ePlus (NASDAQ:PLUS) Upgraded by StockNews.com to “Buy” Rating

StockNews.com upgraded shares of ePlus (NASDAQ:PLUS) from a hold rating to a buy rating in a research report report published on Thursday morning.

ePlus Price Performance

PLUS opened at $64.17 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. ePlus has a 52-week low of $61.91 and a 52-week high of $106.98. The stock has a market capitalization of $1.71 billion, a PE ratio of 16.37, a price-to-earnings-growth ratio of 1.83 and a beta of 1.10. The stock’s 50 day moving average price is $73.46 and its 200-day moving average price is $84.06.

ePlus (NASDAQ:PLUS) last issued its quarterly earnings results 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 return on equity of 11.23% and a net margin of 4.93%. On average, equities research analysts predict that ePlus will post 3.78 EPS for the current year.

Institutional Investors Weigh In On ePlus

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PLUS. Castlekeep Investment Advisors LLC purchased a new stake in ePlus in the fourth quarter worth $127,898,000. Mirabella Financial Services LLP purchased a new stake in ePlus in the fourth quarter worth $43,517,000. FMR LLC boosted its holdings in ePlus by 70.9% in the third quarter. FMR LLC now owns 1,117,812 shares of the software maker’s stock worth $109,926,000 after acquiring an additional 463,621 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in ePlus by 19.8% in the third quarter. Pacer Advisors Inc. now owns 1,387,899 shares of the software maker’s stock worth $136,486,000 after acquiring an additional 229,837 shares in the last quarter. Finally, Rockefeller Capital Management L.P. bought a new stake in ePlus in the fourth quarter worth $15,590,000. 93.80% of the stock is owned by hedge funds and other 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.