ePlus (NASDAQ:PLUS) Sets New 12-Month Low – Should You Sell?

ePlus inc. (NASDAQ:PLUS) reached a new 52-week low during trading on Thursday . The stock traded as low as $58.28 and last traded at $58.28, with a volume of 6306 shares trading hands. The stock had previously closed at $62.09.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded ePlus from a “hold” rating to a “buy” rating in a research report on Thursday, March 27th.

ePlus Stock Performance

The stock’s 50 day moving average is $67.66 and its two-hundred day moving average is $79.90. The firm has a market capitalization of $1.52 billion, a P/E ratio of 14.58, a P/E/G ratio of 1.83 and a beta of 1.15. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.83 and a quick ratio of 1.69.

ePlus (NASDAQ:PLUS) last issued its 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%. As a group, equities analysts anticipate that ePlus inc. will post 3.78 earnings per share for the current fiscal year.

Institutional Trading of ePlus

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Castlekeep Investment Advisors LLC bought a new position in ePlus during the 4th quarter worth approximately $127,898,000. Mirabella Financial Services LLP acquired a new stake in ePlus in the fourth quarter worth $43,517,000. Rockefeller Capital Management L.P. bought a new position in shares of ePlus during the fourth quarter worth $15,590,000. Wellington Management Group LLP grew its holdings in shares of ePlus by 20.4% in the 3rd quarter. Wellington Management Group LLP now owns 968,998 shares of the software maker’s stock valued at $95,291,000 after buying an additional 164,016 shares during the period. Finally, Swedbank AB bought a new stake in shares of ePlus in the 4th quarter valued at $11,082,000. 93.80% of the stock is owned by institutional investors.

ePlus Company Profile

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.