ePlus (NASDAQ:PLUS) Raised to Strong-Buy at Wall Street Zen

ePlus (NASDAQ:PLUS) was upgraded by analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Saturday.

A number of other research analysts have also recently issued reports on PLUS. Weiss Ratings reissued a “hold (c+)” rating on shares of ePlus in a research note on Wednesday, October 8th. Zacks Research lowered ePlus from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 6th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

ePlus Stock Performance

PLUS opened at $85.39 on Friday. The firm’s fifty day moving average is $87.86 and its two-hundred day moving average is $77.06. The firm has a market cap of $2.26 billion, a PE ratio of 18.52, a price-to-earnings-growth ratio of 1.12 and a beta of 1.02. ePlus has a twelve month low of $53.83 and a twelve month high of $93.98.

ePlus (NASDAQ:PLUS) last announced its quarterly earnings results on Thursday, November 6th. The software maker reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.58. ePlus had a net margin of 5.40% and a return on equity of 11.44%. The company had revenue of $608.83 million during the quarter, compared to analyst estimates of $518.30 million. Equities analysts forecast that ePlus will post 3.78 EPS for the current fiscal year.

Insider Buying and Selling at ePlus

In related news, Director John E. Callies sold 560 shares of the stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $90.03, for a total transaction of $50,416.80. Following the completion of the transaction, the director directly owned 21,428 shares in the company, valued at approximately $1,929,162.84. This trade represents a 2.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.93% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On ePlus

A number of large investors have recently bought and sold shares of PLUS. Meeder Asset Management Inc. bought a new position in shares of ePlus during the 3rd quarter worth approximately $29,000. Farther Finance Advisors LLC grew its position in ePlus by 47.8% in the third quarter. Farther Finance Advisors LLC now owns 439 shares of the software maker’s stock valued at $31,000 after purchasing an additional 142 shares in the last quarter. Strengthening Families & Communities LLC bought a new position in ePlus in the third quarter valued at $31,000. Osaic Holdings Inc. increased its stake in ePlus by 361.9% in the 2nd quarter. Osaic Holdings Inc. now owns 448 shares of the software maker’s stock valued at $32,000 after buying an additional 351 shares during the last quarter. Finally, Quaker Wealth Management LLC lifted its position in ePlus by 200.0% during the 2nd quarter. Quaker Wealth Management LLC now owns 525 shares of the software maker’s stock worth $38,000 after buying an additional 1,050 shares in the last quarter. Institutional investors and hedge funds own 93.80% of the company’s stock.

ePlus Company Profile

ePlus Inc (NASDAQ:PLUS) is a technology solutions provider that helps enterprises and public-sector organizations maximize the value of their information technology investments. The company specializes in designing, implementing and managing complex IT infrastructures, with a focus on security, cloud computing, data center modernization and unified communications. By combining consulting services with software license management and hardware procurement, ePlus delivers end-to-end solutions that align with its clients’ strategic objectives.

The company’s offerings include cybersecurity assessments and managed security services, hybrid and public cloud deployments, network architecture and optimization, and collaboration platforms.