ePlus (NASDAQ:PLUS) Sets New 12-Month Low – Should You Sell?

Shares of ePlus inc. (NASDAQ:PLUS) hit a new 52-week low during trading on Thursday . The stock traded as low as $58.28 and last traded at $58.28, with a volume of 6306 shares. The stock had previously closed at $62.09.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of ePlus from a “hold” rating to a “buy” rating in a report on Thursday, March 27th.

ePlus Stock Down 2.2 %

The company has a market capitalization of $1.52 billion, a price-to-earnings ratio of 14.58, a P/E/G ratio of 1.83 and a beta of 1.15. The business has a fifty day simple moving average of $67.66 and a two-hundred day simple moving average of $79.90. 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 announced its quarterly earnings results on Wednesday, February 5th. The software maker reported $0.91 earnings per share 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%. Equities analysts expect that ePlus inc. will post 3.78 EPS for the current year.

Institutional Trading of ePlus

Hedge funds have recently modified their holdings of the company. Smartleaf Asset Management LLC increased its holdings in ePlus by 91.1% during 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 in the last quarter. Jones Financial Companies Lllp increased its stake in shares of ePlus by 256.8% in the fourth quarter. Jones Financial Companies Lllp now owns 421 shares of the software maker’s stock valued at $31,000 after buying an additional 303 shares in the last quarter. Quarry LP raised its holdings in shares of ePlus by 1,000.0% in the fourth quarter. Quarry LP now owns 473 shares of the software maker’s stock valued at $35,000 after buying 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 buying an additional 563 shares in the last quarter. Finally, Johnson Financial Group Inc. bought a new stake in ePlus during the 4th quarter worth about $60,000. Institutional investors and hedge funds own 93.80% of the company’s stock.

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.