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

StockNews.com downgraded shares of ePlus (NASDAQ:PLUS) from a buy rating to a hold rating in a research report released on Wednesday morning.

ePlus Price Performance

Shares of ePlus stock opened at $65.49 on Wednesday. ePlus has a 52 week low of $61.91 and a 52 week high of $106.98. The company has a current ratio of 1.83, a quick ratio of 1.69 and a debt-to-equity ratio of 0.01. The stock has a market cap of $1.74 billion, a PE ratio of 16.71, a price-to-earnings-growth ratio of 1.83 and a beta of 1.15. The company’s 50-day moving average price is $71.72 and its two-hundred day moving average price is $82.14.

ePlus (NASDAQ:PLUS) last released its earnings results on Wednesday, February 5th. The software maker reported $0.91 EPS for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.37). ePlus had a return on equity of 11.23% and a net margin of 4.93%. As a group, sell-side analysts anticipate that ePlus will post 3.78 EPS for the current fiscal year.

Institutional Investors Weigh In On ePlus

Institutional investors and hedge funds have recently modified their holdings of the stock. Atria Investments Inc acquired a new position in shares of ePlus in the 3rd quarter valued at $202,000. Quest Partners LLC increased its position in shares of ePlus by 29.3% in the third quarter. Quest Partners LLC now owns 14,097 shares of the software maker’s stock worth $1,386,000 after acquiring an additional 3,195 shares in the last quarter. Advisors Asset Management Inc. increased its position in shares of ePlus by 43.9% in the third quarter. Advisors Asset Management Inc. now owns 1,121 shares of the software maker’s stock worth $110,000 after acquiring an additional 342 shares in the last quarter. Intech Investment Management LLC increased its position in shares of ePlus by 80.4% in the third quarter. Intech Investment Management LLC now owns 7,681 shares of the software maker’s stock worth $755,000 after acquiring an additional 3,423 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its position in shares of ePlus by 19.8% in the 3rd quarter. Pacer Advisors Inc. now owns 1,387,899 shares of the software maker’s stock valued at $136,486,000 after acquiring an additional 229,837 shares in the last quarter. 93.80% of the stock is 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.