ePlus (NASDAQ:PLUS) Releases Earnings Results, Misses Expectations By $0.12 EPS

ePlus (NASDAQ:PLUS) released 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 return on equity of 11.83% and a net margin of 5.08%. The business had revenue of $515.17 million during the quarter, compared to the consensus estimate of $576.50 million.

ePlus Price Performance

PLUS stock opened at $80.48 on Friday. The firm has a 50 day moving average of $95.46 and a 200-day moving average of $86.06. The firm has a market capitalization of $2.16 billion, a P/E ratio of 19.97, a price-to-earnings-growth ratio of 1.71 and a beta of 1.13. ePlus has a 12 month low of $56.33 and a 12 month high of $106.98. The company has a current ratio of 1.85, a quick ratio of 1.87 and a debt-to-equity ratio of 0.01.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other news, CFO Elaine D. Marion sold 5,000 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $92.19, for a total transaction of $460,950.00. Following the completion of the transaction, the chief financial officer now owns 64,442 shares of the company’s stock, valued at approximately $5,940,907.98. The trade was a 7.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.02% of the company’s stock.

Institutional Investors Weigh In On ePlus

Several hedge funds have recently bought and sold shares of PLUS. Larson Financial Group LLC raised its position in shares of ePlus by 6,140.0% during the 3rd quarter. Larson Financial Group LLC now owns 312 shares of the software maker’s stock valued at $31,000 after buying an additional 307 shares in the last quarter. GAMMA Investing LLC lifted its stake in ePlus by 203.2% during the third quarter. GAMMA Investing LLC now owns 376 shares of the software maker’s stock worth $37,000 after purchasing an additional 252 shares during the last quarter. CWM LLC boosted its holdings in shares of ePlus by 1,247.7% in the 2nd quarter. CWM LLC now owns 593 shares of the software maker’s stock worth $44,000 after purchasing an additional 549 shares in the last quarter. Innealta Capital LLC bought a new position in shares of ePlus during the 2nd quarter valued at about $66,000. Finally, EntryPoint Capital LLC raised its holdings in shares of ePlus by 1,236.7% during the 1st quarter. EntryPoint Capital LLC now owns 1,056 shares of the software maker’s stock valued at $83,000 after buying an additional 977 shares in 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.