ePlus inc. (NASDAQ:PLUS - Get Free Report)'s stock price reached a new 52-week low on Thursday . The company traded as low as $65.33 and last traded at $65.48, with a volume of 84025 shares traded. The stock had previously closed at $66.11.
Wall Street Analyst Weigh In
Separately, StockNews.com downgraded shares of ePlus from a "buy" rating to a "hold" rating in a research note on Saturday, February 22nd.
Check Out Our Latest Stock Analysis on PLUS
ePlus Stock Performance
The stock's 50 day moving average price is $74.07 and its 200 day moving average price is $84.54. The company has a current ratio of 1.83, a quick ratio of 1.69 and a debt-to-equity ratio of 0.01. The firm has a market cap of $1.67 billion, a PE ratio of 16.04, a P/E/G ratio of 1.83 and a beta of 1.10.
ePlus (NASDAQ:PLUS - Get Free Report) last issued its earnings results on Wednesday, February 5th. The software maker reported $0.91 EPS for the quarter, missing analysts' consensus estimates 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 forecast that ePlus inc. will post 3.78 earnings per share for the current fiscal year.
Institutional Investors Weigh In On ePlus
A number of large investors have recently added to or reduced their stakes in the company. Castlekeep Investment Advisors LLC acquired a new stake in ePlus during the 4th quarter valued at $127,898,000. Pacer Advisors Inc. grew its holdings in ePlus by 19.8% during the 3rd quarter. Pacer Advisors Inc. now owns 1,387,899 shares of the software maker's stock worth $136,486,000 after acquiring an additional 229,837 shares in the last quarter. FMR LLC grew its holdings in ePlus by 70.9% during the 3rd quarter. FMR LLC now owns 1,117,812 shares of the software maker's stock worth $109,926,000 after acquiring an additional 463,621 shares in the last quarter. State Street Corp grew its holdings in ePlus by 0.6% during the 3rd quarter. State Street Corp now owns 1,021,341 shares of the software maker's stock worth $100,439,000 after acquiring an additional 6,241 shares in the last quarter. Finally, Wellington Management Group LLP grew its holdings in ePlus by 20.4% during the 3rd quarter. Wellington Management Group LLP now owns 968,998 shares of the software maker's stock worth $95,291,000 after acquiring an additional 164,016 shares in the last quarter. 93.80% of the stock is owned by institutional investors and hedge funds.
ePlus Company Profile
(
Get Free Report)
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.
Featured Stories
Before you consider ePlus, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ePlus wasn't on the list.
While ePlus currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
