ePlus (NASDAQ:PLUS) Hits New 1-Year Low – Should You Sell?

ePlus inc. (NASDAQ:PLUS)’s share price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $61.75 and last traded at $61.96, with a volume of 162749 shares changing hands. The stock had previously closed at $63.86.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of ePlus from a “buy” rating to a “hold” rating in a report on Wednesday.

ePlus Stock Up 0.5 %

The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.69 and a current ratio of 1.83. The stock has a market capitalization of $1.71 billion, a P/E ratio of 16.36, a price-to-earnings-growth ratio of 1.83 and a beta of 1.15. The stock’s fifty day simple moving average is $71.24 and its two-hundred day simple moving average is $81.74.

ePlus (NASDAQ:PLUS) last posted its 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 return on equity of 11.23% and a net margin of 4.93%. As a group, research analysts expect that ePlus inc. will post 3.78 EPS for the current fiscal year.

Institutional Investors Weigh In On ePlus

A number of institutional investors have recently added to or reduced their stakes in the business. Castlekeep Investment Advisors LLC bought a new stake in ePlus during the 4th quarter worth approximately $1,711,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of ePlus by 18.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 71,660 shares of the software maker’s stock valued at $5,294,000 after purchasing an additional 11,193 shares during the last quarter. Squarepoint Ops LLC boosted its stake in shares of ePlus by 287.1% in the 4th quarter. Squarepoint Ops LLC now owns 12,043 shares of the software maker’s stock valued at $890,000 after purchasing an additional 8,932 shares during the last quarter. Sherbrooke Park Advisers LLC bought a new stake in shares of ePlus in the 4th quarter valued at $213,000. Finally, ProShare Advisors LLC boosted its stake in shares of ePlus by 44.5% in the 4th quarter. ProShare Advisors LLC now owns 7,934 shares of the software maker’s stock valued at $586,000 after purchasing an additional 2,443 shares during the last quarter. 93.80% of the stock is 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.