ePlus (NASDAQ:PLUS) Hits New 1-Year Low - What's Next?

ePlus inc. (NASDAQ:PLUS - Get Free Report) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $67.34 and last traded at $67.43, with a volume of 11885 shares changing hands. The stock had previously closed at $69.06.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of ePlus from a "hold" rating to a "buy" rating in a research report on Friday.

ePlus Price Performance

The company has a quick ratio of 1.71, a current ratio of 1.83 and a debt-to-equity ratio of 0.01. The stock has a market cap of $1.88 billion, a PE ratio of 17.94, a price-to-earnings-growth ratio of 1.65 and a beta of 1.10. The company's fifty day moving average is $76.26 and its 200 day moving average is $86.04.

ePlus (NASDAQ:PLUS - Get Free Report) last released its quarterly 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 return on equity of 11.23% and a net margin of 4.93%. As a group, sell-side analysts anticipate that ePlus inc. will post 4.26 earnings per share for the current fiscal year.

Hedge Funds Weigh In On ePlus

Several large investors have recently added to or reduced their stakes in PLUS. Smartleaf Asset Management LLC lifted its holdings in shares of ePlus by 91.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 342 shares of the software maker's stock worth $25,000 after purchasing an additional 163 shares during the last quarter. GAMMA Investing LLC lifted its stake in ePlus by 203.2% in the third quarter. GAMMA Investing LLC now owns 376 shares of the software maker's stock valued at $37,000 after buying an additional 252 shares during the last quarter. Foundry Partners LLC boosted its holdings in shares of ePlus by 3.8% during the fourth quarter. Foundry Partners LLC now owns 7,469 shares of the software maker's stock valued at $552,000 after acquiring an additional 274 shares during the period. Cascade Investment Advisors Inc. grew its position in shares of ePlus by 1.7% during the fourth quarter. Cascade Investment Advisors Inc. now owns 16,004 shares of the software maker's stock worth $1,182,000 after acquiring an additional 275 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its position in ePlus by 256.8% in the 4th quarter. Jones Financial Companies Lllp now owns 421 shares of the software maker's stock valued at $31,000 after purchasing an additional 303 shares during the last quarter. 93.80% of the stock is currently 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.