ePlus (NASDAQ:PLUS) Downgraded by StockNews.com to “Hold”

StockNews.com downgraded shares of ePlus (NASDAQ:PLUS) from a buy rating to a hold rating in a research report report published on Friday morning.

ePlus Stock Up 1.1 %

Shares of PLUS opened at $79.51 on Friday. 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 52 week low of $56.33 and a 52 week high of $106.98. The stock has a market capitalization of $2.13 billion, a price-to-earnings ratio of 19.51, a PEG ratio of 1.68 and a beta of 1.13. The stock has a fifty day moving average of $95.08 and a 200-day moving average of $86.16.

Insider Activity

In other ePlus news, CFO Elaine D. Marion sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $92.19, for a total value of $460,950.00. Following the completion of the transaction, the chief financial officer now directly owns 64,442 shares in the company, valued at approximately $5,940,907.98. This represents a 7.20 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 2.02% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Arizona State Retirement System grew its holdings in ePlus by 1.9% in the second quarter. Arizona State Retirement System now owns 7,546 shares of the software maker’s stock worth $556,000 after purchasing an additional 144 shares during the period. Inspire Investing LLC grew its stake in shares of ePlus by 3.2% in the 2nd quarter. Inspire Investing LLC now owns 5,353 shares of the software maker’s stock valued at $394,000 after buying an additional 168 shares during the period. Louisiana State Employees Retirement System increased its position in ePlus by 1.5% in the 2nd quarter. Louisiana State Employees Retirement System now owns 13,400 shares of the software maker’s stock valued at $987,000 after buying an additional 200 shares in the last quarter. SummerHaven Investment Management LLC raised its stake in ePlus by 1.6% during the 2nd quarter. SummerHaven Investment Management LLC now owns 13,020 shares of the software maker’s stock worth $959,000 after buying an additional 203 shares during the period. Finally, GAMMA Investing LLC raised its stake in ePlus by 203.2% during the 3rd quarter. GAMMA Investing LLC now owns 376 shares of the software maker’s stock worth $37,000 after buying an additional 252 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.