ePlus (NASDAQ:PLUS) Reaches New 1-Year Low – Here’s What Happened

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

Analysts Set New Price Targets

Separately, StockNews.com raised ePlus from a “hold” rating to a “buy” rating in a report on Friday, February 14th.

ePlus Stock Performance

The company has a market capitalization of $1.78 billion, a P/E ratio of 17.03, a price-to-earnings-growth ratio of 1.85 and a beta of 1.10. The firm has a 50 day moving average price of $75.50 and a two-hundred day moving average price of $85.56. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.69 and a current ratio of 1.83.

ePlus (NASDAQ:PLUS) last released its quarterly earnings data on Wednesday, February 5th. The software maker reported $0.91 earnings per share 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%. On average, research analysts expect that ePlus inc. will post 3.78 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ePlus

Several large investors have recently modified their holdings of PLUS. CWM LLC grew its stake in shares of ePlus by 170.2% in the 3rd quarter. CWM LLC now owns 1,602 shares of the software maker’s stock valued at $158,000 after purchasing an additional 1,009 shares during the period. Creative Planning bought a new stake in ePlus during the 3rd quarter worth approximately $280,000. Argent Capital Management LLC grew its position in ePlus by 15.1% during the 3rd quarter. Argent Capital Management LLC now owns 14,602 shares of the software maker’s stock worth $1,436,000 after acquiring an additional 1,919 shares during the last quarter. GHP Investment Advisors Inc. grew its position in ePlus by 0.7% during the 3rd quarter. GHP Investment Advisors Inc. now owns 102,809 shares of the software maker’s stock worth $10,110,000 after acquiring an additional 738 shares during the last quarter. Finally, Smith Group Asset Management LLC grew its position in ePlus by 25.1% during the 3rd quarter. Smith Group Asset Management LLC now owns 6,650 shares of the software maker’s stock worth $654,000 after acquiring an additional 1,333 shares during the last quarter. 93.80% of the stock is currently 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.