ePlus inc. (PLUS) Upgraded to Buy at ValuEngine

ValuEngine upgraded shares of ePlus inc. (NASDAQ:PLUS) from a hold rating to a buy rating in a research note issued to investors on Tuesday, June 13th.

Separately, Zacks Investment Research cut ePlus inc. from a buy rating to a hold rating in a research note on Wednesday, April 5th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. ePlus inc. currently has a consensus rating of Hold and a consensus price target of $24.31.

Shares of ePlus inc. (NASDAQ PLUS) remained flat at $76.85 on Tuesday. The stock had a trading volume of 38,025 shares. The company’s 50 day moving average price is $75.53 and its 200 day moving average price is $99.44. ePlus inc. has a 1-year low of $39.88 and a 1-year high of $81.30. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of 21.35 and a beta of 1.40.

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In other news, insider Phillip G. Norton sold 20,880 shares of the stock in a transaction dated Thursday, June 8th. The shares were sold at an average price of $79.04, for a total transaction of $1,650,355.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Elaine D. Marion sold 5,000 shares of the stock in a transaction dated Tuesday, April 25th. The stock was sold at an average price of $70.92, for a total transaction of $354,600.00. The disclosure for this sale can be found here. Insiders have sold 70,103 shares of company stock worth $5,491,451 over the last ninety days. Insiders own 8.20% of the company’s stock.

Several hedge funds have recently bought and sold shares of PLUS. Nationwide Fund Advisors raised its stake in ePlus inc. by 16.7% in the first quarter. Nationwide Fund Advisors now owns 88,702 shares of the software maker’s stock worth $11,979,000 after buying an additional 12,699 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in ePlus inc. by 3.8% in the first quarter. Louisiana State Employees Retirement System now owns 2,700 shares of the software maker’s stock worth $365,000 after buying an additional 100 shares in the last quarter. Campbell Newman Asset Management Inc. raised its stake in ePlus inc. by 13.7% in the first quarter. Campbell Newman Asset Management Inc. now owns 2,039 shares of the software maker’s stock worth $275,000 after buying an additional 246 shares in the last quarter. Teachers Advisors LLC raised its stake in ePlus inc. by 2.2% in the fourth quarter. Teachers Advisors LLC now owns 10,309 shares of the software maker’s stock worth $1,188,000 after buying an additional 221 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its stake in ePlus inc. by 6.0% in the fourth quarter. Thrivent Financial for Lutherans now owns 3,550 shares of the software maker’s stock worth $409,000 after buying an additional 200 shares in the last quarter. Institutional investors own 47.63% of the company’s stock.

ePlus inc. 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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