Universal Beteiligungs und Servicegesellschaft mbH Makes New Investment in ePlus inc. (NASDAQ:PLUS)

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in ePlus inc. (NASDAQ:PLUS - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm bought 4,800 shares of the software maker's stock, valued at approximately $293,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Cascade Investment Advisors Inc. increased its holdings in ePlus by 1.6% in the 1st quarter. Cascade Investment Advisors Inc. now owns 16,264 shares of the software maker's stock worth $993,000 after acquiring an additional 260 shares in the last quarter. Huntington National Bank increased its position in ePlus by 35.8% during the 4th quarter. Huntington National Bank now owns 1,168 shares of the software maker's stock worth $86,000 after purchasing an additional 308 shares during the period. Vista Finance LLC raised its holdings in ePlus by 7.8% during the first quarter. Vista Finance LLC now owns 4,606 shares of the software maker's stock worth $281,000 after purchasing an additional 333 shares during the last quarter. Quarry LP boosted its stake in shares of ePlus by 1,000.0% during the fourth quarter. Quarry LP now owns 473 shares of the software maker's stock valued at $35,000 after acquiring an additional 430 shares during the last quarter. Finally, Versant Capital Management Inc grew its stake in shares of ePlus by 377.9% during the 1st quarter. Versant Capital Management Inc now owns 712 shares of the software maker's stock valued at $43,000 after buying an additional 563 shares during the period. Institutional investors and hedge funds own 93.80% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut ePlus from a "buy" rating to a "hold" rating in a research note on Friday, June 27th.

ePlus Price Performance

Shares of NASDAQ:PLUS traded down $0.21 during trading on Wednesday, reaching $63.60. The stock had a trading volume of 148,646 shares, compared to its average volume of 203,979. ePlus inc. has a 52 week low of $53.83 and a 52 week high of $106.98. The stock has a market capitalization of $1.69 billion, a PE ratio of 15.70, a P/E/G ratio of 1.62 and a beta of 1.14. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.71 and a quick ratio of 1.56. The business's 50-day moving average price is $69.96 and its 200 day moving average price is $67.49.

ePlus (NASDAQ:PLUS - Get Free Report) last issued its earnings results on Thursday, May 22nd. The software maker reported $0.95 EPS for the quarter, beating the consensus estimate of $0.87 by $0.08. The company had revenue of $498.11 million during the quarter, compared to analysts' expectations of $523.85 million. ePlus had a net margin of 5.22% and a return on equity of 11.34%. As a group, equities analysts predict that ePlus inc. will post 3.78 earnings per share for the current 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.