ePlus (NASDAQ:PLUS - Get Free Report) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating in a research note issued on Saturday.
ePlus Stock Performance
Shares of PLUS opened at $66.50 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.69 and a current ratio of 1.83. ePlus has a twelve month low of $66.44 and a twelve month high of $106.98. The firm's 50 day moving average price is $75.50 and its two-hundred day moving average price is $85.56. The firm has a market cap of $1.77 billion, a P/E ratio of 16.96, a PEG ratio of 1.85 and a beta of 1.10.
ePlus (NASDAQ:PLUS - Get Free Report) last announced its quarterly earnings data 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 return on equity of 11.23% and a net margin of 4.93%. On average, analysts forecast that ePlus will post 3.78 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the company. Castlekeep Investment Advisors LLC bought a new position in shares of ePlus in the 4th quarter worth $127,898,000. Mirabella Financial Services LLP purchased a new position in ePlus during the 4th quarter valued at about $43,517,000. 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 valued at $109,926,000 after buying an additional 463,621 shares in the last quarter. Pacer Advisors Inc. increased its position in shares of ePlus by 19.8% in the third quarter. Pacer Advisors Inc. now owns 1,387,899 shares of the software maker's stock worth $136,486,000 after purchasing an additional 229,837 shares during the last quarter. Finally, Rockefeller Capital Management L.P. bought a new position in shares of ePlus in the fourth quarter worth approximately $15,590,000. Institutional investors and hedge funds own 93.80% of the company's stock.
About ePlus
(
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.
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