Bridge City Capital LLC Grows Stock Holdings in ePlus inc. (NASDAQ:PLUS)

Bridge City Capital LLC grew its holdings in ePlus inc. (NASDAQ:PLUS - Free Report) by 30.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,182 shares of the software maker's stock after acquiring 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 Securities & Exchange Commission.

A number of other large investors have also modified their holdings of PLUS. Smartleaf Asset Management LLC boosted its holdings in ePlus by 91.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 342 shares of the software maker's stock valued at $25,000 after purchasing an additional 163 shares during the period. Jones Financial Companies Lllp raised its position in ePlus by 256.8% in the 4th quarter. Jones Financial Companies Lllp now owns 421 shares of the software maker's stock valued at $31,000 after purchasing an additional 303 shares in the last quarter. Quarry LP raised its position in ePlus by 1,000.0% in the 4th quarter. Quarry LP now owns 473 shares of the software maker's stock valued at $35,000 after purchasing an additional 430 shares in the last quarter. Versant Capital Management Inc boosted its stake in shares of ePlus by 377.9% in 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. Finally, Johnson Financial Group Inc. acquired a new position in shares of ePlus during the fourth quarter worth about $60,000. Hedge funds and other institutional investors own 93.80% of the company's stock.

Wall Street Analysts Forecast Growth

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

ePlus Stock Down 1.2%

Shares of NASDAQ:PLUS traded down $0.84 during trading hours on Thursday, reaching $70.83. The stock had a trading volume of 118,737 shares, compared to its average volume of 207,714. ePlus inc. has a 1 year low of $53.83 and a 1 year high of $106.98. The firm's 50 day moving average is $64.34 and its 200-day moving average is $69.67. The stock has a market capitalization of $1.88 billion, a price-to-earnings ratio of 18.07, a P/E/G ratio of 1.83 and a beta of 1.15. 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 (NASDAQ:PLUS - Get Free Report) last announced its quarterly earnings results on Thursday, May 22nd. The software maker reported $0.95 EPS for the quarter, topping the consensus estimate of $0.87 by $0.08. The firm had revenue of $498.11 million for the quarter, compared to analyst estimates of $523.85 million. ePlus had a net margin of 4.93% and a return on equity of 11.23%. Research analysts predict that ePlus inc. will post 3.78 earnings per share for the current fiscal year.

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.