ePlus inc. (NASDAQ:PLUS) Shares Acquired by Abacus FCF Advisors LLC

Abacus FCF Advisors LLC increased its holdings in ePlus inc. (NASDAQ:PLUS - Free Report) by 45.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,697 shares of the software maker's stock after acquiring an additional 6,200 shares during the quarter. Abacus FCF Advisors LLC owned approximately 0.07% of ePlus worth $1,455,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of PLUS. Smartleaf Asset Management LLC increased its stake in ePlus by 91.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 342 shares of the software maker's stock valued at $25,000 after buying an additional 163 shares during the period. Jones Financial Companies Lllp increased its stake in shares of ePlus by 256.8% during 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 acquired a new stake in ePlus in the third quarter valued at about $76,000. Meeder Asset Management Inc. purchased a new stake in ePlus in the 4th quarter valued at approximately $61,000. Finally, Huntington National Bank boosted its holdings in ePlus by 35.8% in the 4th quarter. Huntington National Bank now owns 1,168 shares of the software maker's stock valued at $86,000 after purchasing an additional 308 shares in the last quarter. Institutional investors and hedge funds own 93.80% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised ePlus from a "hold" rating to a "buy" rating in a report on Tuesday, April 8th.

Remove Ads

ePlus Price Performance

Shares of NASDAQ PLUS traded up $0.07 during midday trading on Monday, hitting $58.30. The company had a trading volume of 29,723 shares, compared to its average volume of 236,410. The firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of 14.87, a price-to-earnings-growth ratio of 1.83 and a beta of 1.12. ePlus inc. has a twelve month low of $53.83 and a twelve month high of $106.98. The business has a 50-day simple moving average of $64.57 and a two-hundred day simple moving average of $77.79. 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 (NASDAQ:PLUS - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The software maker reported $0.91 earnings per share (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%. Equities research analysts anticipate that ePlus inc. will post 3.78 earnings per share for the current year.

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.