Mirabella Financial Services LLP Takes $43.52 Million Position in ePlus inc. (NASDAQ:PLUS)

Mirabella Financial Services LLP purchased a new position in shares of ePlus inc. (NASDAQ:PLUS - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 589,027 shares of the software maker's stock, valued at approximately $43,517,000. ePlus makes up about 3.9% of Mirabella Financial Services LLP's holdings, making the stock its 3rd biggest position. Mirabella Financial Services LLP owned about 2.20% of ePlus as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in PLUS. Rockefeller Capital Management L.P. bought a new position in shares of ePlus during the 4th quarter valued at about $15,590,000. Swedbank AB acquired a new stake in ePlus during the fourth quarter valued at approximately $11,082,000. American Century Companies Inc. boosted its holdings in ePlus by 18.2% during 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 in the last quarter. Raymond James Financial Inc. acquired a new position in ePlus in the fourth quarter worth approximately $8,683,000. Finally, Geode Capital Management LLC grew its position in ePlus by 16.8% in the third quarter. Geode Capital Management LLC now owns 731,909 shares of the software maker's stock worth $71,987,000 after buying an additional 105,526 shares during the last quarter. 93.80% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com raised ePlus from a "hold" rating to a "buy" rating in a research note on Friday, April 18th.

ePlus Trading Up 1.3 %

NASDAQ PLUS traded up $0.80 on Wednesday, hitting $60.90. 142,757 shares of the company were exchanged, compared to its average volume of 231,894. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.83 and a quick ratio of 1.69. ePlus inc. has a twelve month low of $53.83 and a twelve month high of $106.98. The firm has a market capitalization of $1.62 billion, a P/E ratio of 15.54, a price-to-earnings-growth ratio of 1.83 and a beta of 1.12. The company's 50 day moving average price is $62.82 and its 200-day moving average price is $76.07.

ePlus (NASDAQ:PLUS - Get Free Report) last released 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%. Analysts predict that ePlus inc. will post 3.78 earnings per share for the current fiscal 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.