ePlus (NASDAQ:PLUS) Lowered to Hold Rating by StockNews.com

StockNews.com lowered shares of ePlus (NASDAQ:PLUS) from a buy rating to a hold rating in a research report sent to investors on Wednesday.

ePlus Stock Performance

Shares of PLUS opened at $65.49 on Wednesday. The firm has a fifty day moving average of $71.72 and a 200-day moving average of $82.14. The company has a market cap of $1.74 billion, a price-to-earnings ratio of 16.71, a price-to-earnings-growth ratio of 1.83 and a beta of 1.15. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.69 and a current ratio of 1.83. ePlus has a 1 year low of $61.91 and a 1 year high of $106.98.

ePlus (NASDAQ:PLUS) last issued its quarterly earnings data on Wednesday, February 5th. The software maker reported $0.91 earnings per share for the quarter, missing the consensus estimate of $1.28 by ($0.37). ePlus had a net margin of 4.93% and a return on equity of 11.23%. As a group, equities analysts anticipate that ePlus will post 3.78 earnings per share for the current year.

Institutional Trading of ePlus

Several large investors have recently added to or reduced their stakes in PLUS. Larson Financial Group LLC grew its stake in shares of ePlus by 6,140.0% in the third quarter. Larson Financial Group LLC now owns 312 shares of the software maker’s stock worth $31,000 after purchasing an additional 307 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in ePlus by 91.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 342 shares of the software maker’s stock worth $25,000 after purchasing an additional 163 shares during the period. Jones Financial Companies Lllp grew its position in ePlus by 256.8% in the 4th quarter. Jones Financial Companies Lllp now owns 421 shares of the software maker’s stock valued at $31,000 after buying an additional 303 shares in the last quarter. Quarry LP increased its stake in ePlus by 1,000.0% during the 4th quarter. Quarry LP now owns 473 shares of the software maker’s stock valued at $35,000 after buying an additional 430 shares during the period. Finally, Johnson Financial Group Inc. bought a new stake in shares of ePlus during the 4th quarter worth about $60,000. 93.80% of the stock is currently owned by institutional investors and hedge funds.

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.