ePlus (NASDAQ:PLUS) Sets New 1-Year Low – Time to Sell?

Shares of ePlus inc. (NASDAQ:PLUS) reached a new 52-week low during trading on Friday . The company traded as low as $61.43 and last traded at $61.67, with a volume of 35218 shares traded. The stock had previously closed at $64.25.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of ePlus from a “hold” rating to a “buy” rating in a research report on Thursday.

ePlus Price Performance

The stock has a 50 day moving average of $69.76 and a 200-day moving average of $80.88. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.69 and a current ratio of 1.83. The company has a market cap of $1.65 billion, a PE ratio of 15.80, a price-to-earnings-growth ratio of 1.83 and a beta of 1.15.

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

Institutional Trading of ePlus

Several institutional investors and hedge funds have recently bought and sold shares of the business. Castlekeep Investment Advisors LLC purchased a new position in shares of ePlus during the fourth quarter worth $1,711,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of ePlus by 18.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 71,660 shares of the software maker’s stock valued at $5,294,000 after buying an additional 11,193 shares during the last quarter. Squarepoint Ops LLC raised its stake in shares of ePlus by 287.1% during the 4th quarter. Squarepoint Ops LLC now owns 12,043 shares of the software maker’s stock valued at $890,000 after buying an additional 8,932 shares during the last quarter. Sherbrooke Park Advisers LLC acquired a new position in shares of ePlus in the 4th quarter valued at about $213,000. Finally, ProShare Advisors LLC boosted its stake in shares of ePlus by 44.5% in the fourth quarter. ProShare Advisors LLC now owns 7,934 shares of the software maker’s stock worth $586,000 after buying an additional 2,443 shares during the last quarter. 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.