ePlus (NASDAQ:PLUS) Stock Passes Below Two Hundred Day Moving Average – What’s Next?

ePlus inc. (NASDAQ:PLUS) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $84.10 and traded as low as $81.29. ePlus shares last traded at $81.94, with a volume of 119,261 shares changing hands.

Analysts Set New Price Targets

PLUS has been the topic of a number of recent research reports. Zacks Research raised ePlus from a “hold” rating to a “strong-buy” rating in a report on Monday, April 6th. Weiss Ratings downgraded ePlus from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, April 13th. Finally, Wall Street Zen downgraded ePlus from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, ePlus presently has an average rating of “Buy”.

ePlus Trading Down 0.6%

The firm has a fifty day simple moving average of $80.75 and a 200-day simple moving average of $84.10. The stock has a market cap of $2.16 billion, a price-to-earnings ratio of 16.29, a P/E/G ratio of 0.90 and a beta of 1.04.

Insider Transactions at ePlus

In other ePlus news, COO Darren S. Raiguel sold 1,000 shares of the company’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $89.95, for a total transaction of $89,950.00. Following the transaction, the chief operating officer owned 55,748 shares of the company’s stock, valued at approximately $5,014,532.60. This represents a 1.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, insiders sold 1,289 shares of company stock worth $115,757. 1.93% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in ePlus by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 2,453,215 shares of the software maker’s stock worth $215,147,000 after buying an additional 8,146 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of ePlus by 3.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,310,378 shares of the software maker’s stock valued at $98,604,000 after acquiring an additional 48,158 shares during the last quarter. State Street Corp raised its position in shares of ePlus by 0.9% during the 2nd quarter. State Street Corp now owns 1,019,061 shares of the software maker’s stock valued at $73,474,000 after acquiring an additional 8,956 shares during the last quarter. American Century Companies Inc. raised its position in shares of ePlus by 8.4% during the 3rd quarter. American Century Companies Inc. now owns 1,006,035 shares of the software maker’s stock valued at $71,439,000 after acquiring an additional 78,160 shares during the last quarter. Finally, AltraVue Capital LLC raised its position in shares of ePlus by 0.7% during the 3rd quarter. AltraVue Capital LLC now owns 1,002,883 shares of the software maker’s stock valued at $71,215,000 after acquiring an additional 7,460 shares during the last quarter. Institutional investors and hedge funds 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.