Weiss Ratings Reaffirms Hold (C+) Rating for ePlus (NASDAQ:PLUS)

Key Points

• Weiss Ratings has reiterated a "hold (C+)" rating for ePlus (NASDAQ:PLUS), indicating a cautious stance as analysts assess the stock's performance.
• ePlus's stock has recently seen an uptick of 2.1%, opening at $73.94, with a significant market cap of $1.97 billion.
• Institutional investors are showing increased interest in ePlus, with notable **holdings** raised by firms such as Texas Permanent School Fund Corp and Osaic Holdings Inc., reflecting a trend of institutional support.

ePlus (NASDAQ:PLUS - Get Free Report)'s stock had its "hold (c+)" rating reiterated by analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

A number of other equities analysts have also weighed in on the company. Zacks Research raised ePlus from a "strong sell" rating to a "hold" rating in a research note on Monday, August 25th. Wall Street Zen raised ePlus from a "hold" rating to a "buy" rating in a research note on Sunday, September 21st. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Hold".

ePlus Stock Up 2.1%

NASDAQ PLUS opened at $73.94 on Wednesday. The firm has a market cap of $1.97 billion, a price-to-earnings ratio of 16.58, a price-to-earnings-growth ratio of 2.18 and a beta of 1.15. The business has a 50-day moving average price of $71.41 and a 200-day moving average price of $68.05. ePlus has a twelve month low of $53.83 and a twelve month high of $106.98.

Institutional Investors Weigh In On ePlus

Several institutional investors have recently modified their holdings of PLUS. Texas Permanent School Fund Corp raised its holdings in shares of ePlus by 18.3% in the second quarter. Texas Permanent School Fund Corp now owns 18,846 shares of the software maker's stock worth $1,359,000 after buying an additional 2,921 shares during the period. Osaic Holdings Inc. raised its holdings in shares of ePlus by 361.9% in the second quarter. Osaic Holdings Inc. now owns 448 shares of the software maker's stock worth $32,000 after buying an additional 351 shares during the period. Squarepoint Ops LLC purchased a new stake in shares of ePlus in the second quarter worth approximately $1,274,000. State of Wyoming raised its holdings in shares of ePlus by 123.5% in the second quarter. State of Wyoming now owns 4,418 shares of the software maker's stock worth $319,000 after buying an additional 2,441 shares during the period. Finally, Public Sector Pension Investment Board raised its holdings in shares of ePlus by 7.4% in the second quarter. Public Sector Pension Investment Board now owns 89,659 shares of the software maker's stock worth $6,464,000 after buying an additional 6,166 shares during the period. 93.80% of the stock is owned by institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.