ePlus (NASDAQ:PLUS) Hits New 1-Year Low – Should You Sell?

Shares of ePlus inc. (NASDAQ:PLUS) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $67.34 and last traded at $67.43, with a volume of 11885 shares traded. The stock had previously closed at $69.06.

Wall Street Analyst Weigh In

Separately, StockNews.com cut ePlus from a “buy” rating to a “hold” rating in a report on Friday, November 15th.

ePlus Trading Up 1.9 %

The company has a market cap of $1.87 billion, a PE ratio of 17.80, a price-to-earnings-growth ratio of 1.65 and a beta of 1.10. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.83 and a quick ratio of 1.71. The company has a 50-day moving average of $76.67 and a 200 day moving average of $86.33.

ePlus (NASDAQ:PLUS) last released its quarterly earnings results on Wednesday, February 5th. The software maker reported $0.91 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%. Analysts predict that ePlus inc. will post 4.26 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. HighTower Advisors LLC purchased a new position in shares of ePlus during the third quarter valued at approximately $227,000. Geode Capital Management LLC boosted its position in shares of ePlus by 16.8% during the third quarter. Geode Capital Management LLC now owns 731,909 shares of the software maker’s stock valued at $71,987,000 after buying an additional 105,526 shares during the period. Barclays PLC boosted its position in shares of ePlus by 82.3% during the third quarter. Barclays PLC now owns 80,328 shares of the software maker’s stock valued at $7,899,000 after buying an additional 36,267 shares during the period. Jane Street Group LLC boosted its position in shares of ePlus by 62.7% during the third quarter. Jane Street Group LLC now owns 36,915 shares of the software maker’s stock valued at $3,630,000 after buying an additional 14,227 shares during the period. Finally, Argent Capital Management LLC boosted its position in shares of ePlus by 38.1% during the fourth quarter. Argent Capital Management LLC now owns 20,166 shares of the software maker’s stock valued at $1,490,000 after buying an additional 5,564 shares during the period. 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.