BidaskClub downgraded shares of ePlus (NASDAQ:PLUS) from a buy rating to a hold rating in a report released on Saturday morning.
A number of other brokerages have also recently weighed in on PLUS. Stifel Nicolaus reaffirmed a hold rating and issued a $75.00 price objective on shares of ePlus in a research note on Tuesday, October 17th. Zacks Investment Research cut ePlus from a buy rating to a hold rating in a research note on Wednesday, October 4th. Finally, ValuEngine cut ePlus from a buy rating to a hold rating in a research note on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of $58.77.
Shares of ePlus (NASDAQ PLUS) opened at $75.30 on Friday. ePlus has a one year low of $54.28 and a one year high of $97.75. The company has a quick ratio of 1.50, a current ratio of 1.65 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $1,067.11, a price-to-earnings ratio of 19.23 and a beta of 1.28.
In related news, Director John E. Callies sold 1,200 shares of the business’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $80.35, for a total transaction of $96,420.00. Following the completion of the transaction, the director now directly owns 11,154 shares of the company’s stock, valued at approximately $896,223.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Mark P. Marron sold 10,000 shares of the business’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $93.40, for a total value of $934,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 23,800 shares of company stock valued at $2,114,812 over the last three months. 3.25% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in PLUS. 1st Global Advisors Inc. lifted its holdings in ePlus by 1.2% during the 2nd quarter. 1st Global Advisors Inc. now owns 5,178 shares of the software maker’s stock worth $384,000 after buying an additional 62 shares during the last quarter. Teachers Advisors LLC lifted its holdings in ePlus by 4.2% during the 1st quarter. Teachers Advisors LLC now owns 10,740 shares of the software maker’s stock worth $1,450,000 after buying an additional 431 shares during the last quarter. Bank of Montreal Can lifted its holdings in ePlus by 74.2% during the 2nd quarter. Bank of Montreal Can now owns 1,606 shares of the software maker’s stock worth $119,000 after buying an additional 684 shares during the last quarter. American International Group Inc. lifted its holdings in ePlus by 7.0% during the 3rd quarter. American International Group Inc. now owns 10,527 shares of the software maker’s stock worth $973,000 after buying an additional 687 shares during the last quarter. Finally, Sei Investments Co. lifted its holdings in ePlus by 169.6% during the 2nd quarter. Sei Investments Co. now owns 1,386 shares of the software maker’s stock worth $103,000 after buying an additional 872 shares during the last quarter. 89.72% of the stock is owned by hedge funds and other institutional investors.
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ePlus Company Profile
ePlus inc. is a holding company. The Company is engaged in the business of selling, leasing, financing and managing information technology. It operates through two segments: technology and financing. The technology segment sells information technology (IT) hardware products, third-party software and maintenance contracts, its own and third-party professional and managed services, and its software.
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