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

ePlus (NASDAQ:PLUS) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Thursday.

ePlus Price Performance

PLUS stock opened at $64.74 on Thursday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.69 and a current ratio of 1.83. ePlus has a 1 year low of $61.75 and a 1 year high of $106.98. The stock has a 50-day simple moving average of $70.44 and a 200-day simple moving average of $81.23. The firm has a market cap of $1.72 billion, a P/E ratio of 16.52, a price-to-earnings-growth ratio of 1.83 and a beta of 1.15.

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 analysts predict that ePlus will post 3.78 earnings per share for the current fiscal year.

Hedge Funds Weigh In On ePlus

Several large investors have recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC grew its stake in ePlus by 91.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 342 shares of the software maker’s stock worth $25,000 after buying an additional 163 shares during the last quarter. Larson Financial Group LLC lifted its holdings in ePlus by 6,140.0% in 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 period. Jones Financial Companies Lllp grew its position 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 in the last quarter. Quarry LP increased its stake in ePlus by 1,000.0% during 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 period. Finally, Johnson Financial Group Inc. bought a new stake in shares of ePlus during the 4th quarter worth about $60,000. 93.80% of the stock is currently 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.