ePlus (NASDAQ:PLUS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday.

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. “

A number of other research analysts have also weighed in on the company. BidaskClub lowered ePlus from a “hold” rating to a “sell” rating in a research report on Thursday, October 4th. ValuEngine lowered ePlus from a “hold” rating to a “sell” rating in a research report on Wednesday, September 19th. Finally, Stifel Nicolaus restated a “neutral” rating and set a $100.00 price objective on shares of ePlus in a research report on Friday, August 10th. Three investment analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. The company presently has a consensus rating of “Sell” and a consensus price target of $107.00.

Shares of PLUS stock opened at $84.19 on Thursday. ePlus has a 52-week low of $67.65 and a 52-week high of $107.25. The company has a quick ratio of 1.50, a current ratio of 1.65 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of 19.95 and a beta of 1.19.

ePlus (NASDAQ:PLUS) last issued its quarterly earnings results on Wednesday, August 8th. The software maker reported $1.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.17 by $0.11. ePlus had a return on equity of 16.05% and a net margin of 4.07%. The business had revenue of $356.53 million during the quarter, compared to analyst estimates of $346.55 million. Analysts expect that ePlus will post 5.29 EPS for the current year.

In other news, CEO Mark P. Marron sold 10,000 shares of the firm’s stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $101.80, for a total transaction of $1,018,000.00. Following the completion of the transaction, the chief executive officer now owns 99,752 shares in the company, valued at $10,154,753.60. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Mark P. Marron sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, September 18th. The shares were sold at an average price of $100.99, for a total value of $2,019,800.00. Following the transaction, the chief executive officer now owns 99,752 shares of the company’s stock, valued at approximately $10,073,954.48. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 46,794 shares of company stock valued at $4,750,250. Company insiders own 2.72% of the company’s stock.

Several institutional investors have recently modified their holdings of PLUS. BlackRock Inc. grew its position in shares of ePlus by 9.0% during the second quarter. BlackRock Inc. now owns 1,890,422 shares of the software maker’s stock valued at $177,888,000 after purchasing an additional 155,908 shares in the last quarter. New Amsterdam Partners LLC NY purchased a new position in shares of ePlus during the second quarter valued at about $6,176,000. TD Asset Management Inc. purchased a new position in shares of ePlus during the second quarter valued at about $2,992,000. Wells Fargo & Company MN lifted its holdings in shares of ePlus by 47.0% in the 2nd quarter. Wells Fargo & Company MN now owns 84,416 shares of the software maker’s stock valued at $7,943,000 after acquiring an additional 26,986 shares during the last quarter. Finally, Royal Bank of Canada lifted its holdings in shares of ePlus by 5.4% in the 1st quarter. Royal Bank of Canada now owns 408,597 shares of the software maker’s stock valued at $31,747,000 after acquiring an additional 21,029 shares during the last quarter. Hedge funds and other institutional investors own 91.87% of the company’s stock.

ePlus Company Profile

ePlus inc., through its subsidiaries, provides information technology solutions that enable organizations to optimize their information technology (IT) environment and supply chain processes in the United States. It operates in two segments, Technology and Financing. The Technology segment offers hardware, software, maintenance, software assurance, and internally-provided and outsourced services; and advanced professional and managed services, including ePlus managed, professional, security, staff augmentation, server and desktop support, and project management services.

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