GAMMA Investing LLC Grows Stock Holdings in ePlus inc. (NASDAQ:PLUS)

GAMMA Investing LLC increased its holdings in ePlus inc. (NASDAQ:PLUS - Free Report) by 44,179.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 62,434 shares of the software maker's stock after purchasing an additional 62,293 shares during the quarter. GAMMA Investing LLC owned 0.23% of ePlus worth $3,810,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Entropy Technologies LP grew its holdings in shares of ePlus by 29.3% during the 4th quarter. Entropy Technologies LP now owns 4,408 shares of the software maker's stock worth $326,000 after acquiring an additional 1,000 shares during the period. Quent Capital LLC purchased a new stake in shares of ePlus during the 4th quarter valued at about $94,000. Allspring Global Investments Holdings LLC lifted its position in ePlus by 4.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 90,826 shares of the software maker's stock valued at $6,721,000 after purchasing an additional 3,527 shares in the last quarter. Rhumbline Advisers raised its position in shares of ePlus by 0.9% during the 4th quarter. Rhumbline Advisers now owns 75,215 shares of the software maker's stock valued at $5,557,000 after purchasing an additional 664 shares during the period. Finally, Vista Finance LLC bought a new stake in ePlus during the fourth quarter valued at about $316,000. Institutional investors own 93.80% of the company's stock.

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.

ePlus Stock Down 1.2%

Shares of NASDAQ:PLUS traded down $0.84 on Thursday, reaching $70.83. The company had a trading volume of 118,737 shares, compared to its average volume of 207,714. The firm has a market capitalization of $1.88 billion, a PE ratio of 18.07, a PEG ratio of 1.83 and a beta of 1.15. 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's 50 day simple moving average is $64.34 and its 200-day simple moving average is $69.67. 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 data on Thursday, May 22nd. The software maker reported $0.95 EPS for the quarter, topping analysts' consensus estimates of $0.87 by $0.08. The business had revenue of $498.11 million for the quarter, compared to analysts' expectations of $523.85 million. ePlus had a net margin of 4.93% and a return on equity of 11.23%. As a group, analysts expect that ePlus inc. will post 3.78 earnings per share for the current fiscal year.

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.