StockNews.com Downgrades ePlus (NASDAQ:PLUS) to Hold

ePlus (NASDAQ:PLUS) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.

ePlus Stock Down 2.3 %

NASDAQ PLUS traded down $1.85 during trading hours on Friday, hitting $78.62. The company’s stock had a trading volume of 172,562 shares, compared to its average volume of 189,167. The company has a current ratio of 1.85, a quick ratio of 1.87 and a debt-to-equity ratio of 0.01. The company’s 50-day simple moving average is $95.28 and its two-hundred day simple moving average is $86.03. The company has a market capitalization of $2.11 billion, a PE ratio of 19.51, a price-to-earnings-growth ratio of 1.71 and a beta of 1.13. ePlus has a 52 week low of $56.33 and a 52 week high of $106.98.

Insider Buying and Selling

In other ePlus news, CFO Elaine D. Marion sold 5,000 shares of ePlus stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $92.19, for a total value of $460,950.00. Following the sale, the chief financial officer now owns 64,442 shares of the company’s stock, valued at approximately $5,940,907.98. The trade was a 7.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 2.02% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On ePlus

A number of hedge funds have recently modified their holdings of the stock. Larson Financial Group LLC boosted its holdings in ePlus by 6,140.0% in the 3rd quarter. Larson Financial Group LLC now owns 312 shares of the software maker’s stock worth $31,000 after buying an additional 307 shares during the period. GAMMA Investing LLC grew its position in shares of ePlus by 203.2% in the third quarter. GAMMA Investing LLC now owns 376 shares of the software maker’s stock valued at $37,000 after purchasing an additional 252 shares in the last quarter. CWM LLC raised its stake in shares of ePlus by 1,247.7% during the 2nd quarter. CWM LLC now owns 593 shares of the software maker’s stock valued at $44,000 after purchasing an additional 549 shares during the period. National Bank of Canada FI purchased a new stake in ePlus during the 3rd quarter worth about $76,000. Finally, Innealta Capital LLC bought a new position in ePlus in the 2nd quarter worth about $66,000. Institutional investors own 93.80% of the company’s stock.

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.