Haven Private LLC acquired a new position in ePlus inc. (NASDAQ:PLUS - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 7,513 shares of the software maker's stock, valued at approximately $555,000.
Several other institutional investors and hedge funds have also bought and sold shares of PLUS. Creative Planning purchased a new stake in ePlus in the third quarter worth $280,000. Assetmark Inc. lifted its position in shares of ePlus by 3.8% in the 3rd quarter. Assetmark Inc. now owns 18,943 shares of the software maker's stock worth $1,863,000 after purchasing an additional 699 shares during the period. Atria Investments Inc purchased a new stake in shares of ePlus in the 3rd quarter worth about $202,000. WCM Investment Management LLC boosted its stake in shares of ePlus by 3.3% during the 3rd quarter. WCM Investment Management LLC now owns 479,731 shares of the software maker's stock valued at $47,407,000 after purchasing an additional 15,294 shares in the last quarter. Finally, Entropy Technologies LP purchased a new position in shares of ePlus during the third quarter valued at about $335,000. Hedge funds and other institutional investors own 93.80% of the company's stock.
ePlus Stock Performance
NASDAQ:PLUS traded down $1.48 during mid-day trading on Tuesday, hitting $64.94. 227,356 shares of the company traded hands, compared to its average volume of 217,262. 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 one year low of $61.91 and a one year high of $106.98. The firm has a market cap of $1.73 billion, a price-to-earnings ratio of 16.57, a price-to-earnings-growth ratio of 1.83 and a beta of 1.15. The stock's fifty day moving average price is $73.17 and its 200-day moving average price is $83.57.
ePlus (NASDAQ:PLUS - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The software maker reported $0.91 EPS 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 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Separately, StockNews.com raised ePlus from a "hold" rating to a "buy" rating in a research report on Thursday, March 6th.
Read Our Latest Stock Analysis 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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