Castlekeep Investment Advisors LLC Makes New Investment in ePlus inc. (NASDAQ:PLUS)

Castlekeep Investment Advisors LLC bought a new position in ePlus inc. (NASDAQ:PLUS - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 23,153 shares of the software maker's stock, valued at approximately $1,711,000. Castlekeep Investment Advisors LLC owned approximately 0.09% of ePlus at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Versor Investments LP bought a new position in shares of ePlus in the fourth quarter valued at $318,000. KLP Kapitalforvaltning AS acquired a new position in shares of ePlus in the 4th quarter worth $384,000. Principal Financial Group Inc. raised its position in shares of ePlus by 3.3% during the fourth quarter. Principal Financial Group Inc. now owns 137,452 shares of the software maker's stock worth $10,155,000 after purchasing an additional 4,425 shares during the period. American Century Companies Inc. lifted its holdings in shares of ePlus by 18.2% during the fourth quarter. American Century Companies Inc. now owns 790,332 shares of the software maker's stock valued at $58,390,000 after purchasing an additional 121,945 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of ePlus by 126.6% in the 4th 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 during the period. 93.80% of the stock is owned by institutional investors and hedge funds.

ePlus Trading Up 0.6%

Shares of NASDAQ:PLUS traded up $0.41 during mid-day trading on Thursday, hitting $70.74. The stock had a trading volume of 46,045 shares, compared to its average volume of 211,513. The company's 50 day moving average is $62.47 and its 200-day moving average is $70.49. ePlus inc. has a 12-month low of $53.83 and a 12-month high of $106.98. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.69 and a current ratio of 1.83. The company has a market cap of $1.88 billion, a PE ratio of 18.05, a P/E/G ratio of 1.83 and a beta of 1.12.

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

Analysts Set New Price Targets

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

ePlus Company 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.