ePlus (NASDAQ:PLUS – Get Free Report) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.
Separately, Zacks Research raised 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, According to data from MarketBeat, ePlus has a consensus rating of “Hold”.
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Read Our Latest Stock Analysis on PLUS
ePlus Trading Down 1.4%
Shares of NASDAQ:PLUS opened at $73.84 on Friday. The company’s 50 day moving average is $69.83 and its two-hundred day moving average is $66.98. The company has a market cap of $1.97 billion, a PE ratio of 16.56, a P/E/G ratio of 2.22 and a beta of 1.17. ePlus has a 52 week low of $53.83 and a 52 week high of $106.98.
Institutional Trading of ePlus
Several hedge funds have recently made changes to their positions in the company. Quarry LP lifted its stake in shares of ePlus by 33.6% in the 1st quarter. Quarry LP now owns 632 shares of the software maker’s stock worth $39,000 after acquiring an additional 159 shares during the period. Vista Finance LLC lifted its stake in shares of ePlus by 4.1% in the second quarter. Vista Finance LLC now owns 4,794 shares of the software maker’s stock valued at $346,000 after purchasing an additional 188 shares during the period. Nisa Investment Advisors LLC lifted its stake in shares of ePlus by 19.6% in the second quarter. Nisa Investment Advisors LLC now owns 1,282 shares of the software maker’s stock valued at $92,000 after purchasing an additional 210 shares during the period. Cascade Investment Advisors Inc. lifted its stake in shares of ePlus by 1.6% in the first quarter. Cascade Investment Advisors Inc. now owns 16,264 shares of the software maker’s stock valued at $993,000 after purchasing an additional 260 shares during the period. Finally, Lazard Asset Management LLC lifted its stake in shares of ePlus by 0.8% in the second quarter. Lazard Asset Management LLC now owns 31,946 shares of the software maker’s stock valued at $2,303,000 after purchasing an additional 266 shares during the period. Institutional investors and hedge funds own 93.80% of the company’s stock.
About ePlus
(Get Free Report)
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.
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