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

StockNews.com upgraded shares of ePlus (NASDAQ:PLUS - Free Report) from a hold rating to a buy rating in a report published on Friday morning.

ePlus Stock Performance

ePlus stock traded down $0.58 during midday trading on Friday, reaching $69.73. 209,906 shares of the stock traded hands, compared to its average volume of 209,310. ePlus has a fifty-two week low of $67.09 and a fifty-two week high of $106.98. The company has a current ratio of 1.83, a quick ratio of 1.71 and a debt-to-equity ratio of 0.01. The firm has a market cap of $1.86 billion, a price-to-earnings ratio of 17.79, a PEG ratio of 1.65 and a beta of 1.10. The firm has a fifty day moving average price of $76.07 and a two-hundred day moving average price of $85.88.

ePlus (NASDAQ:PLUS - Get Free Report) last issued its quarterly earnings data 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 return on equity of 11.23% and a net margin of 4.93%. On average, equities research analysts forecast that ePlus will post 4.26 earnings per share for the current year.

Institutional Investors Weigh In On ePlus

A number of hedge funds and other institutional investors have recently modified their holdings of PLUS. Smartleaf Asset Management LLC increased its stake in ePlus by 91.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 342 shares of the software maker's stock valued at $25,000 after buying an additional 163 shares during the period. Larson Financial Group LLC increased its stake in shares of 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 acquiring an additional 307 shares during the period. Jones Financial Companies Lllp raised its holdings in ePlus by 256.8% during the fourth quarter. Jones Financial Companies Lllp now owns 421 shares of the software maker's stock worth $31,000 after purchasing an additional 303 shares in the last quarter. Quarry LP raised its holdings in ePlus by 1,000.0% during the fourth quarter. Quarry LP now owns 473 shares of the software maker's stock worth $35,000 after purchasing an additional 430 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in ePlus by 203.2% in the third quarter. GAMMA Investing LLC now owns 376 shares of the software maker's stock worth $37,000 after purchasing an additional 252 shares during the period. 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.