Versor Investments LP Purchases Shares of 4,300 ePlus inc. (NASDAQ:PLUS)

Versor Investments LP purchased a new stake in ePlus inc. (NASDAQ:PLUS - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 4,300 shares of the software maker's stock, valued at approximately $318,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Pacer Advisors Inc. grew its position in ePlus by 19.8% in the third quarter. Pacer Advisors Inc. now owns 1,387,899 shares of the software maker's stock valued at $136,486,000 after acquiring an additional 229,837 shares during the last quarter. FMR LLC increased its position in ePlus by 70.9% during 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 3rd quarter. State Street Corp now owns 1,021,341 shares of the software maker's stock valued at $100,439,000 after purchasing an additional 6,241 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of ePlus by 20.4% during the third quarter. Wellington Management Group LLP now owns 968,998 shares of the software maker's stock worth $95,291,000 after buying an additional 164,016 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of ePlus by 16.8% during the 3rd quarter. Geode Capital Management LLC now owns 731,909 shares of the software maker's stock valued at $71,987,000 after acquiring an additional 105,526 shares in the last quarter. Institutional investors own 93.80% of the company's stock.

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ePlus Trading Up 2.2 %

PLUS traded up $1.41 during trading on Friday, reaching $65.58. 184,647 shares of the company's stock were exchanged, compared to its average volume of 217,303. The firm has a fifty day moving average price of $73.46 and a two-hundred day moving average price of $84.06. The stock has a market capitalization of $1.75 billion, a PE ratio of 16.73, a price-to-earnings-growth ratio of 1.83 and a beta of 1.10. ePlus inc. has a one year low of $61.91 and a one year 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.

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

Wall Street Analysts Forecast Growth

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

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.