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

ePlus inc. (NASDAQ:PLUS - Get Free Report)'s share price reached a new 52-week low during trading on Thursday . The company traded as low as $58.28 and last traded at $58.28, with a volume of 6306 shares changing hands. The stock had previously closed at $62.09.

Analysts Set New Price Targets

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

ePlus Price Performance

The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.69 and a current ratio of 1.83. The stock has a market capitalization of $1.47 billion, a PE ratio of 14.11, a price-to-earnings-growth ratio of 1.83 and a beta of 1.12. The stock's 50 day moving average is $67.21 and its two-hundred day moving average is $79.36.

ePlus (NASDAQ:PLUS - Get Free Report) last released its earnings results on Wednesday, February 5th. The software maker reported $0.91 earnings per share for the quarter, missing the consensus estimate of $1.28 by ($0.37). ePlus had a net margin of 4.93% and a return on equity of 11.23%. On average, equities analysts anticipate that ePlus inc. will post 3.78 EPS for the current fiscal year.

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Institutional Investors Weigh In On ePlus

Hedge funds have recently modified their holdings of the business. GAMMA Investing LLC grew its stake in ePlus by 44,179.4% during the 1st quarter. GAMMA Investing LLC now owns 62,434 shares of the software maker's stock valued at $3,810,000 after acquiring an additional 62,293 shares in the last quarter. Versant Capital Management Inc grew its position in shares of ePlus by 377.9% in the first quarter. Versant Capital Management Inc now owns 712 shares of the software maker's stock valued at $43,000 after purchasing an additional 563 shares in the last quarter. Castlekeep Investment Advisors LLC purchased a new stake in shares of ePlus in the fourth quarter valued at approximately $1,711,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of ePlus by 18.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 71,660 shares of the software maker's stock valued at $5,294,000 after purchasing an additional 11,193 shares during the last quarter. Finally, Squarepoint Ops LLC lifted its position in ePlus by 287.1% during the fourth quarter. Squarepoint Ops LLC now owns 12,043 shares of the software maker's stock worth $890,000 after buying an additional 8,932 shares in the last quarter. 93.80% of the stock is currently owned by institutional investors and hedge funds.

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.