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

ePlus (NASDAQ:PLUS) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

ePlus Price Performance

ePlus stock opened at $95.38 on Wednesday. The business’s 50-day simple moving average is $91.39 and its 200 day simple moving average is $81.84. The stock has a market cap of $2.57 billion, a price-to-earnings ratio of 22.03, a P/E/G ratio of 2.11 and a beta of 1.11. ePlus has a 12-month low of $53.53 and a 12-month high of $102.32. The company has a quick ratio of 1.87, a current ratio of 2.01 and a debt-to-equity ratio of 0.01.

ePlus (NASDAQ:PLUS) last released its earnings results on Tuesday, August 6th. The software maker reported $1.02 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.03). ePlus had a net margin of 4.98% and a return on equity of 12.32%. The company had revenue of $544.54 million during the quarter, compared to analyst estimates of $555.23 million. As a group, research analysts anticipate that ePlus will post 4.67 earnings per share for the current year.

Insider Buying and Selling at ePlus

In other ePlus news, CFO Elaine D. Marion sold 5,000 shares of the 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 transaction, the chief financial officer now owns 64,442 shares of the company’s stock, valued at $5,940,907.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 2.41% of the company’s stock.

Institutional Investors Weigh In On ePlus

Hedge funds have recently modified their holdings of the business. CWM LLC raised its position in shares of ePlus by 1,247.7% during the second quarter. CWM LLC now owns 593 shares of the software maker’s stock worth $44,000 after purchasing an additional 549 shares during the period. YHB Investment Advisors Inc. acquired a new stake in shares of ePlus during the first quarter worth about $58,000. Innealta Capital LLC acquired a new stake in shares of ePlus during the second quarter worth about $66,000. EntryPoint Capital LLC raised its position in shares of ePlus by 1,236.7% during the first quarter. EntryPoint Capital LLC now owns 1,056 shares of the software maker’s stock worth $83,000 after purchasing an additional 977 shares during the period. Finally, Picton Mahoney Asset Management acquired a new stake in shares of ePlus during the second quarter worth about $156,000. Institutional investors and hedge funds 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.