ePlus (PLUS) Stock Rating Lowered by BidaskClub

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.

In related news, Director John E. Callies sold 1,200 shares of the company’s stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $80.35, for a total value of $96,420.00. Following the completion of the sale, the director now owns 11,154 shares in the company, valued at approximately $896,223.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 3.25% of the stock is currently owned by corporate insiders.

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.

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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.

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