ePlus (NASDAQ:PLUS) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of ePlus (NASDAQ:PLUS) from a hold rating to a buy rating in a report released on Friday.

ePlus Price Performance

NASDAQ PLUS opened at $59.08 on Friday. 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 stock has a market capitalization of $1.57 billion, a PE ratio of 15.07, a price-to-earnings-growth ratio of 1.83 and a beta of 1.12. ePlus has a 12-month low of $53.83 and a 12-month high of $106.98. The company has a 50 day moving average price of $63.21 and a two-hundred day moving average price of $76.46.

ePlus (NASDAQ:PLUS) last released its quarterly earnings data on Wednesday, February 5th. The software maker reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.28 by ($0.37). ePlus had a net margin of 4.93% and a return on equity of 11.23%. As a group, equities analysts predict that ePlus will post 3.78 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Smartleaf Asset Management LLC boosted its position in ePlus by 91.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 342 shares of the software maker’s stock worth $25,000 after purchasing an additional 163 shares during the period. Jones Financial Companies Lllp grew its stake in ePlus by 256.8% in the 4th quarter. Jones Financial Companies Lllp now owns 421 shares of the software maker’s stock valued at $31,000 after buying an additional 303 shares during the last quarter. Quarry LP grew its stake in ePlus by 1,000.0% in the 4th quarter. Quarry LP now owns 473 shares of the software maker’s stock valued at $35,000 after buying an additional 430 shares during the last quarter. Versant Capital Management Inc raised its holdings in ePlus by 377.9% in the 1st quarter. Versant Capital Management Inc now owns 712 shares of the software maker’s stock worth $43,000 after acquiring an additional 563 shares during the period. Finally, Johnson Financial Group Inc. acquired a new position in ePlus during the 4th quarter worth $60,000. 93.80% of the stock is owned by 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.