ePlus inc. (NASDAQ:PLUS - Get Free Report)'s stock price gapped down before the market opened on Wednesday following a dissappointing earnings announcement. The stock had previously closed at $95.22, but opened at $85.00. ePlus shares last traded at $85.02, with a volume of 11,030 shares.
The software maker reported $1.17 EPS for the quarter, missing analysts' consensus estimates of $1.29 by ($0.12). The business had revenue of $515.17 million during the quarter, compared to analysts' expectations of $576.50 million. ePlus had a return on equity of 11.98% and a net margin of 5.08%.
Wall Street Analysts Forecast Growth
Separately, StockNews.com downgraded shares of ePlus from a "buy" rating to a "hold" rating in a research note on Thursday, November 7th.
Read Our Latest Research Report on PLUS
Insider Transactions at ePlus
In related news, CFO Elaine D. Marion sold 5,000 shares of the business's stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $92.19, for a total transaction of $460,950.00. Following the sale, the chief financial officer now owns 64,442 shares of the company's stock, valued at $5,940,907.98. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 2.02% of the company's stock.
Institutional Trading of ePlus
A number of institutional investors and hedge funds have recently bought and sold shares of PLUS. SG Americas Securities LLC bought a new stake in shares of ePlus during the first quarter valued at approximately $860,000. Illinois Municipal Retirement Fund increased its holdings in shares of ePlus by 5.5% in the 1st quarter. Illinois Municipal Retirement Fund now owns 15,791 shares of the software maker's stock worth $1,240,000 after purchasing an additional 822 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in shares of ePlus by 7.2% in the 1st quarter. Russell Investments Group Ltd. now owns 24,357 shares of the software maker's stock worth $1,913,000 after purchasing an additional 1,639 shares in the last quarter. ProShare Advisors LLC lifted its holdings in shares of ePlus by 7.2% during the first quarter. ProShare Advisors LLC now owns 5,361 shares of the software maker's stock valued at $421,000 after purchasing an additional 361 shares in the last quarter. Finally, UniSuper Management Pty Ltd bought a new position in shares of ePlus during the first quarter valued at $428,000. 93.80% of the stock is currently owned by institutional investors.
ePlus Price Performance
The firm has a 50-day moving average of $95.66 and a 200 day moving average of $86.11. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.01 and a quick ratio of 1.87. The company has a market capitalization of $2.15 billion, a PE ratio of 20.82, a PEG ratio of 2.04 and a beta of 1.13.
ePlus Company Profile
(
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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