Semanteon Capital Management LP Purchases Shares of 8,611 ePlus inc. (NASDAQ:PLUS)

Semanteon Capital Management LP bought a new position in ePlus inc. (NASDAQ:PLUS - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 8,611 shares of the software maker's stock, valued at approximately $636,000.

Other large investors also recently modified their holdings of the company. Larson Financial Group LLC raised its position in ePlus by 6,140.0% in the 3rd quarter. Larson Financial Group LLC now owns 312 shares of the software maker's stock worth $31,000 after purchasing an additional 307 shares during the last quarter. Smartleaf Asset Management LLC raised its position in shares of ePlus by 91.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 342 shares of the software maker's stock worth $25,000 after acquiring an additional 163 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in shares of ePlus by 256.8% during the fourth quarter. Jones Financial Companies Lllp now owns 421 shares of the software maker's stock valued at $31,000 after acquiring an additional 303 shares during the period. National Bank of Canada FI acquired a new position in shares of ePlus during the third quarter valued at $76,000. Finally, Advisors Asset Management Inc. boosted its holdings in ePlus by 43.9% in the third quarter. Advisors Asset Management Inc. now owns 1,121 shares of the software maker's stock valued at $110,000 after acquiring an additional 342 shares during the last quarter. 93.80% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Remove Ads

ePlus Trading Up 0.7 %

PLUS traded up $0.42 during midday trading on Wednesday, reaching $64.74. 207,167 shares of the company were exchanged, compared to its average volume of 240,159. The stock has a market capitalization of $1.72 billion, a P/E ratio of 16.52, a PEG ratio of 1.83 and a beta of 1.15. The stock's 50-day simple moving average is $70.73 and its 200 day simple moving average is $81.34. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.69 and a current ratio of 1.83. ePlus inc. has a one year low of $61.75 and a one year high of $106.98.

ePlus (NASDAQ:PLUS - Get Free Report) last posted its earnings results on Wednesday, February 5th. The software maker reported $0.91 earnings per share 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, analysts forecast that ePlus inc. will post 3.78 earnings per share for the current fiscal 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.