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

ePlus (NASDAQ:PLUS - Get Free Report) was downgraded by stock analysts at StockNews.com from a "buy" rating to a "hold" rating in a research note issued on Saturday.

ePlus Stock Down 3.7 %

PLUS stock opened at $66.50 on Friday. The stock's fifty day simple moving average is $75.50 and its two-hundred day simple moving average is $85.56. The company has a current ratio of 1.83, a quick ratio of 1.69 and a debt-to-equity ratio of 0.01. ePlus has a 1-year low of $66.44 and a 1-year high of $106.98. The stock has a market cap of $1.77 billion, a P/E ratio of 16.96, a P/E/G ratio of 1.85 and a beta of 1.10.

ePlus (NASDAQ:PLUS - Get Free Report) last issued its quarterly 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%. Analysts expect that ePlus will post 3.78 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Smartleaf Asset Management LLC lifted its position in shares of ePlus by 91.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 342 shares of the software maker's stock valued at $25,000 after buying an additional 163 shares during the last quarter. Foundry Partners LLC lifted its position in shares of ePlus by 3.8% during the 4th quarter. Foundry Partners LLC now owns 7,469 shares of the software maker's stock valued at $552,000 after buying an additional 274 shares during the last quarter. Cascade Investment Advisors Inc. raised its stake in shares of ePlus by 1.7% during the 4th quarter. Cascade Investment Advisors Inc. now owns 16,004 shares of the software maker's stock valued at $1,182,000 after purchasing an additional 275 shares during the period. Jones Financial Companies Lllp raised its stake in shares of ePlus by 256.8% during 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 period. Finally, Larson Financial Group LLC raised its stake in shares of ePlus by 6,140.0% during the 3rd quarter. Larson Financial Group LLC now owns 312 shares of the software maker's stock valued at $31,000 after purchasing an additional 307 shares during the period. Hedge funds and other institutional investors own 93.80% of the company's stock.

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.

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