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 sent to investors on Thursday morning.

ePlus Stock Performance

PLUS opened at $61.93 on Thursday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.69 and a current ratio of 1.83. The stock has a market capitalization of $1.65 billion, a price-to-earnings ratio of 15.80, a PEG ratio of 1.83 and a beta of 1.15. The company has a fifty day moving average of $69.76 and a 200 day moving average of $80.88. ePlus has a fifty-two week low of $61.17 and a fifty-two week high of $106.98.

ePlus (NASDAQ:PLUS) last issued its quarterly earnings data on Wednesday, February 5th. The software maker reported $0.91 earnings per share 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%. As a group, sell-side analysts forecast that ePlus will post 3.78 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Larson Financial Group LLC raised its stake in ePlus by 6,140.0% during the third 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 in the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of ePlus by 91.1% in 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 during the last quarter. Jones Financial Companies Lllp raised its position in shares of ePlus by 256.8% during the 4th quarter. Jones Financial Companies Lllp now owns 421 shares of the software maker’s stock valued at $31,000 after buying an additional 303 shares in the last quarter. Quarry LP lifted its holdings in shares of ePlus by 1,000.0% in the 4th quarter. Quarry LP now owns 473 shares of the software maker’s stock valued at $35,000 after acquiring an additional 430 shares during the last quarter. Finally, Johnson Financial Group Inc. purchased a new position in ePlus in the fourth quarter worth about $60,000. 93.80% of the stock is currently owned by institutional investors.

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.