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

StockNews.com downgraded shares of ePlus (NASDAQ:PLUS - Free Report) from a buy rating to a hold rating in a report issued on Thursday morning.

ePlus Price Performance

Shares of ePlus stock traded up $0.57 during trading on Thursday, reaching $98.57. The company's stock had a trading volume of 231,669 shares, compared to its average volume of 187,727. The stock has a 50-day moving average price of $95.48 and a two-hundred day moving average price of $85.62. The company has a current ratio of 2.01, a quick ratio of 1.87 and a debt-to-equity ratio of 0.01. ePlus has a one year low of $53.53 and a one year high of $106.98. The stock has a market capitalization of $2.65 billion, a P/E ratio of 24.16, a price-to-earnings-growth ratio of 1.90 and a beta of 1.13.

ePlus (NASDAQ:PLUS - Get Free Report) last posted its earnings results on Tuesday, August 6th. The software maker reported $1.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by ($0.03). ePlus had a return on equity of 12.32% and a net margin of 4.98%. The company had revenue of $544.54 million for the quarter, compared to analyst estimates of $555.23 million. As a group, sell-side analysts anticipate that ePlus will post 4.67 EPS for the current fiscal year.

Insider Buying and Selling at ePlus

In other news, CFO Elaine D. Marion sold 5,000 shares of the business's stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $92.19, for a total transaction of $460,950.00. Following the transaction, the chief financial officer now directly owns 64,442 shares in the company, valued at $5,940,907.98. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.02% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC boosted its holdings in ePlus by 203.2% in the 3rd quarter. GAMMA Investing LLC now owns 376 shares of the software maker's stock valued at $37,000 after purchasing an additional 252 shares during the period. CWM LLC lifted its holdings in shares of ePlus by 1,247.7% during the 2nd quarter. CWM LLC now owns 593 shares of the software maker's stock worth $44,000 after acquiring an additional 549 shares during the period. Innealta Capital LLC bought a new stake in shares of ePlus during the 2nd quarter worth approximately $66,000. EntryPoint Capital LLC lifted its holdings in shares of ePlus by 1,236.7% during the 1st quarter. EntryPoint Capital LLC now owns 1,056 shares of the software maker's stock worth $83,000 after acquiring an additional 977 shares during the period. Finally, Atria Investments Inc bought a new stake in shares of ePlus during the 3rd quarter worth approximately $202,000. Institutional investors and hedge funds own 93.80% of the company's stock.

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.