ePlus (NASDAQ:PLUS) Upgraded at StockNews.com

StockNews.com upgraded shares of ePlus (NASDAQ:PLUS - Free Report) from a hold rating to a buy rating in a research report sent to investors on Thursday.

ePlus Stock Performance

NASDAQ PLUS traded down $2.32 on Thursday, reaching $61.93. The stock had a trading volume of 146,550 shares, compared to its average volume of 238,403. 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 company has a market cap of $1.65 billion, a P/E ratio of 15.80, a price-to-earnings-growth ratio of 1.83 and a beta of 1.15. The firm has a fifty day moving average of $69.76 and a two-hundred day moving average of $80.84. ePlus has a 1-year low of $61.17 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 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%. On average, equities research analysts anticipate that ePlus will post 3.78 EPS for the current year.

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Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of PLUS. Advisors Asset Management Inc. raised its position in shares of ePlus by 43.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,121 shares of the software maker's stock valued at $110,000 after buying an additional 342 shares in the last quarter. Intech Investment Management LLC increased its stake in ePlus by 80.4% in the third quarter. Intech Investment Management LLC now owns 7,681 shares of the software maker's stock valued at $755,000 after acquiring an additional 3,423 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in ePlus by 1.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 394,903 shares of the software maker's stock valued at $38,835,000 after purchasing an additional 3,877 shares in the last quarter. Larson Financial Group LLC lifted 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 worth $31,000 after purchasing an additional 307 shares during the last quarter. Finally, FMR LLC boosted its holdings in shares of ePlus by 70.9% in the 3rd quarter. FMR LLC now owns 1,117,812 shares of the software maker's stock valued at $109,926,000 after purchasing an additional 463,621 shares in the last quarter. Institutional investors and hedge funds own 93.80% of the company's stock.

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.