ePlus (NASDAQ:PLUS) Rating Lowered to “Hold” at StockNews.com

ePlus (NASDAQ:PLUS) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Wednesday.

ePlus Stock Performance

Shares of NASDAQ PLUS opened at $63.86 on Wednesday. The firm has a fifty day moving average price of $71.48 and a 200-day moving average price of $82.02. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.83 and a quick ratio of 1.69. The stock has a market cap of $1.70 billion, a PE ratio of 16.29, a price-to-earnings-growth ratio of 1.83 and a beta of 1.15. ePlus has a 1 year low of $61.91 and a 1 year high of $106.98.

ePlus (NASDAQ:PLUS) last announced its quarterly earnings data 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 return on equity of 11.23% and a net margin of 4.93%. Equities analysts anticipate that ePlus will post 3.78 earnings per share for the current fiscal year.

Hedge Funds Weigh In On ePlus

Several institutional investors have recently bought and sold shares of the stock. Castlekeep Investment Advisors LLC purchased a new position in ePlus during the fourth quarter valued at $1,711,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in ePlus by 18.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 71,660 shares of the software maker’s stock valued at $5,294,000 after acquiring an additional 11,193 shares in the last quarter. Squarepoint Ops LLC grew its stake in ePlus by 287.1% during the fourth quarter. Squarepoint Ops LLC now owns 12,043 shares of the software maker’s stock valued at $890,000 after acquiring an additional 8,932 shares in the last quarter. Sherbrooke Park Advisers LLC purchased a new position in ePlus during the fourth quarter valued at $213,000. Finally, ProShare Advisors LLC grew its stake in ePlus by 44.5% during the fourth quarter. ProShare Advisors LLC now owns 7,934 shares of the software maker’s stock valued at $586,000 after acquiring an additional 2,443 shares in the last quarter. 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.