ePlus (NASDAQ:PLUS) Sets New 1-Year Low – What’s Next?

ePlus inc. (NASDAQ:PLUS) hit a new 52-week low during trading on Friday . The company traded as low as $61.75 and last traded at $61.96, with a volume of 162749 shares changing hands. The stock had previously closed at $63.86.

Wall Street Analyst Weigh In

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

ePlus Stock Performance

The company has a quick ratio of 1.69, a current ratio of 1.83 and a debt-to-equity ratio of 0.01. The firm has a 50-day moving average of $71.48 and a two-hundred day moving average of $82.02. The company has a market capitalization of $1.66 billion, a PE ratio of 15.96, a PEG ratio of 1.83 and a beta of 1.15.

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 net margin of 4.93% and a return on equity of 11.23%. Research analysts anticipate that ePlus inc. will post 3.78 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in PLUS. Smartleaf Asset Management LLC lifted its position in shares of ePlus by 91.1% in the fourth 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. Larson Financial Group LLC boosted its stake in ePlus by 6,140.0% during the 3rd quarter. Larson Financial Group LLC now owns 312 shares of the software maker’s stock worth $31,000 after purchasing an additional 307 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in shares of ePlus by 256.8% during the fourth quarter. Jones Financial Companies Lllp now owns 421 shares of the software maker’s stock worth $31,000 after buying an additional 303 shares in the last quarter. Quarry LP raised its position in shares of ePlus by 1,000.0% in the fourth quarter. Quarry LP now owns 473 shares of the software maker’s stock valued at $35,000 after buying an additional 430 shares during the last quarter. Finally, Johnson Financial Group Inc. purchased a new position in shares of ePlus in the fourth quarter worth about $60,000. 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.