ePlus (NASDAQ:PLUS) Downgraded by StockNews.com

ePlus (NASDAQ:PLUSGet Rating) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday.

Separately, Zacks Investment Research downgraded ePlus from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 6th.

Shares of NASDAQ PLUS opened at $56.46 on Tuesday. The stock has a market cap of $1.52 billion, a P/E ratio of 15.66 and a beta of 1.24. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.69 and a quick ratio of 1.43. The business’s 50-day simple moving average is $54.92. ePlus has a 1 year low of $42.00 and a 1 year high of $69.74.

Several institutional investors have recently bought and sold shares of PLUS. Lazard Asset Management LLC purchased a new stake in shares of ePlus in the 4th quarter valued at about $31,000. New Century Advisors LLC lifted its holdings in shares of ePlus by 161.9% in the 1st quarter. New Century Advisors LLC now owns 736 shares of the software maker’s stock valued at $41,000 after purchasing an additional 455 shares during the last quarter. Covestor Ltd purchased a new stake in shares of ePlus in the 4th quarter valued at about $44,000. Advisor Group Holdings Inc. lifted its holdings in shares of ePlus by 28.3% in the 3rd quarter. Advisor Group Holdings Inc. now owns 463 shares of the software maker’s stock valued at $48,000 after purchasing an additional 102 shares during the last quarter. Finally, AdvisorNet Financial Inc lifted its holdings in shares of ePlus by 100.0% in the 4th quarter. AdvisorNet Financial Inc now owns 928 shares of the software maker’s stock valued at $50,000 after purchasing an additional 464 shares during the last quarter. 92.04% of the stock is owned by institutional investors and hedge funds.

About ePlus (Get Rating)

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 in two segments, Technology and Financing. The Technology segment offers hardware, perpetual and subscription software, maintenance, software assurance, and internally provided and outsourced services; and professional and managed services, including ePlus managed, professional, security, ePlus cloud consulting, staff augmentation, server and desktop support, and project management services.

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