StockNews.com cut shares of ePlus (NASDAQ:PLUS - Free Report) from a buy rating to a hold rating in a report published on Wednesday morning.
ePlus Stock Performance
Shares of ePlus stock traded up $0.29 during trading on Wednesday, hitting $64.15. 1,610,601 shares of the stock were exchanged, compared to its average volume of 242,141. 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 company has a fifty day moving average price of $71.24 and a 200-day moving average price of $81.68. The stock has a market capitalization of $1.71 billion, a price-to-earnings ratio of 16.36, a price-to-earnings-growth ratio of 1.83 and a beta of 1.15. ePlus has a 1-year low of $61.75 and a 1-year high of $106.98.
ePlus (NASDAQ:PLUS - Get Free Report) last announced its quarterly 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 return on equity of 11.23% and a net margin of 4.93%. As a group, equities analysts predict that ePlus will post 3.78 EPS for the current fiscal year.
Institutional Investors Weigh In On ePlus
Several hedge funds have recently added to or reduced their stakes in PLUS. Castlekeep Investment Advisors LLC bought a new position in shares of ePlus in the fourth quarter valued at about $127,898,000. Mirabella Financial Services LLP bought a new position in ePlus in the 4th quarter valued at about $43,517,000. FMR LLC lifted its position in ePlus by 70.9% during the third quarter. FMR LLC now owns 1,117,812 shares of the software maker's stock worth $109,926,000 after acquiring an additional 463,621 shares during the last quarter. Pacer Advisors Inc. lifted its position in ePlus by 19.8% during the third quarter. Pacer Advisors Inc. now owns 1,387,899 shares of the software maker's stock worth $136,486,000 after acquiring an additional 229,837 shares during the last quarter. Finally, Rockefeller Capital Management L.P. bought a new stake in shares of ePlus during the fourth quarter worth approximately $15,590,000. Institutional investors and hedge funds own 93.80% of the company's stock.
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.
Featured Articles
Before you consider ePlus, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ePlus wasn't on the list.
While ePlus currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
