KLP Kapitalforvaltning AS Takes Position in ePlus inc. (NASDAQ:PLUS)

KLP Kapitalforvaltning AS acquired a new position in ePlus inc. (NASDAQ:PLUS - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 5,200 shares of the software maker's stock, valued at approximately $384,000.

Several other institutional investors also recently modified their holdings of PLUS. Smartleaf Asset Management LLC lifted its holdings in ePlus by 91.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 342 shares of the software maker's stock worth $25,000 after buying an additional 163 shares during the period. Jones Financial Companies Lllp lifted its stake in shares of ePlus by 256.8% in 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 period. National Bank of Canada FI bought a new stake in ePlus in the third quarter valued at approximately $76,000. Quent Capital LLC acquired a new stake in ePlus during the 4th quarter valued at approximately $94,000. Finally, KBC Group NV raised its holdings in ePlus by 48.9% during the 4th quarter. KBC Group NV now owns 1,380 shares of the software maker's stock worth $102,000 after purchasing an additional 453 shares during the last quarter. Institutional investors own 93.80% of the company's stock.

ePlus Trading Up 8.5 %

Shares of NASDAQ:PLUS traded up $4.64 during midday trading on Wednesday, reaching $59.41. The company's stock had a trading volume of 352,143 shares, compared to its average volume of 241,283. ePlus inc. has a fifty-two week low of $53.83 and a fifty-two week high of $106.98. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.69 and a current ratio of 1.83. The firm has a 50 day moving average price of $65.44 and a two-hundred day moving average price of $78.48. The firm has a market capitalization of $1.58 billion, a price-to-earnings ratio of 15.16, a PEG ratio of 1.83 and a beta of 1.12.

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of ePlus from a "hold" rating to a "buy" rating in a research report on Tuesday.

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.