Quantbot Technologies LP Makes New $821,000 Investment in ePlus inc. (NASDAQ:PLUS)

Quantbot Technologies LP bought a new position in ePlus inc. (NASDAQ:PLUS - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 11,106 shares of the software maker's stock, valued at approximately $821,000.

A number of other institutional investors have also added to or reduced their stakes in PLUS. FMR LLC boosted its holdings in shares of ePlus by 70.9% in the 3rd quarter. FMR LLC now owns 1,117,812 shares of the software maker's stock worth $109,926,000 after purchasing an additional 463,621 shares in the last quarter. State Street Corp lifted its stake in ePlus by 0.6% in the third quarter. State Street Corp now owns 1,021,341 shares of the software maker's stock worth $100,439,000 after purchasing an additional 6,241 shares during the last quarter. Wellington Management Group LLP boosted its position in ePlus by 20.4% during the third quarter. Wellington Management Group LLP now owns 968,998 shares of the software maker's stock valued at $95,291,000 after buying an additional 164,016 shares during the period. Geode Capital Management LLC grew its stake 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 valued at $71,987,000 after buying an additional 105,526 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of ePlus by 1.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 394,903 shares of the software maker's stock valued at $38,835,000 after purchasing an additional 3,877 shares during the period. Institutional investors own 93.80% of the company's stock.

Remove Ads

Wall Street Analyst Weigh In

Separately, StockNews.com raised ePlus from a "hold" rating to a "buy" rating in a research note on Thursday.

ePlus Trading Down 3.6 %

Shares of NASDAQ:PLUS traded down $2.32 on Friday, hitting $61.93. The company had a trading volume of 146,550 shares, compared to its average volume of 238,403. The firm's 50-day simple moving average is $69.76 and its two-hundred day simple moving average is $80.84. The firm has a market capitalization of $1.65 billion, a price-to-earnings ratio of 15.80, 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. ePlus inc. has a 1 year low of $61.17 and a 1 year high of $106.98.

ePlus (NASDAQ:PLUS - Get Free Report) last issued 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 return on equity of 11.23% and a net margin of 4.93%. Equities analysts anticipate 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.