ePlus (NASDAQ:PLUS) Sets New 52-Week Low – Should You Sell?

ePlus inc. (NASDAQ:PLUS) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $66.70 and last traded at $66.70, with a volume of 92582 shares trading hands. The stock had previously closed at $69.06.

Analysts Set New Price Targets

Separately, StockNews.com cut ePlus from a “buy” rating to a “hold” rating in a research note on Saturday.

ePlus Price Performance

The company has a 50 day simple moving average of $75.28 and a 200-day simple moving average of $85.47. The stock has a market cap of $1.77 billion, a price-to-earnings ratio of 16.96, a PEG ratio of 1.83 and a beta of 1.10. The company has a quick ratio of 1.69, a current ratio of 1.83 and a debt-to-equity ratio of 0.01.

ePlus (NASDAQ:PLUS) last posted its earnings results 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, research analysts anticipate that ePlus inc. will post 3.78 EPS for the current fiscal year.

Hedge Funds Weigh In On ePlus

Institutional investors have recently made changes to their positions in the stock. HighTower Advisors LLC bought a new position in shares of ePlus during the third quarter valued at approximately $227,000. Geode Capital Management LLC grew its holdings in ePlus by 16.8% in the 3rd quarter. Geode Capital Management LLC now owns 731,909 shares of the software maker’s stock worth $71,987,000 after buying an additional 105,526 shares in the last quarter. Barclays PLC grew its holdings in ePlus by 82.3% in the 3rd quarter. Barclays PLC now owns 80,328 shares of the software maker’s stock worth $7,899,000 after buying an additional 36,267 shares in the last quarter. Jane Street Group LLC grew its holdings in ePlus by 62.7% in the 3rd quarter. Jane Street Group LLC now owns 36,915 shares of the software maker’s stock worth $3,630,000 after buying an additional 14,227 shares in the last quarter. Finally, Argent Capital Management LLC grew its holdings in ePlus by 38.1% in the 4th quarter. Argent Capital Management LLC now owns 20,166 shares of the software maker’s stock worth $1,490,000 after buying an additional 5,564 shares in the last quarter. 93.80% of the stock is owned by institutional investors.

About ePlus

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.