ePlus (NASDAQ:PLUS) Stock Rating Lowered by Wall Street Zen

ePlus (NASDAQ:PLUS - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Friday.

ePlus Stock Performance

NASDAQ PLUS traded up $0.03 during trading hours on Friday, reaching $73.21. The stock had a trading volume of 745,175 shares, compared to its average volume of 173,624. ePlus has a 52-week low of $53.83 and a 52-week high of $106.98. The stock has a fifty day moving average of $67.68 and a 200 day moving average of $68.90. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.56 and a current ratio of 1.71. The stock has a market cap of $1.94 billion, a P/E ratio of 18.08, a price-to-earnings-growth ratio of 1.85 and a beta of 1.15.

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

Institutional Investors Weigh In On ePlus

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Swedbank AB boosted its stake in shares of ePlus by 116.7% in the first quarter. Swedbank AB now owns 325,000 shares of the software maker's stock worth $19,835,000 after buying an additional 175,000 shares during the last quarter. Voya Investment Management LLC raised its position in ePlus by 40.8% during the first quarter. Voya Investment Management LLC now owns 31,757 shares of the software maker's stock valued at $1,938,000 after acquiring an additional 9,197 shares in the last quarter. Inspire Investing LLC lifted its holdings in ePlus by 10.4% in the first quarter. Inspire Investing LLC now owns 6,505 shares of the software maker's stock valued at $397,000 after acquiring an additional 613 shares during the period. Strs Ohio purchased a new stake in ePlus in the 1st quarter worth approximately $726,000. Finally, Jane Street Group LLC boosted its position in ePlus by 1,986.6% in the 1st quarter. Jane Street Group LLC now owns 103,348 shares of the software maker's stock worth $6,307,000 after purchasing an additional 98,395 shares in the last quarter. 93.80% of the stock is owned by institutional investors and hedge funds.

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.

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