ePlus (NASDAQ:PLUS) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a report released on Thursday, January 4th.

According to Zacks, “ePlus inc. is a leading provider of technology solutions. ePlus enables organizations to optimize their IT infrastructure and supply chain processes by delivering world-class IT products from top manufacturers, professional services, flexible lease financing, proprietary software, and patented business methods. With the highest certifications from top technology partners and expertise in key technologies from data center to security, cloud, and collaboration, ePlus transforms IT from a cost center to a business enabler. “

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A number of other equities research analysts also recently weighed in on PLUS. Stifel Nicolaus reiterated a “hold” rating and set a $75.00 price target on shares of ePlus in a research note on Tuesday, October 17th. BidaskClub downgraded shares of ePlus from a “buy” rating to a “hold” rating in a research note on Saturday, December 9th.

ePlus (PLUS) opened at $78.30 on Thursday. ePlus has a 52-week low of $55.08 and a 52-week high of $97.75. The firm has a market cap of $1,119.55, a P/E ratio of 20.18 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.

ePlus (NASDAQ:PLUS) last released its quarterly earnings results on Thursday, November 2nd. The software maker reported $1.27 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.27. ePlus had a net margin of 3.85% and a return on equity of 15.52%. equities analysts expect that ePlus will post 4 EPS for the current year.

In other news, CFO Elaine D. Marion sold 3,000 shares of the company’s stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $80.45, for a total value of $241,350.00. Following the completion of the sale, the chief financial officer now directly owns 74,568 shares of the company’s stock, valued at approximately $5,998,995.60. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John E. Callies sold 1,200 shares of the business’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 transaction, the director now owns 11,154 shares of the company’s stock, valued at $896,223.90. The disclosure for this sale can be found here. 3.25% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of PLUS. BlackRock Inc. boosted its position in ePlus by 96.1% during the 2nd quarter. BlackRock Inc. now owns 1,554,745 shares of the software maker’s stock worth $115,207,000 after acquiring an additional 761,763 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in ePlus by 96.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,173,675 shares of the software maker’s stock worth $86,970,000 after acquiring an additional 576,536 shares during the last quarter. Fiduciary Management Inc. WI boosted its holdings 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 buying an additional 538,286 shares during the last quarter. FMR LLC boosted its holdings 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 buying an additional 605,842 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings 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 buying an additional 462,907 shares during the last quarter. Institutional investors and hedge funds own 89.43% 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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