ePlus (NASDAQ:PLUS) Downgraded by StockNews.com

by · The Cerbat Gem

StockNews.com downgraded shares of ePlus (NASDAQ:PLUS – Free Report) from a buy rating to a hold rating in a research note released on Wednesday morning.

ePlus Stock Up 3.4 %

PLUS opened at $98.30 on Wednesday. ePlus has a 12 month low of $53.53 and a 12 month high of $102.32. The company has a current ratio of 2.01, a quick ratio of 1.87 and a debt-to-equity ratio of 0.01. The business’s 50-day moving average price is $92.02 and its 200-day moving average price is $82.29. The company has a market cap of $2.65 billion, a P/E ratio of 22.70, a P/E/G ratio of 2.11 and a beta of 1.11.

ePlus (NASDAQ:PLUS – Get Free Report) last announced its quarterly earnings results on Tuesday, August 6th. The software maker reported $1.02 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.03). The company had revenue of $544.54 million during the quarter, compared to analysts’ expectations of $555.23 million. ePlus had a return on equity of 12.32% and a net margin of 4.98%. On average, equities analysts expect that ePlus will post 4.67 EPS for the current year.

Insiders Place Their Bets

In related news, CFO Elaine D. Marion sold 5,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $92.19, for a total value of $460,950.00. Following the sale, the chief financial officer now directly owns 64,442 shares of the company’s stock, valued at $5,940,907.98. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 2.41% of the company’s stock.

Hedge Funds Weigh In On ePlus

A number of hedge funds and other institutional investors have recently made changes to their positions in PLUS. Franklin Resources Inc. increased its position in ePlus by 2.4% during the 4th quarter. Franklin Resources Inc. now owns 15,418 shares of the software maker’s stock valued at $1,231,000 after purchasing an additional 362 shares during the period. Campbell & CO Investment Adviser LLC boosted its stake in shares of ePlus by 134.6% during the 4th quarter. Campbell & CO Investment Adviser LLC now owns 8,269 shares of the software maker’s stock valued at $660,000 after purchasing an additional 4,744 shares in the last quarter. Argent Capital Management LLC boosted its stake in shares of ePlus by 8.6% during the 4th quarter. Argent Capital Management LLC now owns 9,188 shares of the software maker’s stock valued at $734,000 after purchasing an additional 724 shares in the last quarter. Gobi Capital LLC purchased a new position in shares of ePlus during the fourth quarter valued at about $49,190,000. Finally, Vanguard Group Inc. raised its stake in ePlus by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 2,403,588 shares of the software maker’s stock worth $191,902,000 after buying an additional 27,582 shares in the last quarter. Institutional investors own 93.80% of the company’s stock.

About ePlus

(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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