ePlus (NASDAQ:PLUS) Reaches New 12-Month Low - Should You Sell?

Shares of ePlus inc. (NASDAQ:PLUS - Get Free Report) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $61.75 and last traded at $61.96, with a volume of 162749 shares trading hands. The stock had previously closed at $63.86.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of ePlus from a "buy" rating to a "hold" rating in a research report on Wednesday, March 19th.

ePlus Price Performance

The stock has a fifty day moving average of $71.01 and a two-hundred day moving average of $81.51. 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 stock has a market capitalization of $1.73 billion, a price-to-earnings ratio of 16.61, a PEG ratio of 1.83 and a beta of 1.15.

ePlus (NASDAQ:PLUS - Get Free Report) last announced its earnings results on Wednesday, February 5th. The software maker reported $0.91 earnings per share 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 research analysts forecast that ePlus inc. will post 3.78 earnings per share for the current year.

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Hedge Funds Weigh In On ePlus

Institutional investors have recently modified their holdings of the stock. Castlekeep Investment Advisors LLC acquired a new stake in shares of ePlus in the fourth quarter valued at approximately $127,898,000. FMR LLC boosted its position in ePlus by 70.9% in 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 during the last quarter. State Street Corp increased its stake in shares of ePlus by 0.6% in the 3rd quarter. State Street Corp now owns 1,021,341 shares of the software maker's stock valued at $100,439,000 after buying an additional 6,241 shares during the period. Wellington Management Group LLP increased its stake in shares of ePlus by 20.4% in the 3rd quarter. Wellington Management Group LLP now owns 968,998 shares of the software maker's stock valued at $95,291,000 after buying an additional 164,016 shares during the period. Finally, American Century Companies Inc. raised its position in shares of ePlus by 18.2% during the fourth quarter. American Century Companies Inc. now owns 790,332 shares of the software maker's stock worth $58,390,000 after acquiring an additional 121,945 shares during the last quarter. 93.80% of the stock is 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.