Cornercap Investment Counsel Inc. acquired a new position in shares of ePlus inc. (NASDAQ:PLUS - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 5,485 shares of the software maker's stock, valued at approximately $405,000.
A number of other institutional investors also recently modified their holdings of the company. New Age Alpha Advisors LLC bought a new position in ePlus in the 4th quarter worth approximately $105,000. Norges Bank acquired a new stake in shares of ePlus in the 4th quarter valued at $288,000. JPMorgan Chase & Co. raised its position in shares of ePlus by 126.6% during the fourth quarter. JPMorgan Chase & Co. now owns 124,251 shares of the software maker's stock worth $9,180,000 after acquiring an additional 69,410 shares during the last quarter. Zions Bancorporation N.A. lifted its stake in shares of ePlus by 19.2% during the fourth quarter. Zions Bancorporation N.A. now owns 27,417 shares of the software maker's stock valued at $2,026,000 after acquiring an additional 4,413 shares during the period. Finally, EntryPoint Capital LLC bought a new position in ePlus in the fourth quarter valued at about $370,000. Institutional investors own 93.80% of the company's stock.
Analyst Upgrades and Downgrades
Separately, StockNews.com raised shares of ePlus from a "hold" rating to a "buy" rating in a research note on Thursday, March 27th.
Read Our Latest Stock Report on ePlus
ePlus Trading Down 8.1 %
PLUS traded down $5.06 during trading on Thursday, reaching $57.03. 25,069 shares of the company's stock were exchanged, compared to its average volume of 232,122. The company's fifty day moving average price is $68.59 and its 200-day moving average price is $80.30. The firm has a market capitalization of $1.52 billion, a PE ratio of 14.55, a P/E/G ratio of 1.83 and a beta of 1.15. ePlus inc. has a fifty-two week low of $56.51 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.
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 return on equity of 11.23% and a net margin of 4.93%. As a group, equities analysts forecast that ePlus inc. will post 3.78 EPS for the current year.
About ePlus
(
Free Report)
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.
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