Castlekeep Investment Advisors LLC Invests $127.90 Million in ePlus inc. (NASDAQ:PLUS)

Castlekeep Investment Advisors LLC acquired a new stake in ePlus inc. (NASDAQ:PLUS - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,731,156 shares of the software maker's stock, valued at approximately $127,898,000. Castlekeep Investment Advisors LLC owned 6.46% of ePlus at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PLUS. Versor Investments LP bought a new stake in ePlus in the fourth quarter valued at approximately $318,000. KLP Kapitalforvaltning AS bought a new position in ePlus during the fourth quarter worth about $384,000. Principal Financial Group Inc. grew its stake in ePlus by 3.3% in the fourth quarter. Principal Financial Group Inc. now owns 137,452 shares of the software maker's stock valued at $10,155,000 after acquiring an additional 4,425 shares during the period. American Century Companies Inc. increased its holdings in shares of ePlus by 18.2% in the fourth quarter. American Century Companies Inc. now owns 790,332 shares of the software maker's stock worth $58,390,000 after acquiring an additional 121,945 shares in the last quarter. Finally, Zions Bancorporation N.A. raised its position in shares of ePlus by 19.2% during the fourth quarter. Zions Bancorporation N.A. now owns 27,417 shares of the software maker's stock worth $2,026,000 after purchasing an additional 4,413 shares during the period. 93.80% of the stock is owned by institutional investors.

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 Price Performance

PLUS stock opened at $63.88 on Monday. The stock has a 50-day moving average price of $61.84 and a two-hundred day moving average price of $73.85. ePlus inc. has a 1 year low of $53.83 and a 1 year high of $106.98. The stock has a market cap of $1.70 billion, a PE ratio of 16.30, a price-to-earnings-growth ratio of 1.83 and a beta of 1.12. 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 announced its 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%. Equities analysts forecast that ePlus inc. will post 3.78 EPS 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.

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