ePlus (NASDAQ:PLUS) Rating Lowered to “Hold” at StockNews.com

ePlus (NASDAQ:PLUS) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

ePlus Stock Performance

NASDAQ:PLUS opened at $66.50 on Friday. 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 52-week low of $66.44 and a 52-week high of $106.98. The firm has a market cap of $1.77 billion, a price-to-earnings ratio of 16.96, a PEG ratio of 1.85 and a beta of 1.10. The business’s fifty day moving average is $75.50 and its 200 day moving average is $85.56.

ePlus (NASDAQ:PLUS) last released its quarterly earnings results 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%. Research analysts predict that ePlus will post 3.78 EPS for the current year.

Institutional Trading of ePlus

Several institutional investors and hedge funds have recently modified their holdings of the business. Smartleaf Asset Management LLC raised its holdings in shares of ePlus by 91.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 342 shares of the software maker’s stock valued at $25,000 after acquiring an additional 163 shares in the last quarter. Foundry Partners LLC raised its holdings in shares of ePlus by 3.8% in the 4th quarter. Foundry Partners LLC now owns 7,469 shares of the software maker’s stock valued at $552,000 after acquiring an additional 274 shares in the last quarter. Cascade Investment Advisors Inc. raised its holdings in shares of ePlus by 1.7% in the 4th quarter. Cascade Investment Advisors Inc. now owns 16,004 shares of the software maker’s stock valued at $1,182,000 after acquiring an additional 275 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in shares of 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 acquiring an additional 303 shares in the last quarter. Finally, Larson Financial Group LLC raised its holdings in shares of ePlus by 6,140.0% during the 3rd quarter. Larson Financial Group LLC now owns 312 shares of the software maker’s stock valued at $31,000 after buying an additional 307 shares in the last quarter. Hedge funds and other institutional investors own 93.80% of the company’s stock.

About ePlus

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.