Intech Investment Management LLC Acquires 10,299 Shares of ePlus inc. (NASDAQ:PLUS)

Intech Investment Management LLC raised its stake in ePlus inc. (NASDAQ:PLUS - Free Report) by 134.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,980 shares of the software maker's stock after buying an additional 10,299 shares during the period. Intech Investment Management LLC owned about 0.07% of ePlus worth $1,328,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Smartleaf Asset Management LLC raised its position in ePlus by 91.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 342 shares of the software maker's stock valued at $25,000 after purchasing an additional 163 shares in the last quarter. Larson Financial Group LLC raised its holdings in shares of ePlus by 6,140.0% during the 3rd quarter. Larson Financial Group LLC now owns 312 shares of the software maker's stock valued at $31,000 after buying an additional 307 shares in the last quarter. Jones Financial Companies Lllp lifted its position in ePlus by 256.8% in the 4th quarter. Jones Financial Companies Lllp now owns 421 shares of the software maker's stock worth $31,000 after buying an additional 303 shares during the last quarter. National Bank of Canada FI purchased a new stake in ePlus in the third quarter worth approximately $76,000. Finally, Quent Capital LLC bought a new position in ePlus during the fourth quarter valued at approximately $94,000. Hedge funds and other institutional investors own 93.80% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of ePlus from a "buy" rating to a "hold" rating in a report on Wednesday, March 19th.

Remove Ads

ePlus Trading Up 0.7 %

Shares of NASDAQ:PLUS traded up $0.42 on Wednesday, reaching $64.74. 207,167 shares of the company traded hands, compared to its average volume of 240,159. ePlus inc. has a 52 week low of $61.75 and a 52 week high of $106.98. The company has a current ratio of 1.83, a quick ratio of 1.69 and a debt-to-equity ratio of 0.01. The business's 50-day simple moving average is $70.73 and its 200 day simple moving average is $81.34. The stock has a market capitalization of $1.72 billion, a P/E ratio of 16.52, a price-to-earnings-growth ratio of 1.83 and a beta of 1.15.

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 the consensus estimate 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 anticipate that ePlus inc. will post 3.78 EPS for the current fiscal 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.