ePlus (NASDAQ:PLUS) Raised 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 Friday morning.

ePlus Stock Performance

PLUS stock opened at $70.31 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.83 and a quick ratio of 1.71. The business has a 50-day moving average price of $76.48 and a 200 day moving average price of $86.21. The company has a market capitalization of $1.88 billion, a P/E ratio of 17.94, a PEG ratio of 1.65 and a beta of 1.10. ePlus has a 1-year low of $67.09 and a 1-year high of $106.98.

ePlus (NASDAQ:PLUS) last released its quarterly earnings data on Wednesday, February 5th. The software maker reported $0.91 earnings per share 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 research analysts forecast that ePlus will post 4.26 EPS for the current fiscal year.

Institutional Trading of ePlus

Several institutional investors and hedge funds have recently made changes to their positions in PLUS. Mirabella Financial Services LLP bought a new stake in shares of ePlus in the fourth quarter valued at about $43,517,000. FMR LLC grew its stake in ePlus by 70.9% in the third quarter. FMR LLC now owns 1,117,812 shares of the software maker’s stock valued at $109,926,000 after purchasing an additional 463,621 shares during the last quarter. Pacer Advisors Inc. grew its stake in ePlus by 19.8% in the third quarter. Pacer Advisors Inc. now owns 1,387,899 shares of the software maker’s stock valued at $136,486,000 after purchasing an additional 229,837 shares during the last quarter. Rockefeller Capital Management L.P. purchased a new position in ePlus in the fourth quarter valued at about $15,590,000. Finally, Wellington Management Group LLP grew its stake in ePlus by 20.4% in the third quarter. Wellington Management Group LLP now owns 968,998 shares of the software maker’s stock valued at $95,291,000 after purchasing an additional 164,016 shares during the last quarter. 93.80% of the stock is currently 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.