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 report issued on Friday.
ePlus Stock Performance
Shares of NASDAQ:PLUS traded up $1.66 on Friday, hitting $61.76. 4,134 shares of the company were exchanged, compared to its average volume of 230,068. The firm has a market capitalization of $1.64 billion, a P/E ratio of 15.76, a price-to-earnings-growth ratio of 1.83 and a beta of 1.12. The company has a current ratio of 1.83, a quick ratio of 1.69 and a debt-to-equity ratio of 0.01. ePlus has a 1-year low of $53.83 and a 1-year high of $106.98. The stock's 50 day moving average price is $62.82 and its 200 day moving average price is $76.07.
ePlus (NASDAQ:PLUS - Get Free Report) last issued 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%. Sell-side analysts predict that ePlus will post 3.78 EPS for the current year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of PLUS. Castlekeep Investment Advisors LLC acquired a new position in ePlus in the 4th quarter valued at about $127,898,000. Mirabella Financial Services LLP acquired a new stake in shares of ePlus during the 4th quarter worth about $43,517,000. Rockefeller Capital Management L.P. purchased a new stake in ePlus in the 4th quarter valued at about $15,590,000. Swedbank AB acquired a new position in ePlus in the fourth quarter valued at about $11,082,000. Finally, American Century Companies Inc. boosted its stake in ePlus by 18.2% during the fourth quarter. American Century Companies Inc. now owns 790,332 shares of the software maker's stock worth $58,390,000 after buying an additional 121,945 shares during the period. Institutional investors and hedge funds own 93.80% of the company's stock.
ePlus Company Profile
(
Get Free Report)
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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