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

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

ePlus Stock Performance

NASDAQ PLUS opened at $66.50 on Friday. The firm’s fifty day moving average price is $75.28 and its two-hundred day moving average price is $85.47. ePlus has a 1 year low of $66.44 and a 1 year high of $106.98. The firm has a market capitalization of $1.77 billion, a P/E ratio of 16.96, a price-to-earnings-growth ratio of 1.83 and a beta of 1.10. The company has a current ratio of 1.83, a quick ratio of 1.69 and a debt-to-equity ratio of 0.01.

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Castlekeep Investment Advisors LLC acquired a new stake in ePlus during the 4th quarter valued at $127,898,000. Mirabella Financial Services LLP bought a new position in shares of ePlus in the fourth quarter valued at about $43,517,000. FMR LLC lifted its stake in shares of ePlus by 70.9% during the 3rd quarter. FMR LLC now owns 1,117,812 shares of the software maker’s stock worth $109,926,000 after buying an additional 463,621 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in shares of ePlus by 19.8% during the 3rd quarter. Pacer Advisors Inc. now owns 1,387,899 shares of the software maker’s stock worth $136,486,000 after buying an additional 229,837 shares during the period. Finally, Rockefeller Capital Management L.P. acquired a new position in ePlus in the 4th quarter valued at about $15,590,000. 93.80% of the stock is owned by institutional investors and hedge funds.

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.