ePlus (NASDAQ:PLUS) Stock Rating Lowered by Wall Street Zen

ePlus (NASDAQ:PLUS) was downgraded by investment analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report released on Friday.

PLUS has been the subject of several other research reports. Zacks Research lowered ePlus from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 6th. Weiss Ratings reiterated a “hold (c+)” rating on shares of ePlus in a report on Wednesday, October 8th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, ePlus presently has an average rating of “Hold”.

ePlus Stock Down 2.1%

Shares of PLUS stock opened at $87.21 on Friday. The stock has a fifty day moving average of $88.87 and a 200 day moving average of $78.08. ePlus has a 52 week low of $53.83 and a 52 week high of $93.98. The firm has a market capitalization of $2.31 billion, a price-to-earnings ratio of 18.92, a PEG ratio of 1.16 and a beta of 1.02.

ePlus (NASDAQ:PLUS) last announced its earnings results on Thursday, November 6th. The software maker reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.58. ePlus had a net margin of 5.40% and a return on equity of 11.44%. The firm had revenue of $608.83 million for the quarter, compared to analyst estimates of $518.30 million. Equities research analysts anticipate that ePlus will post 3.78 earnings per share for the current year.

Insider Buying and Selling

In other news, Director John E. Callies sold 560 shares of the stock in a transaction on Monday, December 8th. The stock was sold at an average price of $90.03, for a total value of $50,416.80. Following the sale, the director directly owned 21,428 shares of the company’s stock, valued at approximately $1,929,162.84. This represents a 2.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.93% of the company’s stock.

Hedge Funds Weigh In On ePlus

Hedge funds have recently bought and sold shares of the company. Meeder Asset Management Inc. bought a new stake in ePlus during the 3rd quarter valued at about $29,000. Strengthening Families & Communities LLC purchased a new stake in shares of ePlus during the third quarter valued at approximately $31,000. Farther Finance Advisors LLC grew its holdings in shares of ePlus by 47.8% during the third quarter. Farther Finance Advisors LLC now owns 439 shares of the software maker’s stock valued at $31,000 after buying an additional 142 shares during the last quarter. Osaic Holdings Inc. increased its position in shares of ePlus by 361.9% during the second quarter. Osaic Holdings Inc. now owns 448 shares of the software maker’s stock valued at $32,000 after acquiring an additional 351 shares in the last quarter. Finally, Quaker Wealth Management LLC raised its holdings in ePlus by 200.0% in the 2nd quarter. Quaker Wealth Management LLC now owns 525 shares of the software maker’s stock worth $38,000 after acquiring an additional 1,050 shares during the last quarter. Institutional investors own 93.80% of the company’s stock.

ePlus Company Profile

ePlus Inc (NASDAQ:PLUS) is a technology solutions provider that helps enterprises and public-sector organizations maximize the value of their information technology investments. The company specializes in designing, implementing and managing complex IT infrastructures, with a focus on security, cloud computing, data center modernization and unified communications. By combining consulting services with software license management and hardware procurement, ePlus delivers end-to-end solutions that align with its clients’ strategic objectives.

The company’s offerings include cybersecurity assessments and managed security services, hybrid and public cloud deployments, network architecture and optimization, and collaboration platforms.