ePlus (NASDAQ:PLUS) Rating Increased to Buy at StockNews.com

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

ePlus Price Performance

NASDAQ:PLUS opened at $59.08 on Friday. The company has a market capitalization of $1.57 billion, a P/E ratio of 15.07, a P/E/G 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 business’s 50-day moving average is $63.21 and its 200 day moving average is $76.72. 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 (NASDAQ:PLUS) last released its quarterly earnings results on Wednesday, February 5th. The software maker reported $0.91 EPS for the quarter, missing the consensus estimate 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 forecast that ePlus will post 3.78 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ePlus

Several hedge funds and other institutional investors have recently modified their holdings of the business. HighTower Advisors LLC bought a new position in ePlus in the 3rd quarter worth about $227,000. Versor Investments LP bought a new position in shares of ePlus during the 4th quarter worth approximately $318,000. KLP Kapitalforvaltning AS purchased a new stake in shares of ePlus during the 4th quarter valued at $384,000. Principal Financial Group Inc. boosted its holdings in ePlus by 3.3% in the fourth quarter. Principal Financial Group Inc. now owns 137,452 shares of the software maker’s stock worth $10,155,000 after acquiring an additional 4,425 shares in the last quarter. Finally, American Century Companies Inc. grew its position in ePlus by 18.2% during the 4th quarter. American Century Companies Inc. now owns 790,332 shares of the software maker’s stock worth $58,390,000 after purchasing an additional 121,945 shares during the last quarter. 93.80% of the stock is currently owned by hedge funds and other institutional investors.

ePlus Company Profile

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.