ePlus (NASDAQ:PLUS) Downgraded to Hold at StockNews.com

StockNews.com lowered shares of ePlus (NASDAQ:PLUSGet Rating) from a buy rating to a hold rating in a research note released on Tuesday.

Separately, Zacks Investment Research cut ePlus from a strong-buy rating to a hold rating in a research note on Wednesday, April 6th.

Shares of ePlus stock opened at $55.60 on Tuesday. The company has a current ratio of 1.69, a quick ratio of 1.43 and a debt-to-equity ratio of 0.02. The company’s 50-day moving average price is $55.31 and its two-hundred day moving average price is $57.73. ePlus has a 52 week low of $42.00 and a 52 week high of $69.74. The stock has a market cap of $1.49 billion, a PE ratio of 15.42 and a beta of 1.24.

A number of large investors have recently added to or reduced their stakes in PLUS. First Trust Advisors LP grew its stake in ePlus by 2.0% during the 1st quarter. First Trust Advisors LP now owns 10,703 shares of the software maker’s stock valued at $948,000 after acquiring an additional 211 shares in the last quarter. Morgan Stanley grew its stake in shares of ePlus by 25.1% in the 2nd quarter. Morgan Stanley now owns 68,282 shares of the software maker’s stock valued at $5,919,000 after buying an additional 13,720 shares in the last quarter. Deutsche Bank AG grew its stake in shares of ePlus by 14.3% in the 3rd quarter. Deutsche Bank AG now owns 10,067 shares of the software maker’s stock valued at $1,033,000 after buying an additional 1,257 shares in the last quarter. Advisor Group Holdings Inc. grew its stake in shares of ePlus by 28.3% in the 3rd quarter. Advisor Group Holdings Inc. now owns 463 shares of the software maker’s stock valued at $48,000 after buying an additional 102 shares in the last quarter. Finally, Los Angeles Capital Management LLC grew its stake in shares of ePlus by 4.8% in the 3rd quarter. Los Angeles Capital Management LLC now owns 7,860 shares of the software maker’s stock valued at $807,000 after buying an additional 360 shares in the last quarter. 92.04% of the stock is currently owned by institutional investors.

About ePlus (Get Rating)

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 in two segments, Technology and Financing. The Technology segment offers hardware, perpetual and subscription software, maintenance, software assurance, and internally provided and outsourced services; and professional and managed services, including ePlus managed, professional, security, ePlus cloud consulting, staff augmentation, server and desktop support, and project management services.

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