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 note issued to investors on Thursday morning.

ePlus Stock Performance

Shares of PLUS stock opened at $64.25 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. ePlus has a 12-month low of $61.75 and a 12-month high of $106.98. The business’s 50 day moving average is $70.12 and its two-hundred day moving average is $81.11. The company has a market capitalization of $1.71 billion, a P/E ratio of 16.39, a P/E/G ratio of 1.83 and a beta of 1.15.

ePlus (NASDAQ:PLUS) last posted its quarterly earnings data on Wednesday, February 5th. The software maker reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.28 by ($0.37). ePlus had a return on equity of 11.23% and a net margin of 4.93%. Analysts expect that ePlus will post 3.78 EPS for the current fiscal year.

Institutional Investors Weigh In On ePlus

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC lifted its holdings in ePlus by 91.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 342 shares of the software maker’s stock worth $25,000 after buying an additional 163 shares in the last quarter. Foundry Partners LLC increased its position in shares of ePlus by 3.8% during the fourth quarter. Foundry Partners LLC now owns 7,469 shares of the software maker’s stock worth $552,000 after acquiring an additional 274 shares during the period. Cascade Investment Advisors Inc. raised its stake in shares of ePlus by 1.7% in the fourth quarter. Cascade Investment Advisors Inc. now owns 16,004 shares of the software maker’s stock valued at $1,182,000 after acquiring an additional 275 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in ePlus by 256.8% in 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 during the period. Finally, Larson Financial Group LLC grew its stake in ePlus by 6,140.0% during the 3rd quarter. Larson Financial Group LLC now owns 312 shares of the software maker’s stock worth $31,000 after purchasing an additional 307 shares in the last quarter. Hedge funds and other 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.