StockNews.com Upgrades ePlus (NASDAQ:PLUS) to “Buy”

ePlus (NASDAQ:PLUS) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Wednesday.

ePlus Trading Down 2.3 %

PLUS traded down $2.23 during trading hours on Wednesday, reaching $95.71. The company’s stock had a trading volume of 117,963 shares, compared to its average volume of 186,781. ePlus has a fifty-two week low of $53.53 and a fifty-two week high of $102.99. The stock has a market cap of $2.58 billion, a PE ratio of 22.10, a P/E/G ratio of 2.08 and a beta of 1.11. The business’s 50-day moving average is $95.73 and its 200-day moving average is $85.00. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.01 and a quick ratio of 1.87.

ePlus (NASDAQ:PLUS) last released its quarterly earnings data on Tuesday, August 6th. The software maker reported $1.02 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.03). ePlus had a net margin of 4.98% and a return on equity of 12.32%. The business had revenue of $544.54 million during the quarter, compared to analyst estimates of $555.23 million. As a group, equities research analysts predict that ePlus will post 4.67 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other ePlus news, CFO Elaine D. Marion sold 5,000 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $92.19, for a total transaction of $460,950.00. Following the transaction, the chief financial officer now directly owns 64,442 shares in the company, valued at $5,940,907.98. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.41% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in PLUS. GAMMA Investing LLC lifted its stake in ePlus by 203.2% during the third quarter. GAMMA Investing LLC now owns 376 shares of the software maker’s stock worth $37,000 after purchasing an additional 252 shares in the last quarter. CWM LLC increased its position in shares of ePlus by 1,247.7% during the second quarter. CWM LLC now owns 593 shares of the software maker’s stock worth $44,000 after acquiring an additional 549 shares during the period. Innealta Capital LLC purchased a new stake in shares of ePlus during the second quarter worth $66,000. EntryPoint Capital LLC increased its position in shares of ePlus by 1,236.7% during the first quarter. EntryPoint Capital LLC now owns 1,056 shares of the software maker’s stock worth $83,000 after acquiring an additional 977 shares during the period. Finally, Picton Mahoney Asset Management purchased a new stake in shares of ePlus during the second quarter worth $156,000. 93.80% of the stock is currently owned by institutional investors and hedge funds.

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.