ePlus (NASDAQ:PLUS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Wednesday, Zacks.com reports.

According to Zacks, “ePlus inc. is a leading provider of technology solutions. ePlus enables organizations to optimize their IT infrastructure and supply chain processes by delivering world-class IT products from top manufacturers, professional services, flexible lease financing, proprietary software, and patented business methods. With the highest certifications from top technology partners and expertise in key technologies from data center to security, cloud, and collaboration, ePlus transforms IT from a cost center to a business enabler. “

A number of other analysts have also recently issued reports on the company. BidaskClub cut ePlus from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 1st. ValuEngine raised ePlus from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $99.00.

NASDAQ:PLUS opened at $91.42 on Wednesday. The stock has a market cap of $1.26 billion, a PE ratio of 21.66 and a beta of 1.29. ePlus has a 1 year low of $65.52 and a 1 year high of $107.25. The company has a quick ratio of 1.56, a current ratio of 1.70 and a debt-to-equity ratio of 0.02.

ePlus (NASDAQ:PLUS) last released its quarterly earnings data on Wednesday, February 6th. The software maker reported $1.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.98 by $0.12. The business had revenue of $345.66 million during the quarter, compared to analysts’ expectations of $340.40 million. ePlus had a return on equity of 16.64% and a net margin of 4.14%. As a group, research analysts forecast that ePlus will post 4.49 earnings per share for the current year.

In other ePlus news, CFO Elaine D. Marion sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $91.25, for a total transaction of $456,250.00. Following the completion of the sale, the chief financial officer now directly owns 66,967 shares of the company’s stock, valued at approximately $6,110,738.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Lawrence S. Herman sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, February 11th. The shares were sold at an average price of $83.16, for a total value of $83,160.00. The disclosure for this sale can be found here. 2.72% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. Bank of New York Mellon Corp raised its stake in ePlus by 0.8% in the third quarter. Bank of New York Mellon Corp now owns 196,594 shares of the software maker’s stock valued at $18,225,000 after purchasing an additional 1,642 shares in the last quarter. Martingale Asset Management L P purchased a new position in shares of ePlus during the third quarter worth approximately $677,000. BlackRock Inc. raised its stake in shares of ePlus by 2.3% during the third quarter. BlackRock Inc. now owns 1,933,633 shares of the software maker’s stock worth $179,247,000 after acquiring an additional 43,211 shares in the last quarter. Citadel Advisors LLC raised its stake in shares of ePlus by 22.2% during the third quarter. Citadel Advisors LLC now owns 25,854 shares of the software maker’s stock worth $2,396,000 after acquiring an additional 4,696 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new position in shares of ePlus during the third quarter worth approximately $445,000. 92.55% 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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