ePlus Inc crosses above 200-day moving average, reaching $72.15 per share.
ByAinvest
Tuesday, Aug 12, 2025 11:58 am ET1min read
PLUS--
In the first quarter of 2025, ePlus reported earnings per share (EPS) of $0.95, surpassing the forecasted $0.87. However, the company's revenue of $498.11 million fell short of expectations. Despite this mixed performance, institutional investors have shown significant interest in the stock. Phocas Financial Corp. increased its stake in ePlus by 61.7%, owning 68,642 shares valued at approximately $4.19 million as of the latest SEC filing [1].
The recent positive movement in ePlus' stock price may be attributed to several factors. The company's strong second-quarter 2025 results, which saw revenue grow by 17% year-on-year and EPS increase by 55.4%, may have boosted investor confidence. Additionally, the stock's relatively low volatility and the recent earnings beat have contributed to the upward trend.
Looking ahead, ePlus faces a challenging market environment. The U.S. jobs report, which showed a significant slowdown in job growth, has raised concerns about a cooling economy. This could potentially reduce corporate spending on IT consulting and professional staffing, impacting ePlus' revenue and growth prospects. However, the company's strategic focus on optimizing IT environments and supply chain processes may mitigate these risks.
Institutional investors continue to hold a significant portion of ePlus' shares, with 93.80% of the stock currently owned by institutional investors and hedge funds [1]. This strong institutional backing may provide further support for the stock's upward trend.
References:
[1] https://www.marketbeat.com/instant-alerts/filing-eplus-inc-nasdaqplus-shares-bought-by-phocas-financial-corp-2025-08-03/
[2] https://finance.yahoo.com/news/eplus-plus-stock-trades-why-162205594.html
Shares of ePlus Inc (PLUS) crossed above its 200-day moving average of $72.05, reaching a high of $72.15. The stock is currently up 3.6% on the day. The company's 52-week low is $53.83, while its 52-week high is $102.985.
Shares of ePlus Inc. (PLUS) crossed above its 200-day moving average of $72.05, reaching a high of $72.15 on July 2, 2025. The stock is currently up 3.6% on the day. This development follows a period of volatility for the technology solutions provider, which has seen its stock price fluctuate between its 52-week low of $53.83 and high of $102.985.In the first quarter of 2025, ePlus reported earnings per share (EPS) of $0.95, surpassing the forecasted $0.87. However, the company's revenue of $498.11 million fell short of expectations. Despite this mixed performance, institutional investors have shown significant interest in the stock. Phocas Financial Corp. increased its stake in ePlus by 61.7%, owning 68,642 shares valued at approximately $4.19 million as of the latest SEC filing [1].
The recent positive movement in ePlus' stock price may be attributed to several factors. The company's strong second-quarter 2025 results, which saw revenue grow by 17% year-on-year and EPS increase by 55.4%, may have boosted investor confidence. Additionally, the stock's relatively low volatility and the recent earnings beat have contributed to the upward trend.
Looking ahead, ePlus faces a challenging market environment. The U.S. jobs report, which showed a significant slowdown in job growth, has raised concerns about a cooling economy. This could potentially reduce corporate spending on IT consulting and professional staffing, impacting ePlus' revenue and growth prospects. However, the company's strategic focus on optimizing IT environments and supply chain processes may mitigate these risks.
Institutional investors continue to hold a significant portion of ePlus' shares, with 93.80% of the stock currently owned by institutional investors and hedge funds [1]. This strong institutional backing may provide further support for the stock's upward trend.
References:
[1] https://www.marketbeat.com/instant-alerts/filing-eplus-inc-nasdaqplus-shares-bought-by-phocas-financial-corp-2025-08-03/
[2] https://finance.yahoo.com/news/eplus-plus-stock-trades-why-162205594.html
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