Vista Finance LLC Takes $316,000 Position in ePlus inc. (NASDAQ:PLUS)

Vista Finance LLC bought a new stake in shares of ePlus inc. (NASDAQ:PLUS - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 4,273 shares of the software maker's stock, valued at approximately $316,000.

Several other institutional investors also recently made changes to their positions in PLUS. FMR LLC grew its holdings in shares of ePlus by 70.9% during the third quarter. FMR LLC now owns 1,117,812 shares of the software maker's stock valued at $109,926,000 after purchasing an additional 463,621 shares during the last quarter. Pacer Advisors Inc. boosted its position in shares of ePlus by 19.8% during the third quarter. Pacer Advisors Inc. now owns 1,387,899 shares of the software maker's stock worth $136,486,000 after buying an additional 229,837 shares during the period. Wellington Management Group LLP boosted its position in shares of ePlus by 20.4% during the third quarter. Wellington Management Group LLP now owns 968,998 shares of the software maker's stock worth $95,291,000 after buying an additional 164,016 shares during the period. Swedbank AB acquired a new position in shares of ePlus during the fourth quarter worth approximately $11,082,000. Finally, Geode Capital Management LLC boosted its position in shares of ePlus by 16.8% during the third quarter. Geode Capital Management LLC now owns 731,909 shares of the software maker's stock worth $71,987,000 after buying an additional 105,526 shares during the period. 93.80% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com upgraded ePlus from a "hold" rating to a "buy" rating in a research report on Friday, February 14th.

ePlus Price Performance

PLUS traded up $0.32 during trading on Wednesday, reaching $70.05. The stock had a trading volume of 216,091 shares, compared to its average volume of 209,350. The firm has a market capitalization of $1.86 billion, a price-to-earnings ratio of 17.87, a price-to-earnings-growth ratio of 1.86 and a beta of 1.10. The company has a quick ratio of 1.69, a current ratio of 1.83 and a debt-to-equity ratio of 0.01. ePlus inc. has a 1-year low of $67.09 and a 1-year high of $106.98. The stock has a 50 day moving average of $76.07 and a two-hundred day moving average of $85.88.

ePlus (NASDAQ:PLUS - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The software maker reported $0.91 EPS for the quarter, missing analysts' consensus estimates of $1.28 by ($0.37). ePlus had a net margin of 4.93% and a return on equity of 11.23%. As a group, equities analysts anticipate that ePlus inc. will post 3.78 EPS for the current fiscal year.

ePlus Profile

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.