ePlus (NASDAQ:PLUS) Stock Rating Lowered by Zacks Research

ePlus (NASDAQ:PLUS) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

Other research analysts also recently issued research reports about the stock. Weiss Ratings downgraded shares of ePlus from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, April 13th. Wall Street Zen downgraded shares of ePlus from a “buy” rating to a “hold” rating in a research report on Saturday, March 28th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold”.

ePlus Price Performance

Shares of PLUS opened at $82.95 on Tuesday. The firm has a 50-day moving average of $80.86 and a 200-day moving average of $84.18. ePlus has a one year low of $62.11 and a one year high of $93.98. The company has a market cap of $2.19 billion, a PE ratio of 16.49, a price-to-earnings-growth ratio of 0.89 and a beta of 1.04.

Insider Activity

In other news, COO Darren S. Raiguel sold 1,000 shares of the firm’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $89.95, for a total transaction of $89,950.00. Following the completion of the sale, the chief operating officer owned 55,748 shares in the company, valued at approximately $5,014,532.60. This trade represents a 1.76% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In the last ninety days, insiders have sold 1,289 shares of company stock worth $115,757. Company insiders own 1.93% of the company’s stock.

Institutional Trading of ePlus

A number of hedge funds have recently modified their holdings of PLUS. Amundi lifted its stake in shares of ePlus by 333.0% during the 1st quarter. Amundi now owns 5,361 shares of the software maker’s stock worth $313,000 after buying an additional 4,123 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of ePlus by 20.4% during the 1st quarter. AQR Capital Management LLC now owns 45,612 shares of the software maker’s stock worth $2,784,000 after buying an additional 7,742 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of ePlus by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,666 shares of the software maker’s stock worth $956,000 after buying an additional 687 shares during the last quarter. Millennium Management LLC lifted its stake in shares of ePlus by 103.1% during the 1st quarter. Millennium Management LLC now owns 226,399 shares of the software maker’s stock worth $13,817,000 after buying an additional 114,900 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its stake in shares of ePlus by 628.3% during the 1st quarter. Jones Financial Companies Lllp now owns 3,066 shares of the software maker’s stock worth $187,000 after buying an additional 2,645 shares during the last quarter. Institutional investors and hedge funds own 93.80% of the company’s stock.

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.