ePlus (NASDAQ:PLUS) Announces Quarterly Earnings Results

ePlus (NASDAQ:PLUS) announced its quarterly earnings data on Tuesday. The software maker reported $1.17 EPS for the quarter, missing the consensus estimate of $1.29 by ($0.12), reports. ePlus had a net margin of 5.08% and a return on equity of 11.98%. The business had revenue of $515.17 million during the quarter, compared to the consensus estimate of $576.50 million.

ePlus Trading Down 16.0 %

ePlus stock opened at $79.98 on Thursday. The stock has a 50-day moving average of $95.66 and a two-hundred day moving average of $86.11. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.87 and a current ratio of 2.01. ePlus has a one year low of $56.33 and a one year high of $106.98. The stock has a market cap of $2.15 billion, a PE ratio of 19.85, a price-to-earnings-growth ratio of 2.04 and a beta of 1.13.

Analysts Set New Price Targets

Separately, StockNews.com downgraded ePlus from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th.

Insider Buying and Selling at ePlus

In other news, CFO Elaine D. Marion sold 5,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $92.19, for a total value of $460,950.00. Following the completion of the transaction, the chief financial officer now directly owns 64,442 shares in the company, valued at $5,940,907.98. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 2.02% of the stock is currently owned by company insiders.

Institutional Trading of ePlus

Several hedge funds and other institutional investors have recently bought and sold shares of PLUS. LSV Asset Management grew its holdings in ePlus by 349.0% in the first quarter. LSV Asset Management now owns 16,165 shares of the software maker’s stock valued at $1,270,000 after purchasing an additional 12,565 shares during the period. SG Americas Securities LLC acquired a new stake in shares of ePlus in the first quarter valued at $860,000. Illinois Municipal Retirement Fund grew its stake in shares of ePlus by 5.5% in the first quarter. Illinois Municipal Retirement Fund now owns 15,791 shares of the software maker’s stock valued at $1,240,000 after buying an additional 822 shares in the last quarter. Inspire Advisors LLC acquired a new position in ePlus during the 1st quarter worth $202,000. Finally, Russell Investments Group Ltd. grew its stake in ePlus by 7.2% during the 1st quarter. Russell Investments Group Ltd. now owns 24,357 shares of the software maker’s stock worth $1,913,000 after purchasing an additional 1,639 shares in the last quarter. 93.80% of the stock is owned by institutional investors and hedge funds.

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.