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

StockNews.com lowered shares of ePlus (NASDAQ:PLUS) from a buy rating to a hold rating in a research note released on Friday morning.

ePlus Trading Down 2.3 %

Shares of ePlus stock traded down $1.85 on Friday, hitting $78.62. The stock had a trading volume of 172,583 shares, compared to its average volume of 189,167. The firm has a market capitalization of $2.11 billion, a P/E ratio of 19.51, a PEG ratio of 1.71 and a beta of 1.13. The stock has a 50 day moving average of $95.08 and a 200 day moving average of $86.03. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.87 and a current ratio of 1.85. ePlus has a twelve month low of $56.33 and a twelve month high of $106.98.

Insider Activity at ePlus

In other ePlus news, CFO Elaine D. Marion sold 5,000 shares of ePlus stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $92.19, for a total value of $460,950.00. Following the completion of the sale, the chief financial officer now directly owns 64,442 shares in the company, valued at approximately $5,940,907.98. The trade was a 7.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.02% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On ePlus

A number of institutional investors and hedge funds have recently made changes to their positions in PLUS. Janus Henderson Group PLC raised its holdings in ePlus by 68.0% during the first quarter. Janus Henderson Group PLC now owns 64,597 shares of the software maker’s stock worth $5,073,000 after buying an additional 26,143 shares during the last quarter. Boston Partners bought a new stake in shares of ePlus in the 1st quarter worth $649,000. CANADA LIFE ASSURANCE Co boosted its holdings in ePlus by 25.1% during the first quarter. CANADA LIFE ASSURANCE Co now owns 27,490 shares of the software maker’s stock worth $2,157,000 after purchasing an additional 5,508 shares during the last quarter. Quest Partners LLC lifted its position in shares of ePlus by 175.7% during the 2nd quarter. Quest Partners LLC now owns 10,902 shares of the software maker’s stock worth $803,000 after buying an additional 6,948 shares in the last quarter. Finally, Argent Capital Management LLC grew its stake in ePlus by 60.9% in the 2nd quarter. Argent Capital Management LLC now owns 12,683 shares of the software maker’s stock valued at $934,000 after purchasing an additional 4,802 shares during the period. Institutional investors own 93.80% of the company’s stock.

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.