ePlus (NASDAQ:PLUS) Downgraded to Hold Rating by StockNews.com

StockNews.com cut shares of ePlus (NASDAQ:PLUS) from a buy rating to a hold rating in a research report released on Wednesday morning.

ePlus Stock Performance

Shares of NASDAQ:PLUS opened at $64.15 on Wednesday. The company has a market cap 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. The company has a 50-day moving average price of $71.24 and a 200-day moving average price of $81.80. 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 12 month low of $61.75 and a 12 month high of $106.98.

ePlus (NASDAQ:PLUS) last issued its quarterly earnings data on Wednesday, February 5th. The software maker reported $0.91 EPS 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%. As a group, equities analysts anticipate that ePlus will post 3.78 EPS for the current year.

Hedge Funds Weigh In On ePlus

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Smartleaf Asset Management LLC increased its position in shares of ePlus by 91.1% during the fourth 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 period. Foundry Partners LLC increased its position in shares of ePlus by 3.8% during the fourth 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 period. Cascade Investment Advisors Inc. increased its position in shares of ePlus by 1.7% during the fourth quarter. Cascade Investment Advisors Inc. now owns 16,004 shares of the software maker’s stock valued at $1,182,000 after buying an additional 275 shares during the period. Jones Financial Companies Lllp increased its position in shares of ePlus by 256.8% during the fourth quarter. Jones Financial Companies Lllp now owns 421 shares of the software maker’s stock valued at $31,000 after buying an additional 303 shares during the period. Finally, Larson Financial Group LLC increased its position in shares of ePlus by 6,140.0% during the third quarter. Larson Financial Group LLC now owns 312 shares of the software maker’s stock valued at $31,000 after buying 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.