shares of the software maker’s stock worth $35,887,000 after acquiring an additional 209,511 shares in the last quarter. Finally, Swedbank AB acquired a new stake in ePlus during the first quarter valued at $15,315,000. 93.80% of the stock is owned by hedge funds and other institutional investors.

ePlus Company Profile

ePlus inc., together with its subsidiaries, provides information technology (IT) solutions that enable organizations to optimize their IT environment and supply chain processes in the United States and internationally. It operates through two segments, Technology and Financing. The Technology segment offers hardware, perpetual and subscription software, maintenance, software assurance, and internally provided and outsourced services; managed services or infrastructure and cloud; and enhanced maintenance support, service desk, storage-as-a-service, cloud hosted and managed, and managed security services; and professional, staff augmentation, cloud consulting, consulting, and security services.