Envestnet Asset Management Inc. boosted its stake in ePlus inc. (NASDAQ:PLUS - Free Report) by 9.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,314 shares of the software maker's stock after buying an additional 8,698 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.37% of ePlus worth $6,061,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. Quarry LP boosted its position in shares of ePlus by 1,000.0% during the fourth quarter. Quarry LP now owns 473 shares of the software maker's stock worth $35,000 after purchasing an additional 430 shares in the last quarter. Versant Capital Management Inc lifted its holdings in shares of ePlus by 377.9% during the first quarter. Versant Capital Management Inc now owns 712 shares of the software maker's stock worth $43,000 after buying an additional 563 shares in the last quarter. Johnson Financial Group Inc. acquired a new stake in shares of ePlus during the fourth quarter worth $60,000. Meeder Asset Management Inc. acquired a new stake in ePlus in the 4th quarter worth about $61,000. Finally, GAMMA Investing LLC raised its stake in ePlus by 625.5% in the 1st quarter. GAMMA Investing LLC now owns 1,023 shares of the software maker's stock worth $62,000 after purchasing an additional 882 shares in the last quarter. Institutional investors and hedge funds own 93.80% of the company's stock.
ePlus Trading Up 1.1%
Shares of PLUS traded up $0.72 during mid-day trading on Friday, reaching $67.12. 84,884 shares of the company were exchanged, compared to its average volume of 195,688. The stock has a market capitalization of $1.78 billion, a PE ratio of 16.57, a PEG ratio of 1.69 and a beta of 1.14. The business has a 50 day simple moving average of $70.15 and a two-hundred day simple moving average of $68.10. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.56 and a current ratio of 1.71. ePlus inc. has a 52 week low of $53.83 and a 52 week high of $106.98.
ePlus (NASDAQ:PLUS - Get Free Report) last issued its quarterly earnings results on Thursday, May 22nd. The software maker reported $0.95 earnings per share for the quarter, topping analysts' consensus estimates of $0.87 by $0.08. ePlus had a return on equity of 11.34% and a net margin of 5.22%. The firm had revenue of $498.11 million during the quarter, compared to the consensus estimate of $523.85 million. On average, analysts predict that ePlus inc. will post 3.78 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen cut shares of ePlus from a "buy" rating to a "hold" rating in a research report on Friday, June 27th.
Check Out Our Latest Stock Analysis on PLUS
About ePlus
(
Free Report)
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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