Exchange Traded Concepts LLC Takes $968,000 Position in ePlus inc. (NASDAQ:PLUS)

Exchange Traded Concepts LLC acquired a new stake in ePlus inc. (NASDAQ:PLUS - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 15,869 shares of the software maker's stock, valued at approximately $968,000. Exchange Traded Concepts LLC owned approximately 0.06% of ePlus at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of PLUS. Castlekeep Investment Advisors LLC acquired a new stake in shares of ePlus in the 4th quarter valued at $127,898,000. Mirabella Financial Services LLP acquired a new stake in shares of ePlus in the 4th quarter valued at $43,517,000. Rockefeller Capital Management L.P. acquired a new stake in shares of ePlus in the 4th quarter valued at $15,590,000. American Century Companies Inc. raised its holdings in shares of ePlus by 18.2% in the 4th quarter. American Century Companies Inc. now owns 790,332 shares of the software maker's stock valued at $58,390,000 after purchasing an additional 121,945 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in ePlus during the 4th quarter worth $8,683,000. 93.80% of the stock is currently owned by institutional investors and hedge funds.

ePlus Stock Up 2.7%

NASDAQ:PLUS traded up $1.92 during midday trading on Monday, hitting $73.71. 141,582 shares of the company were exchanged, compared to its average volume of 160,649. The company has a fifty day simple moving average of $66.20 and a 200 day simple moving average of $68.97. ePlus inc. has a fifty-two week low of $53.83 and a fifty-two week high of $106.98. The company has a current ratio of 1.71, a quick ratio of 1.56 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $1.96 billion, a PE ratio of 18.20, a price-to-earnings-growth ratio of 1.74 and a beta of 1.15.

ePlus (NASDAQ:PLUS - Get Free Report) last announced 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. ePlus had a net margin of 5.22% and a return on equity of 11.34%. The firm had revenue of $498.11 million for the quarter, compared to analyst estimates of $523.85 million. As a group, equities analysts anticipate that ePlus inc. will post 3.78 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

ePlus 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.