ePlus (NASDAQ:PLUS) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of ePlus (NASDAQ:PLUS - Free Report) from a hold rating to a buy rating in a research report report published on Saturday morning.

ePlus Stock Up 1.9%

Shares of NASDAQ:PLUS traded up $1.28 during mid-day trading on Friday, hitting $66.97. 293,144 shares of the company traded hands, compared to its average volume of 213,440. The firm's 50 day simple moving average is $62.19 and its 200 day simple moving average is $70.72. The firm has a market cap of $1.78 billion, a P/E ratio of 17.08, a PEG ratio of 1.83 and a beta of 1.12. 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 52-week low of $53.83 and a 52-week high of $106.98.

ePlus (NASDAQ:PLUS - Get Free Report) last issued its quarterly earnings data on Thursday, May 22nd. The software maker reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.08. The company had revenue of $498.11 million during the quarter, compared to the consensus estimate of $523.85 million. ePlus had a net margin of 4.93% and a return on equity of 11.23%. On average, equities analysts anticipate that ePlus will post 3.78 EPS for the current year.

Institutional Investors Weigh In On ePlus

A number of large investors have recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC boosted its position in ePlus by 91.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 342 shares of the software maker's stock valued at $25,000 after buying an additional 163 shares during the last quarter. Jones Financial Companies Lllp increased its position in shares of ePlus by 256.8% during the fourth quarter. Jones Financial Companies Lllp now owns 421 shares of the software maker's stock worth $31,000 after acquiring an additional 303 shares during the last quarter. Quarry LP lifted its stake in shares of ePlus by 1,000.0% in the fourth quarter. Quarry LP now owns 473 shares of the software maker's stock worth $35,000 after acquiring an additional 430 shares in the last quarter. Versant Capital Management Inc boosted its holdings in ePlus by 377.9% in the first quarter. Versant Capital Management Inc now owns 712 shares of the software maker's stock valued at $43,000 after purchasing an additional 563 shares during the last quarter. Finally, Johnson Financial Group Inc. acquired a new stake in ePlus during the 4th quarter valued at approximately $60,000. 93.80% of the stock is 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.