ePlus inc. (NASDAQ:PLUS)‘s stock had its “hold” rating reiterated by research analysts at Stifel Nicolaus in a report released on Thursday. They presently have a $75.00 price objective on the software maker’s stock. Stifel Nicolaus’ price objective indicates a potential downside of 10.13% from the company’s previous close.

Several other equities research analysts have also recently weighed in on PLUS. Zacks Investment Research cut ePlus inc. from a “buy” rating to a “hold” rating in a report on Wednesday, April 5th. ValuEngine cut ePlus inc. from a “buy” rating to a “hold” rating in a report on Friday, May 26th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $30.06.

Shares of ePlus inc. (NASDAQ:PLUS) traded down 1.48% during trading on Thursday, hitting $83.45. The stock had a trading volume of 57,510 shares. ePlus inc. has a 52 week low of $63.76 and a 52 week high of $141.00. The firm has a 50-day moving average price of $77.42 and a 200 day moving average price of $93.07. The company has a market capitalization of $1.15 billion, a PE ratio of 21.89 and a beta of 1.41.

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In other ePlus inc. news, Director Eric D. Hovde sold 3,389 shares of the company’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $80.30, for a total transaction of $272,136.70. Following the completion of the transaction, the director now owns 68,703 shares of the company’s stock, valued at approximately $5,516,850.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Eric D. Hovde sold 5,060 shares of the company’s stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $79.55, for a total value of $402,523.00. Following the transaction, the director now directly owns 69,103 shares of the company’s stock, valued at approximately $5,497,143.65. The disclosure for this sale can be found here. Insiders have sold a total of 65,103 shares of company stock valued at $5,136,851 in the last ninety days. 3.25% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its position in shares of ePlus inc. by 84,983.9% in the first quarter. BlackRock Inc. now owns 792,982 shares of the software maker’s stock valued at $107,092,000 after buying an additional 792,050 shares in the last quarter. FMR LLC raised its position in shares of ePlus inc. by 70.2% in the first quarter. FMR LLC now owns 353,636 shares of the software maker’s stock valued at $47,759,000 after buying an additional 145,918 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of ePlus inc. by 363.3% in the first quarter. JPMorgan Chase & Co. now owns 87,744 shares of the software maker’s stock valued at $11,849,000 after buying an additional 68,807 shares in the last quarter. Geode Capital Management LLC raised its position in shares of ePlus inc. by 121.3% in the first quarter. Geode Capital Management LLC now owns 116,522 shares of the software maker’s stock valued at $7,868,000 after buying an additional 63,862 shares in the last quarter. Finally, Fiduciary Management Inc. WI raised its position in shares of ePlus inc. by 12.0% in the first quarter. Fiduciary Management Inc. WI now owns 524,760 shares of the software maker’s stock valued at $70,869,000 after buying an additional 56,385 shares in the last quarter. 49.17% of the stock is owned by institutional investors and hedge funds.

ePlus inc. 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.

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