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

New York State Common Retirement Fund grew its position in shares of ePlus inc. (NASDAQ:PLUS - Free Report) by 7.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm 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 about 0.38% of ePlus worth $6,133,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quarry LP lifted its position in ePlus by 1,000.0% in the fourth quarter. Quarry LP now owns 473 shares of the software maker's stock worth $35,000 after purchasing an additional 430 shares during the period. Versant Capital Management Inc lifted its stake in ePlus by 377.9% during the first quarter. Versant Capital Management Inc now owns 712 shares of the software maker's stock valued at $43,000 after buying an additional 563 shares in the last quarter. Johnson Financial Group Inc. purchased a new position in ePlus during the 4th quarter worth approximately $60,000. Meeder Asset Management Inc. purchased a new position in shares of ePlus during the fourth quarter valued at $61,000. Finally, GAMMA Investing LLC increased its holdings in shares of ePlus by 625.5% in the 1st quarter. GAMMA Investing LLC now owns 1,023 shares of the software maker's stock valued at $62,000 after purchasing an additional 882 shares during the period. Institutional investors own 93.80% of the company's stock.

Wall Street Analysts Forecast Growth

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

ePlus Price Performance

NASDAQ PLUS opened at $68.43 on Monday. The firm has a market cap of $1.82 billion, a P/E ratio of 16.90, a price-to-earnings-growth ratio of 1.73 and a beta of 1.14. The stock's 50-day moving average is $70.09 and its two-hundred day moving average is $68.34. ePlus inc. has a fifty-two week low of $53.83 and a fifty-two week high of $106.98. 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 (NASDAQ:PLUS - Get Free Report) last announced its 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 firm had revenue of $498.11 million for the quarter, compared to the consensus estimate of $523.85 million. ePlus had a net margin of 5.22% and a return on equity of 11.34%. On average, analysts anticipate that ePlus inc. will post 3.78 earnings per share for the current fiscal year.

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.

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