ePlus (NASDAQ:PLUS - Get Free Report) was upgraded by research analysts at StockNews.com from a "hold" rating to a "buy" rating in a research note issued on Tuesday.
ePlus Stock Performance
Shares of NASDAQ:PLUS traded up $0.39 during trading on Tuesday, hitting $58.23. 121,580 shares of the company were exchanged, compared to its average volume of 239,437. The company has a market cap of $1.55 billion, a PE ratio of 14.85, a P/E/G ratio of 1.83 and a beta of 1.12. ePlus has a 52-week low of $53.83 and a 52-week high of $106.98. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.83 and a quick ratio of 1.69. The stock has a 50 day moving average of $64.57 and a 200 day moving average of $77.93.
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 analysts' consensus estimates of $1.28 by ($0.37). ePlus had a return on equity of 11.23% and a net margin of 4.93%. As a group, equities research analysts predict that ePlus will post 3.78 EPS for the current year.
Institutional Trading of ePlus
Institutional investors and hedge funds have recently bought and sold shares of the company. Castlekeep Investment Advisors LLC purchased a new position in shares of ePlus during the 4th quarter valued at $127,898,000. State Street Corp grew its position in ePlus by 0.6% during the third quarter. State Street Corp now owns 1,021,341 shares of the software maker's stock worth $100,439,000 after buying an additional 6,241 shares in the last quarter. Wellington Management Group LLP increased its stake in ePlus by 20.4% in the 3rd quarter. Wellington Management Group LLP now owns 968,998 shares of the software maker's stock worth $95,291,000 after acquiring an additional 164,016 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of ePlus by 18.2% in the 4th quarter. American Century Companies Inc. now owns 790,332 shares of the software maker's stock valued at $58,390,000 after acquiring an additional 121,945 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of ePlus by 16.8% during the 3rd quarter. Geode Capital Management LLC now owns 731,909 shares of the software maker's stock valued at $71,987,000 after acquiring an additional 105,526 shares during the last quarter. 93.80% of the stock is currently owned by hedge funds and other institutional investors.
About ePlus
(
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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.
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