ePlus (NASDAQ:PLUS) Rating Increased to Buy at Wall Street Zen

Key Points

• ePlus has received an upgrade from Wall Street Zen, moving from a "hold" rating to a "buy" rating, indicating positive outlook by analysts.
• Recent institutional investments show significant increases in stakes, with River Road Asset Management raising its position by 17.2% and Jane Street Group increasing by an astonishing 1,986.6%.
• As of the latest report, ePlus shares opened at $70.86, with a market capitalization of $1.89 billion and a PE ratio of 15.89.

ePlus (NASDAQ:PLUS - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a report issued on Friday.

Separately, Zacks Research upgraded ePlus from a "strong sell" rating to a "hold" rating in a report on Monday, August 25th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of "Hold".

ePlus Stock Performance

Shares of NASDAQ:PLUS opened at $70.86 on Friday. The business's fifty day moving average price is $69.76 and its two-hundred day moving average price is $66.79. The stock has a market cap of $1.89 billion, a PE ratio of 15.89, a price-to-earnings-growth ratio of 2.16 and a beta of 1.17. ePlus has a one year low of $53.83 and a one year high of $106.98.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in PLUS. River Road Asset Management LLC lifted its stake in shares of ePlus by 17.2% during the 2nd quarter. River Road Asset Management LLC now owns 1,624,923 shares of the software maker's stock worth $117,157,000 after purchasing an additional 238,070 shares during the period. Swedbank AB raised its position in shares of ePlus by 116.7% in the 1st quarter. Swedbank AB now owns 325,000 shares of the software maker's stock worth $19,835,000 after buying an additional 175,000 shares during the period. Ameriprise Financial Inc. raised its position in shares of ePlus by 138.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 204,857 shares of the software maker's stock worth $14,770,000 after buying an additional 118,874 shares during the period. Millennium Management LLC raised its position in shares of ePlus by 103.1% in the 1st quarter. Millennium Management LLC now owns 226,399 shares of the software maker's stock worth $13,817,000 after buying an additional 114,900 shares during the period. Finally, Jane Street Group LLC raised its position in shares of ePlus by 1,986.6% in the 1st quarter. Jane Street Group LLC now owns 103,348 shares of the software maker's stock worth $6,307,000 after buying an additional 98,395 shares during the period. Hedge funds and other institutional investors own 93.80% of the company's stock.

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.

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