Wall Street Zen Downgrades ePlus (NASDAQ:PLUS) to Hold

Wall Street Zen downgraded shares of ePlus (NASDAQ:PLUS - Free Report) from a buy rating to a hold rating in a report issued on Friday.

ePlus Stock Down 1.5%

Shares of PLUS stock traded down $1.11 on Friday, hitting $72.10. The company's stock had a trading volume of 193,285 shares, compared to its average volume of 196,519. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.71 and a quick ratio of 1.56. ePlus has a fifty-two week low of $53.83 and a fifty-two week high of $106.98. The firm's fifty day moving average price is $67.68 and its 200-day moving average price is $68.75. The stock has a market capitalization of $1.91 billion, a price-to-earnings ratio of 17.80, a P/E/G ratio of 1.85 and a beta of 1.15.

ePlus (NASDAQ:PLUS - Get Free Report) last released its quarterly earnings data on Thursday, May 22nd. The software maker reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.08. ePlus had a net margin of 5.22% and a return on equity of 11.34%. The business had revenue of $498.11 million during the quarter, compared to analyst estimates of $523.85 million. Research analysts anticipate that ePlus will post 3.78 EPS for the current year.

Institutional Investors Weigh In On ePlus

Several institutional investors and hedge funds have recently modified their holdings of PLUS. Smartleaf Asset Management LLC lifted its stake in shares of ePlus by 91.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 342 shares of the software maker's stock valued at $25,000 after purchasing an additional 163 shares during the last quarter. Jones Financial Companies Lllp lifted its position in ePlus by 256.8% during the 4th quarter. Jones Financial Companies Lllp now owns 421 shares of the software maker's stock worth $31,000 after acquiring an additional 303 shares during the last quarter. Quarry LP lifted its position in ePlus by 1,000.0% during the 4th quarter. Quarry LP now owns 473 shares of the software maker's stock worth $35,000 after acquiring an additional 430 shares during the last quarter. Versant Capital Management Inc lifted its position in ePlus by 377.9% during the 1st quarter. Versant Capital Management Inc now owns 712 shares of the software maker's stock worth $43,000 after acquiring an additional 563 shares during the last quarter. Finally, Johnson Financial Group Inc. acquired a new position in ePlus during the 4th quarter worth $60,000. 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.