Destination Wealth Management acquired a new position in ePlus inc. (NASDAQ:PLUS - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 4,000 shares of the software maker's stock, valued at approximately $296,000.
A number of other hedge funds have also recently made changes to their positions in the business. HighTower Advisors LLC purchased a new position in ePlus in the 3rd quarter worth approximately $227,000. Versor Investments LP purchased a new position in shares of ePlus in the fourth quarter worth $318,000. Principal Financial Group Inc. boosted its position in shares of ePlus by 3.3% during the fourth quarter. Principal Financial Group Inc. now owns 137,452 shares of the software maker's stock worth $10,155,000 after acquiring an additional 4,425 shares during the last quarter. 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 acquiring an additional 105,526 shares during the last quarter. Finally, Barclays PLC increased its holdings in ePlus by 82.3% in the 3rd quarter. Barclays PLC now owns 80,328 shares of the software maker's stock valued at $7,899,000 after acquiring an additional 36,267 shares during the last quarter. Institutional investors own 93.80% of the company's stock.
ePlus Price Performance
NASDAQ PLUS traded up $0.33 during trading on Monday, hitting $65.91. 23,994 shares of the stock traded hands, compared to its average volume of 212,853. 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 12-month low of $61.91 and a 12-month high of $106.98. The firm has a 50-day simple moving average of $73.30 and a 200-day simple moving average of $83.75. The company has a market capitalization of $1.75 billion, a P/E ratio of 16.81, a price-to-earnings-growth ratio of 1.83 and a beta of 1.15.
ePlus (NASDAQ:PLUS - Get Free Report) last posted 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 net margin of 4.93% and a return on equity of 11.23%. As a group, analysts predict that ePlus inc. will post 3.78 EPS for the current year.
Wall Street Analyst Weigh In
Separately, StockNews.com raised shares of ePlus from a "hold" rating to a "buy" rating in a report on Thursday.
Check Out Our Latest Stock Report on ePlus
ePlus Profile
(
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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