ePlus (NASDAQ:PLUS) Upgraded to Buy at Wall Street Zen

ePlus (NASDAQ:PLUS) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Sunday.

Separately, Zacks Research upgraded shares of ePlus from a “strong sell” rating to a “hold” rating in a research report on Monday, August 25th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold”.

ePlus Stock Down 0.5%

Shares of PLUS stock opened at $74.08 on Friday. The firm has a 50 day moving average price of $70.23 and a two-hundred day moving average price of $67.35. The company has a market capitalization of $1.97 billion, a PE ratio of 16.61, a price-to-earnings-growth ratio of 2.23 and a beta of 1.17. ePlus has a 12-month low of $53.83 and a 12-month high of $106.98.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Quarry LP increased its stake in ePlus by 33.6% in the first quarter. Quarry LP now owns 632 shares of the software maker’s stock valued at $39,000 after acquiring an additional 159 shares during the last quarter. Vista Finance LLC grew its stake in shares of ePlus by 4.1% during the second quarter. Vista Finance LLC now owns 4,794 shares of the software maker’s stock worth $346,000 after buying an additional 188 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in shares of ePlus by 19.6% during the second quarter. Nisa Investment Advisors LLC now owns 1,282 shares of the software maker’s stock worth $92,000 after buying an additional 210 shares during the last quarter. Cascade Investment Advisors Inc. grew its stake in shares of ePlus by 1.6% during the first quarter. Cascade Investment Advisors Inc. now owns 16,264 shares of the software maker’s stock worth $993,000 after buying an additional 260 shares during the last quarter. Finally, Lazard Asset Management LLC grew its stake in shares of ePlus by 0.8% during the second quarter. Lazard Asset Management LLC now owns 31,946 shares of the software maker’s stock worth $2,303,000 after buying an additional 266 shares during the last quarter. 93.80% of the stock is owned by institutional investors.

About ePlus

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.