Bridge City Capital LLC Acquires 10,910 Shares of ePlus inc. (NASDAQ:PLUS)

Bridge City Capital LLC lifted its holdings in shares of ePlus inc. (NASDAQ:PLUS - Free Report) by 30.1% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 47,182 shares of the software maker's stock after buying an additional 10,910 shares during the period. Bridge City Capital LLC owned about 0.18% of ePlus worth $2,880,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also added to or reduced their stakes in PLUS. Versor Investments LP acquired a new stake in shares of ePlus during the 4th quarter worth approximately $318,000. KLP Kapitalforvaltning AS purchased a new stake in ePlus during the fourth quarter valued at about $384,000. Principal Financial Group Inc. grew its position in shares of 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 purchasing an additional 4,425 shares in the last quarter. American Century Companies Inc. increased its holdings in ePlus by 18.2% during the 4th 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 during the period. Finally, JPMorgan Chase & Co. raised its stake in ePlus by 126.6% in the fourth quarter. JPMorgan Chase & Co. now owns 124,251 shares of the software maker's stock valued at $9,180,000 after purchasing an additional 69,410 shares in the last quarter. Institutional investors own 93.80% of the company's stock.

ePlus Trading Up 0.2%

ePlus stock opened at $71.11 on Monday. ePlus inc. has a 12-month low of $53.83 and a 12-month 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. The firm has a market capitalization of $1.89 billion, a price-to-earnings ratio of 18.14, a P/E/G ratio of 1.83 and a beta of 1.15. The firm has a 50 day moving average of $63.56 and a 200 day moving average of $69.71.

ePlus (NASDAQ:PLUS - Get Free Report) last released its earnings results on Thursday, May 22nd. The software maker reported $0.95 EPS for the quarter, beating analysts' consensus estimates of $0.87 by $0.08. ePlus had a return on equity of 11.23% and a net margin of 4.93%. The firm had revenue of $498.11 million for the quarter, compared to analysts' expectations of $523.85 million. As a group, research analysts predict that ePlus inc. will post 3.78 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of ePlus from a "hold" rating to a "buy" rating in a report on Saturday, May 24th.

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.

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