Sidoti downgraded shares of ePlus Inc. (NASDAQ:PLUS) from a buy rating to a neutral rating in a research note released on Tuesday.

Several other brokerages also recently issued reports on PLUS. Canaccord Genuity restated a buy rating and set a $110.00 price objective on shares of ePlus in a research report on Thursday, August 4th. Zacks Investment Research raised shares of ePlus from a strong sell rating to a hold rating in a research note on Wednesday, July 27th.

Shares of ePlus (NASDAQ:PLUS) opened at 105.55 on Tuesday. The firm’s 50-day moving average price is $94.81 and its 200-day moving average price is $88.14. The firm has a market cap of $747.29 million, a PE ratio of 15.93 and a beta of 1.08. ePlus has a 12 month low of $61.78 and a 12 month high of $105.80.

In other news, Director Bruce M. Bowen sold 4,900 shares of the business’s stock in a transaction on Thursday, September 8th. The shares were sold at an average price of $95.00, for a total transaction of $465,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Bruce M. Bowen sold 1,151 shares of the business’s stock in a transaction on Monday, November 14th. The shares were sold at an average price of $105.06, for a total transaction of $120,924.06. The disclosure for this sale can be found here. Insiders own 8.20% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Societe Generale acquired a new position in ePlus during the second quarter valued at $102,000. SG Americas Securities LLC acquired a new position in ePlus during the second quarter valued at $102,000. Victory Capital Management Inc. raised its position in ePlus by 33.8% in the second quarter. Victory Capital Management Inc. now owns 1,433 shares of the company’s stock valued at $117,000 after buying an additional 362 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in ePlus by 105.7% in the second quarter. BNP Paribas Arbitrage SA now owns 1,761 shares of the company’s stock valued at $144,000 after buying an additional 905 shares during the last quarter. Finally, UBS Asset Management Americas Inc. acquired a new position in ePlus during the third quarter valued at $209,000. 81.91% of the stock is owned by institutional investors.

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.

5 Day Chart for NASDAQ:PLUS

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