ePlus (NASDAQ:PLUS) Releases Earnings Results

ePlus (NASDAQ:PLUS) posted its earnings results on Tuesday. The software maker reported $1.17 earnings per share for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.12), reports. The firm had revenue of $515.17 million for the quarter, compared to analysts’ expectations of $576.50 million. ePlus had a return on equity of 11.83% and a net margin of 5.08%.

ePlus Price Performance

PLUS stock opened at $80.48 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.87 and a current ratio of 1.85. The firm has a 50 day moving average price of $95.46 and a 200-day moving average price of $86.06. ePlus has a 52-week low of $56.33 and a 52-week high of $106.98. The firm has a market capitalization of $2.16 billion, a price-to-earnings ratio of 19.97, a PEG ratio of 1.71 and a beta of 1.13.

Insider Buying and Selling

In other ePlus news, CFO Elaine D. Marion sold 5,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $92.19, for a total transaction of $460,950.00. Following the completion of the sale, the chief financial officer now directly owns 64,442 shares in the company, valued at approximately $5,940,907.98. This trade represents a 7.20 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.02% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On ePlus

A number of institutional investors have recently made changes to their positions in PLUS. Pacer Advisors Inc. lifted its position in ePlus by 19.8% in the 3rd quarter. Pacer Advisors Inc. now owns 1,387,899 shares of the software maker’s stock valued at $136,486,000 after acquiring an additional 229,837 shares in the last quarter. FMR LLC lifted its holdings in shares of ePlus by 70.9% during the third quarter. FMR LLC now owns 1,117,812 shares of the software maker’s stock valued at $109,926,000 after purchasing an additional 463,621 shares in the last quarter. American Century Companies Inc. boosted its position in shares of ePlus by 75.5% during the second quarter. American Century Companies Inc. now owns 487,069 shares of the software maker’s stock valued at $35,887,000 after buying an additional 209,511 shares during the last quarter. WCM Investment Management LLC increased its holdings in ePlus by 3.3% in the 3rd quarter. WCM Investment Management LLC now owns 479,731 shares of the software maker’s stock worth $47,407,000 after buying an additional 15,294 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in ePlus by 1.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 394,903 shares of the software maker’s stock worth $38,835,000 after buying an additional 3,877 shares during the last quarter. Hedge funds and other institutional investors own 93.80% of the company’s stock.

Wall Street Analyst Weigh In

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

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.