ePlus (NASDAQ:PLUS) Releases Quarterly Earnings Results, Beats Estimates By $0.38 EPS

ePlus (NASDAQ:PLUS – Get Rating) announced its quarterly earnings results on Wednesday. The software maker reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.38, MarketWatch Earnings reports. ePlus had a net margin of 5.63% and a return on equity of 16.16%. During the same quarter in the prior year, the firm earned $0.58 earnings per share.

PLUS opened at $55.88 on Thursday. The company has a 50 day moving average of $55.88 and a 200 day moving average of $57.64. The company has a market cap of $1.50 billion, a PE ratio of 15.50 and a beta of 1.24. ePlus has a 12 month low of $42.00 and a 12 month high of $69.74. The company has a current ratio of 1.69, a quick ratio of 1.43 and a debt-to-equity ratio of 0.02.

A number of analysts have commented on PLUS shares. StockNews.com raised shares of ePlus from a “hold” rating to a “buy” rating in a research report on Wednesday, May 18th. Zacks Investment Research cut shares of ePlus from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 6th.

Large investors have recently made changes to their positions in the business. Captrust Financial Advisors lifted its holdings in shares of ePlus by 87.6% during the 1st quarter. Captrust Financial Advisors now owns 1,458 shares of the software maker’s stock worth $82,000 after acquiring an additional 681 shares during the last quarter. Advisor Group Holdings Inc. raised its position in ePlus by 55.5% in the 1st quarter. Advisor Group Holdings Inc. now owns 2,225 shares of the software maker’s stock worth $130,000 after purchasing an additional 794 shares during the period. Mackenzie Financial Corp raised its position in ePlus by 71.6% in the 4th quarter. Mackenzie Financial Corp now owns 3,932 shares of the software maker’s stock worth $212,000 after purchasing an additional 1,640 shares during the period. Atria Wealth Solutions Inc. purchased a new position in ePlus in the 1st quarter worth $218,000. Finally, XTX Topco Ltd purchased a new position in ePlus in the 1st quarter worth $225,000. 92.04% of the stock is owned by hedge funds and other institutional investors.

About ePlus (Get Rating)

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 in two segments, Technology and Financing. The Technology segment offers hardware, perpetual and subscription software, maintenance, software assurance, and internally provided and outsourced services; and professional and managed services, including ePlus managed, professional, security, ePlus cloud consulting, staff augmentation, server and desktop support, and project management services.

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