Berenberg Bank lowered shares of ePlus (NASDAQ:PLUS) from a buy rating to a hold rating in a research note issued to investors on Wednesday morning, Briefing.com Automated Import reports.

Several other research firms also recently weighed in on PLUS. BidaskClub raised shares of ePlus from a buy rating to a strong-buy rating in a research note on Saturday, April 13th. Zacks Investment Research downgraded shares of ePlus from a hold rating to a sell rating in a research note on Wednesday, February 13th. Finally, ValuEngine raised shares of ePlus from a sell rating to a hold rating in a research note on Monday, February 4th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a strong buy rating to the company. ePlus has a consensus rating of Hold and an average price target of $99.50.

Shares of NASDAQ:PLUS opened at $70.66 on Wednesday. ePlus has a 1 year low of $65.52 and a 1 year high of $107.25. The company has a market cap of $983.34 million, a price-to-earnings ratio of 14.45 and a beta of 1.29. The company has a quick ratio of 1.55, a current ratio of 1.70 and a debt-to-equity ratio of 0.02.

ePlus (NASDAQ:PLUS) last posted its quarterly earnings results on Wednesday, May 22nd. The software maker reported $1.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.18. ePlus had a net margin of 4.60% and a return on equity of 16.81%. The firm had revenue of $325.43 million during the quarter, compared to the consensus estimate of $357.65 million. Analysts anticipate that ePlus will post 4.24 EPS for the current fiscal year.

In other news, CFO Elaine D. Marion sold 2,661 shares of ePlus stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $95.12, for a total transaction of $253,114.32. Following the completion of the sale, the chief financial officer now owns 64,006 shares of the company’s stock, valued at $6,088,250.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Elaine D. Marion sold 1,566 shares of ePlus stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $95.00, for a total transaction of $148,770.00. Following the sale, the chief financial officer now directly owns 62,440 shares of the company’s stock, valued at approximately $5,931,800. The disclosure for this sale can be found here. Insiders have sold 14,000 shares of company stock valued at $1,311,665 in the last ninety days. Insiders own 2.72% of the company’s stock.

Several institutional investors have recently bought and sold shares of PLUS. US Bancorp DE raised its stake in ePlus by 1,186.4% in the first quarter. US Bancorp DE now owns 566 shares of the software maker’s stock worth $50,000 after buying an additional 522 shares in the last quarter. Quantamental Technologies LLC bought a new position in ePlus in the first quarter worth approximately $62,000. One Wealth Advisors LLC bought a new position in ePlus in the first quarter worth approximately $64,000. Zions Bancorporation N.A. bought a new position in ePlus in the first quarter worth approximately $191,000. Finally, Everence Capital Management Inc. bought a new position in ePlus in the first quarter worth approximately $202,000. 91.39% of the stock is owned by hedge funds and other institutional investors.

ePlus Company Profile

ePlus inc., through its subsidiaries, provides information technology solutions that enable organizations to optimize their information technology (IT) environment and supply chain processes in the United States. It operates in two segments, Technology and Financing. The Technology segment offers hardware, software, maintenance, software assurance, and internally-provided and outsourced services; and advanced professional and managed services, including ePlus managed, professional, security, staff augmentation, server and desktop support, and project management services.

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