Millennium Management LLC Boosts Holdings in ePlus inc. (NASDAQ:PLUS)

Millennium Management LLC raised its stake in ePlus inc. (NASDAQ:PLUS - Free Report) by 83.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 111,499 shares of the software maker's stock after acquiring an additional 50,732 shares during the period. Millennium Management LLC owned about 0.42% of ePlus worth $8,238,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in PLUS. Smartleaf Asset Management LLC raised its stake in shares of ePlus by 91.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 342 shares of the software maker's stock worth $25,000 after buying an additional 163 shares during the last quarter. Jones Financial Companies Lllp boosted its position in ePlus by 256.8% during the fourth 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 during the last quarter. Quarry LP increased its stake in shares of ePlus by 1,000.0% during the 4th quarter. Quarry LP now owns 473 shares of the software maker's stock worth $35,000 after purchasing an additional 430 shares during the last quarter. Johnson Financial Group Inc. acquired a new stake in ePlus during the fourth quarter worth approximately $60,000. Finally, Meeder Asset Management Inc. acquired a new position in shares of ePlus in the fourth quarter valued at about $61,000. 93.80% of the stock is owned by institutional investors.

ePlus Stock Up 0.2%

Shares of ePlus stock traded up $0.12 during trading hours on Friday, reaching $71.24. The company's stock had a trading volume of 21,201 shares, compared to its average volume of 210,741. The company has a market capitalization of $1.90 billion, a P/E ratio of 18.17, a P/E/G ratio of 1.83 and a beta of 1.12. ePlus inc. has a one year low of $53.83 and a one year high of $106.98. The stock's fifty day simple moving average is $62.57 and its two-hundred day simple moving average is $70.31. 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 released its earnings results on Thursday, May 22nd. The software maker reported $0.95 earnings per share for the quarter, beating analysts' consensus estimates of $0.87 by $0.08. The firm had revenue of $498.11 million during 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, research analysts forecast that ePlus inc. will post 3.78 earnings per share for the current year.

Analyst Ratings Changes

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

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.