BidaskClub cut shares of ePlus (NASDAQ:PLUS) from a hold rating to a sell rating in a research note issued to investors on Saturday morning.
Other analysts have also issued reports about the stock. Stifel Nicolaus reissued a hold rating and set a $75.00 target price on shares of ePlus in a research note on Tuesday, September 12th. Zacks Investment Research lowered shares of ePlus from a buy rating to a hold rating in a research note on Wednesday, October 4th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. ePlus currently has an average rating of Hold and a consensus price target of $58.77.
Shares of ePlus (NASDAQ:PLUS) opened at $76.15 on Friday. ePlus has a one year low of $54.28 and a one year high of $97.75. The company has a market cap of $1,068.53, a P/E ratio of 19.75 and a beta of 1.28. The company has a current ratio of 1.65, a quick ratio of 1.50 and a debt-to-equity ratio of 0.01.
Several large investors have recently modified their holdings of PLUS. BlackRock Inc. lifted its position in shares of ePlus by 96.1% in the 2nd quarter. BlackRock Inc. now owns 1,554,745 shares of the software maker’s stock valued at $115,207,000 after acquiring an additional 761,763 shares in the last quarter. FMR LLC lifted its position in shares of ePlus by 171.3% in the 2nd quarter. FMR LLC now owns 959,478 shares of the software maker’s stock valued at $71,097,000 after acquiring an additional 605,842 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of ePlus by 96.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,173,675 shares of the software maker’s stock valued at $86,970,000 after acquiring an additional 576,536 shares in the last quarter. Fiduciary Management Inc. WI lifted its position in shares of ePlus by 102.6% in the 2nd quarter. Fiduciary Management Inc. WI now owns 1,063,046 shares of the software maker’s stock valued at $78,772,000 after acquiring an additional 538,286 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of ePlus by 101.5% in the 2nd quarter. Vanguard Group Inc. now owns 919,169 shares of the software maker’s stock valued at $68,110,000 after acquiring an additional 462,907 shares in the last quarter. Institutional investors and hedge funds own 89.72% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: “ePlus (PLUS) Stock Rating Lowered by BidaskClub” was published by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this article on another website, it was illegally copied and republished in violation of United States and international trademark and copyright law. The correct version of this article can be accessed at https://stocknewstimes.com/2018/01/10/eplus-plus-stock-rating-lowered-by-bidaskclub.html.
ePlus Company Profile
ePlus inc. is a holding company. The Company is engaged in the business of selling, leasing, financing and managing information technology. It operates through two segments: technology and financing. The technology segment sells information technology (IT) hardware products, third-party software and maintenance contracts, its own and third-party professional and managed services, and its software.
Receive News & Ratings for ePlus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ePlus and related companies with MarketBeat.com's FREE daily email newsletter.