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

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

ePlus Trading Down 3.6 %

Shares of ePlus stock opened at $61.93 on Thursday. The stock has a market capitalization of $1.65 billion, a PE ratio of 15.80, a price-to-earnings-growth ratio of 1.83 and a beta of 1.15. ePlus has a 52 week low of $61.17 and a 52 week high of $106.98. The stock has a 50 day moving average price of $69.76 and a two-hundred day moving average price of $80.93. 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 (NASDAQ:PLUS) last posted its quarterly earnings results 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 net margin of 4.93% and a return on equity of 11.23%. As a group, equities analysts anticipate that ePlus will post 3.78 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ePlus

A number of institutional investors and hedge funds have recently made changes to their positions in PLUS. Larson Financial Group LLC boosted 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 valued at $31,000 after purchasing an additional 307 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of ePlus by 91.1% in 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. Jones Financial Companies Lllp lifted its holdings in shares of 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 in the last quarter. Quarry LP boosted its position 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 buying an additional 430 shares during the last quarter. Finally, Johnson Financial Group Inc. bought a new stake in ePlus during the fourth quarter worth $60,000. Institutional investors and hedge funds 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.