Renaissance Technologies LLC Invests $1.37 Million in ePlus inc. (NASDAQ:PLUS)

Renaissance Technologies LLC acquired a new stake in shares of ePlus inc. (NASDAQ:PLUS - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 18,600 shares of the software maker's stock, valued at approximately $1,374,000. Renaissance Technologies LLC owned 0.07% of ePlus as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of PLUS. Smartleaf Asset Management LLC lifted its stake in shares of ePlus by 91.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 342 shares of the software maker's stock worth $25,000 after purchasing an additional 163 shares during the period. Jones Financial Companies Lllp lifted its position in ePlus by 256.8% during the fourth 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 period. Meeder Asset Management Inc. acquired a new stake in ePlus in the 4th quarter worth about $61,000. Huntington National Bank grew its holdings in ePlus by 35.8% in the 4th quarter. Huntington National Bank now owns 1,168 shares of the software maker's stock valued at $86,000 after buying an additional 308 shares during the period. Finally, Quent Capital LLC acquired a new position in shares of ePlus during the 4th quarter valued at about $94,000. Institutional investors and hedge funds own 93.80% of the company's stock.

Analysts Set New Price Targets

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

ePlus Trading Down 0.7 %

PLUS stock opened at $62.47 on Tuesday. 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 company has a market cap of $1.66 billion, a price-to-earnings ratio of 15.94, a PEG ratio of 1.83 and a beta of 1.12. The business has a fifty day simple moving average of $62.18 and a 200-day simple moving average of $74.89. ePlus inc. has a 52 week low of $53.83 and a 52 week high of $106.98.

ePlus (NASDAQ:PLUS - Get Free Report) last announced its quarterly earnings results 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%. On average, equities research analysts expect that ePlus inc. will post 3.78 EPS for the current year.

ePlus Company 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.

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