StockNews.com Downgrades ePlus (NASDAQ:PLUS) to Hold

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

ePlus Trading Up 0.6 %

ePlus stock opened at $66.89 on Friday. The firm has a 50 day simple moving average of $75.28 and a 200-day simple moving average of $85.52. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.83 and a quick ratio of 1.69. The stock has a market capitalization of $1.78 billion, a PE ratio of 17.06, a price-to-earnings-growth ratio of 1.83 and a beta of 1.10. ePlus has a 12-month low of $65.46 and a 12-month high of $106.98.

ePlus (NASDAQ:PLUS) last issued its earnings results on Wednesday, February 5th. The software maker reported $0.91 earnings per share 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, equities research analysts expect that ePlus will post 3.78 EPS for the current fiscal year.

Institutional Trading of ePlus

A number of large investors have recently added to or reduced their stakes in PLUS. Creative Planning bought a new stake in ePlus during the third quarter worth approximately $280,000. GHP Investment Advisors Inc. lifted its position in shares of ePlus by 0.7% in the 3rd quarter. GHP Investment Advisors Inc. now owns 102,809 shares of the software maker’s stock valued at $10,110,000 after acquiring an additional 738 shares in the last quarter. Smith Group Asset Management LLC lifted its position in shares of ePlus by 25.1% in the 3rd quarter. Smith Group Asset Management LLC now owns 6,650 shares of the software maker’s stock valued at $654,000 after acquiring an additional 1,333 shares in the last quarter. Assetmark Inc. lifted its position in shares of ePlus by 3.8% in the 3rd quarter. Assetmark Inc. now owns 18,943 shares of the software maker’s stock valued at $1,863,000 after acquiring an additional 699 shares in the last quarter. Finally, Atria Investments Inc purchased a new stake in shares of ePlus in the 3rd quarter valued at approximately $202,000. 93.80% of the stock is currently owned by institutional investors.

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.