Gotham Asset Management LLC Purchases 6,100 Shares of ePlus inc. (NASDAQ:PLUS)

Gotham Asset Management LLC boosted its position in ePlus inc. (NASDAQ:PLUS - Free Report) by 74.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,302 shares of the software maker's stock after acquiring an additional 6,100 shares during the quarter. Gotham Asset Management LLC owned 0.05% of ePlus worth $1,057,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC increased its holdings in ePlus by 82.3% in the third quarter. Barclays PLC now owns 80,328 shares of the software maker's stock valued at $7,899,000 after buying an additional 36,267 shares during the last quarter. Wedge Capital Management L L P NC boosted its position in shares of ePlus by 16.5% during the fourth quarter. Wedge Capital Management L L P NC now owns 19,543 shares of the software maker's stock worth $1,444,000 after buying an additional 2,762 shares during the period. KBC Group NV boosted its position in shares of ePlus by 48.9% during the fourth quarter. KBC Group NV now owns 1,380 shares of the software maker's stock worth $102,000 after buying an additional 453 shares during the period. Cascade Investment Advisors Inc. boosted its stake in ePlus by 1.7% during the 4th quarter. Cascade Investment Advisors Inc. now owns 16,004 shares of the software maker's stock valued at $1,182,000 after purchasing an additional 275 shares in the last quarter. Finally, Swedbank AB bought a new position in ePlus during the 4th quarter valued at $11,082,000. Institutional investors and hedge funds own 93.80% of the company's stock.

ePlus Stock Performance

PLUS traded up $1.28 on Friday, hitting $66.97. 293,144 shares of the stock traded hands, compared to its average volume of 213,440. ePlus inc. has a 52 week low of $53.83 and a 52 week high of $106.98. 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 has a market capitalization of $1.78 billion, a PE ratio of 17.08, a P/E/G ratio of 1.83 and a beta of 1.12. The business has a fifty day moving average price of $62.19 and a two-hundred day moving average price of $71.10.

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. ePlus had a return on equity of 11.23% and a net margin of 4.93%. The business had revenue of $498.11 million for the quarter, compared to the consensus estimate of $523.85 million. On average, research analysts predict that ePlus inc. will post 3.78 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded ePlus from a "hold" rating to a "buy" rating in a report on Friday, April 18th.

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.