ePlus inc. (NASDAQ:PLUS) Shares Bought by New York State Common Retirement Fund

New York State Common Retirement Fund raised its position in ePlus inc. (NASDAQ:PLUS - Free Report) by 7.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 100,493 shares of the software maker's stock after acquiring an additional 6,782 shares during the quarter. New York State Common Retirement Fund owned approximately 0.38% of ePlus worth $6,133,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Quarry LP lifted 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 ePlus by 377.9% during the 1st 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. purchased a new position in ePlus in the 4th quarter valued at approximately $60,000. Meeder Asset Management Inc. purchased a new position in ePlus in the 4th quarter valued at approximately $61,000. Finally, GAMMA Investing LLC grew its stake in shares of ePlus by 625.5% in the first quarter. GAMMA Investing LLC now owns 1,023 shares of the software maker's stock worth $62,000 after acquiring an additional 882 shares in the last quarter. 93.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen lowered ePlus from a "buy" rating to a "hold" rating in a report on Friday, June 27th.

ePlus Stock Down 1.2%

Shares of ePlus stock traded down $0.78 on Thursday, reaching $66.40. 140,884 shares of the company were exchanged, compared to its average volume of 198,242. The stock's 50 day moving average price is $70.15 and its 200-day moving average price is $68.21. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.71 and a quick ratio of 1.56. ePlus inc. has a 1-year low of $53.83 and a 1-year high of $106.98. The company has a market cap of $1.76 billion, a P/E ratio of 16.40, a price-to-earnings-growth ratio of 1.69 and a beta of 1.14.

ePlus (NASDAQ:PLUS - Get Free Report) last posted 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 company had revenue of $498.11 million during the quarter, compared to analysts' expectations of $523.85 million. ePlus had a net margin of 5.22% and a return on equity of 11.34%. As a group, equities analysts forecast that ePlus inc. will post 3.78 EPS for the current 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.