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

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

ePlus Stock Performance

PLUS stock opened at $98.00 on Thursday. ePlus has a one year low of $53.53 and a one year high of $106.98. The firm has a market cap of $2.63 billion, a price-to-earnings ratio of 24.02, a PEG ratio of 1.90 and a beta of 1.13. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.87 and a current ratio of 2.01. The firm has a 50-day simple moving average of $95.40 and a two-hundred day simple moving average of $85.53.

ePlus (NASDAQ:PLUS) last posted its quarterly earnings data on Tuesday, August 6th. The software maker reported $1.02 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.03). The firm had revenue of $544.54 million for the quarter, compared to the consensus estimate of $555.23 million. ePlus had a return on equity of 12.32% and a net margin of 4.98%. On average, equities analysts forecast that ePlus will post 4.67 EPS for the current fiscal year.

Insider Transactions at ePlus

In other ePlus news, CFO Elaine D. Marion sold 5,000 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $92.19, for a total value of $460,950.00. Following the completion of the sale, the chief financial officer now directly owns 64,442 shares in the company, valued at approximately $5,940,907.98. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 2.02% of the company’s stock.

Hedge Funds Weigh In On ePlus

Hedge funds and other institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC grew its position in ePlus by 203.2% during the 3rd quarter. GAMMA Investing LLC now owns 376 shares of the software maker’s stock worth $37,000 after purchasing an additional 252 shares during the last quarter. CWM LLC raised its stake in shares of ePlus by 1,247.7% during the 2nd quarter. CWM LLC now owns 593 shares of the software maker’s stock valued at $44,000 after buying an additional 549 shares during the last quarter. Innealta Capital LLC purchased a new stake in shares of ePlus in the second quarter worth about $66,000. EntryPoint Capital LLC boosted its position in ePlus by 1,236.7% in the 1st quarter. EntryPoint Capital LLC now owns 1,056 shares of the software maker’s stock worth $83,000 after purchasing an additional 977 shares in the last quarter. Finally, Picton Mahoney Asset Management purchased a new stake in ePlus during the second quarter worth $156,000. 93.80% of the stock is owned by hedge funds and other 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.