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

ePlus (NASDAQ:PLUS) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday.

ePlus Stock Up 2.2 %

Shares of NASDAQ:PLUS opened at $65.58 on Thursday. The company’s fifty day moving average is $73.30 and its two-hundred day moving average is $83.88. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.69 and a current ratio of 1.83. ePlus has a 1-year low of $61.91 and a 1-year high of $106.98. The stock has a market capitalization of $1.75 billion, a price-to-earnings ratio of 16.73, a price-to-earnings-growth ratio of 1.83 and a beta of 1.15.

ePlus (NASDAQ:PLUS) last issued its earnings results on Wednesday, February 5th. The software maker reported $0.91 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%. Equities analysts anticipate that ePlus will post 3.78 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Creative Planning bought a new stake in shares of ePlus during the third quarter valued at approximately $280,000. Assetmark Inc. boosted its position in ePlus by 3.8% during the 3rd quarter. Assetmark Inc. now owns 18,943 shares of the software maker’s stock worth $1,863,000 after acquiring an additional 699 shares during the period. Atria Investments Inc bought a new position in shares of ePlus in the third quarter worth $202,000. WCM Investment Management LLC increased its holdings in shares of ePlus by 3.3% during the third quarter. WCM Investment Management LLC now owns 479,731 shares of the software maker’s stock valued at $47,407,000 after purchasing an additional 15,294 shares during the period. Finally, Entropy Technologies LP bought a new stake in shares of ePlus during the third quarter valued at about $335,000. Institutional investors own 93.80% of the company’s stock.

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.