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

StockNews.com downgraded shares of ePlus (NASDAQ:PLUS) from a buy rating to a hold rating in a report released on Friday morning.

ePlus Stock Performance

PLUS traded down $1.85 on Friday, hitting $78.62. The company’s stock had a trading volume of 172,583 shares, compared to its average volume of 189,167. ePlus has a 12 month low of $56.33 and a 12 month high of $106.98. The firm has a market cap of $2.11 billion, a P/E ratio of 19.51, a price-to-earnings-growth ratio of 1.71 and a beta of 1.13. The company has a quick ratio of 1.87, a current ratio of 1.85 and a debt-to-equity ratio of 0.01. The company’s 50 day simple moving average is $95.08 and its 200-day simple moving average is $86.03.

Insiders Place Their Bets

In other news, CFO Elaine D. Marion sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $92.19, for a total value of $460,950.00. Following the completion of the transaction, the chief financial officer now directly owns 64,442 shares in the company, valued at approximately $5,940,907.98. This trade represents a 7.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.02% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of PLUS. Larson Financial Group LLC raised its position in shares of ePlus by 6,140.0% in the third quarter. Larson Financial Group LLC now owns 312 shares of the software maker’s stock worth $31,000 after buying an additional 307 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of ePlus by 203.2% in the 3rd quarter. GAMMA Investing LLC now owns 376 shares of the software maker’s stock valued at $37,000 after acquiring an additional 252 shares in the last quarter. CWM LLC boosted its position 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 acquiring an additional 549 shares during the last quarter. Innealta Capital LLC purchased a new position in shares of ePlus during the second quarter worth about $66,000. Finally, National Bank of Canada FI bought a new position in shares of ePlus in the third quarter worth approximately $76,000. 93.80% of the stock is owned by institutional investors.

ePlus Company Profile

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.