ePlus (NASDAQ:PLUS) Stock Rating Lowered by StockNews.com

ePlus (NASDAQ:PLUS) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Saturday.

ePlus Trading Down 3.7 %

NASDAQ:PLUS opened at $66.50 on Friday. ePlus has a 52 week low of $66.44 and a 52 week high of $106.98. The firm has a 50-day moving average price of $75.28 and a two-hundred day moving average price of $85.51. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.69 and a current ratio of 1.83. The firm has a market cap of $1.77 billion, a price-to-earnings ratio of 16.96, a price-to-earnings-growth ratio of 1.83 and a beta of 1.10.

ePlus (NASDAQ:PLUS) last issued its quarterly earnings results on Wednesday, February 5th. The software maker reported $0.91 EPS for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.37). ePlus had a net margin of 4.93% and a return on equity of 11.23%. On average, equities analysts expect that ePlus will post 3.78 earnings per share for the current fiscal year.

Hedge Funds Weigh In On ePlus

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Castlekeep Investment Advisors LLC bought a new stake in ePlus in the fourth quarter worth about $1,711,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of ePlus by 18.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 71,660 shares of the software maker’s stock worth $5,294,000 after purchasing an additional 11,193 shares during the last quarter. Squarepoint Ops LLC raised its holdings in shares of ePlus by 287.1% in the 4th quarter. Squarepoint Ops LLC now owns 12,043 shares of the software maker’s stock worth $890,000 after purchasing an additional 8,932 shares during the period. Sherbrooke Park Advisers LLC purchased a new position in ePlus in the fourth quarter valued at approximately $213,000. Finally, ProShare Advisors LLC grew its holdings in ePlus by 44.5% during the fourth quarter. ProShare Advisors LLC now owns 7,934 shares of the software maker’s stock valued at $586,000 after purchasing an additional 2,443 shares during the period. 93.80% of the stock is owned by hedge funds and other institutional investors.

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.