ePlus (NASDAQ:PLUS) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of ePlus (NASDAQ:PLUS) from a hold rating to a buy rating in a research report report published on Thursday morning.

ePlus Trading Down 0.2 %

ePlus stock opened at $64.17 on Thursday. The company has a current ratio of 1.83, a quick ratio of 1.69 and a debt-to-equity ratio of 0.01. The business’s fifty day simple moving average is $73.46 and its two-hundred day simple moving average is $84.06. ePlus has a 12 month low of $61.91 and a 12 month high of $106.98. The company has a market capitalization of $1.71 billion, a price-to-earnings ratio of 16.37, a price-to-earnings-growth ratio of 1.83 and a beta of 1.10.

ePlus (NASDAQ:PLUS) last announced its quarterly earnings results on Wednesday, February 5th. The software maker reported $0.91 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.37). ePlus had a net margin of 4.93% and a return on equity of 11.23%. As a group, equities analysts predict that ePlus will post 3.78 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Smartleaf Asset Management LLC lifted its holdings in shares of ePlus by 91.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 342 shares of the software maker’s stock valued at $25,000 after purchasing an additional 163 shares in the last quarter. Larson Financial Group LLC lifted its holdings in shares of ePlus by 6,140.0% during the third quarter. Larson Financial Group LLC now owns 312 shares of the software maker’s stock valued at $31,000 after purchasing an additional 307 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of ePlus by 256.8% during the fourth quarter. Jones Financial Companies Lllp now owns 421 shares of the software maker’s stock valued at $31,000 after purchasing an additional 303 shares in the last quarter. Quarry LP lifted its holdings in shares of ePlus by 1,000.0% during the fourth quarter. Quarry LP now owns 473 shares of the software maker’s stock valued at $35,000 after purchasing an additional 430 shares in the last quarter. Finally, Johnson Financial Group Inc. bought a new position in ePlus in the fourth quarter valued at about $60,000. 93.80% of the stock is owned by institutional investors.

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.