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

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

ePlus Price Performance

Shares of NASDAQ:PLUS opened at $79.98 on Thursday. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.01 and a quick ratio of 1.87. ePlus has a 1-year low of $56.33 and a 1-year high of $106.98. The company has a market capitalization of $2.15 billion, a PE ratio of 19.85, a PEG ratio of 2.04 and a beta of 1.13. The business has a fifty day moving average price of $95.66 and a 200-day moving average price of $86.11.

Insider Activity at ePlus

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of PLUS. Pacer Advisors Inc. raised its stake in shares of ePlus by 19.8% in the third quarter. Pacer Advisors Inc. now owns 1,387,899 shares of the software maker’s stock worth $136,486,000 after buying an additional 229,837 shares during the period. FMR LLC raised its stake in ePlus by 70.9% during the 3rd 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 during the period. American Century Companies Inc. raised its holdings in shares of ePlus by 75.5% during the 2nd quarter. American Century Companies Inc. now owns 487,069 shares of the software maker’s stock worth $35,887,000 after acquiring an additional 209,511 shares in the last quarter. WCM Investment Management LLC raised its holdings in shares of ePlus by 3.3% during the 3rd quarter. WCM Investment Management LLC now owns 479,731 shares of the software maker’s stock worth $47,407,000 after acquiring an additional 15,294 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of ePlus by 1.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 394,903 shares of the software maker’s stock worth $38,835,000 after acquiring an additional 3,877 shares in the last quarter. 93.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com downgraded ePlus from a “buy” rating to a “hold” rating in a report 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.