ePlus (NASDAQ:PLUS) Upgraded at StockNews.com

ePlus (NASDAQ:PLUS - Get Free Report) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating in a research note issued to investors on Thursday.

ePlus Stock Up 2.2 %

PLUS stock traded up $1.41 during mid-day trading on Thursday, hitting $65.58. 184,647 shares of the company were exchanged, compared to its average volume of 217,303. 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 firm has a market cap of $1.75 billion, a P/E ratio of 16.73, a P/E/G ratio of 1.83 and a beta of 1.15. The firm's 50 day simple moving average is $73.30 and its 200 day simple moving average is $83.75. ePlus has a 1-year low of $61.91 and a 1-year high of $106.98.

ePlus (NASDAQ:PLUS - Get Free Report) last announced its earnings results on Wednesday, February 5th. The software maker reported $0.91 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, sell-side analysts predict that ePlus will post 3.78 EPS for the current fiscal year.

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Hedge Funds Weigh In On ePlus

Institutional investors have recently added to or reduced their stakes in the company. HighTower Advisors LLC acquired a new position in ePlus during the third quarter worth $227,000. Versor Investments LP bought a new position in ePlus during the fourth quarter worth $318,000. Principal Financial Group Inc. boosted its position in ePlus by 3.3% during the fourth quarter. Principal Financial Group Inc. now owns 137,452 shares of the software maker's stock worth $10,155,000 after purchasing an additional 4,425 shares during the period. Geode Capital Management LLC boosted its position in ePlus by 16.8% during the third quarter. Geode Capital Management LLC now owns 731,909 shares of the software maker's stock worth $71,987,000 after purchasing an additional 105,526 shares during the period. Finally, Barclays PLC boosted its position in ePlus by 82.3% during the third quarter. Barclays PLC now owns 80,328 shares of the software maker's stock worth $7,899,000 after purchasing an additional 36,267 shares during the period. 93.80% of the stock is currently owned by institutional investors and hedge funds.

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.