ePlus (NASDAQ:PLUS) Upgraded at StockNews.com

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

ePlus Price Performance

NASDAQ PLUS opened at $61.93 on Thursday. The company has a 50-day moving average price of $69.76 and a 200-day moving average price of $80.88. ePlus has a 52 week low of $61.17 and a 52 week high of $106.98. The company has a quick ratio of 1.69, a current ratio of 1.83 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $1.65 billion, a P/E ratio of 15.80, a PEG ratio of 1.83 and a beta of 1.15.

ePlus (NASDAQ:PLUS) last announced its earnings results on Wednesday, February 5th. The software maker reported $0.91 EPS for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.37). ePlus had a net margin of 4.93% and a return on equity of 11.23%. Equities research analysts anticipate that ePlus will post 3.78 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in PLUS. Castlekeep Investment Advisors LLC bought a new stake in ePlus during the 4th quarter worth approximately $127,898,000. FMR LLC increased its stake in shares of ePlus by 70.9% in the third quarter. FMR LLC now owns 1,117,812 shares of the software maker’s stock worth $109,926,000 after purchasing an additional 463,621 shares in the last quarter. State Street Corp raised its position in shares of ePlus by 0.6% during the 3rd quarter. State Street Corp now owns 1,021,341 shares of the software maker’s stock valued at $100,439,000 after purchasing an additional 6,241 shares during the period. Wellington Management Group LLP lifted its stake in shares of ePlus by 20.4% during the 3rd quarter. Wellington Management Group LLP now owns 968,998 shares of the software maker’s stock valued at $95,291,000 after buying an additional 164,016 shares in the last quarter. Finally, American Century Companies Inc. boosted its holdings in ePlus by 18.2% in the 4th 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. 93.80% of the stock is owned by hedge funds and other institutional investors.

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.