EntryPoint Capital LLC Takes Position in ePlus inc. (NASDAQ:PLUS)

EntryPoint Capital LLC bought a new position in shares of ePlus inc. (NASDAQ:PLUS - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 5,005 shares of the software maker's stock, valued at approximately $370,000.

A number of other large investors have also added to or reduced their stakes in the company. FMR LLC increased its position 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 worth $109,926,000 after acquiring an additional 463,621 shares during the last quarter. Wellington Management Group LLP raised its position in shares of ePlus by 20.4% in the 3rd quarter. Wellington Management Group LLP now owns 968,998 shares of the software maker's stock valued at $95,291,000 after purchasing an additional 164,016 shares in the last quarter. Swedbank AB acquired a new stake in shares of ePlus during the fourth quarter worth approximately $11,082,000. American Century Companies Inc. increased its stake in shares of ePlus by 18.2% in the fourth quarter. American Century Companies Inc. now owns 790,332 shares of the software maker's stock worth $58,390,000 after buying an additional 121,945 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in ePlus in the fourth quarter valued at $8,683,000. 93.80% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of ePlus from a "hold" rating to a "buy" rating in a report on Thursday.

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ePlus Stock Performance

PLUS stock traded down $0.90 during mid-day trading on Monday, reaching $61.03. The company had a trading volume of 220,375 shares, compared to its average volume of 238,101. ePlus inc. has a one year low of $60.11 and a one year high of $106.98. The stock has a market capitalization of $1.62 billion, a P/E ratio of 15.57, a P/E/G ratio of 1.83 and a beta of 1.15. The company has a quick ratio of 1.69, a current ratio of 1.83 and a debt-to-equity ratio of 0.01. The stock's 50-day simple moving average is $69.38 and its two-hundred day simple moving average is $80.64.

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