Squarepoint Ops LLC Grows Position in ePlus inc. (NASDAQ:PLUS)

Squarepoint Ops LLC raised its position in shares of ePlus inc. (NASDAQ:PLUS - Free Report) by 287.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,043 shares of the software maker's stock after purchasing an additional 8,932 shares during the period. Squarepoint Ops LLC's holdings in ePlus were worth $890,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Castlekeep Investment Advisors LLC purchased a new position in ePlus during the fourth quarter valued at approximately $127,898,000. Mirabella Financial Services LLP bought a new stake in ePlus during the 4th quarter valued at $43,517,000. Rockefeller Capital Management L.P. purchased a new position in shares of ePlus in the 4th quarter valued at $15,590,000. American Century Companies Inc. raised its position 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 worth $58,390,000 after acquiring an additional 121,945 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of ePlus in the 4th quarter worth $8,683,000. Institutional investors own 93.80% of the company's stock.

ePlus Stock Up 2.0%

Shares of NASDAQ:PLUS traded up $1.45 during trading on Tuesday, reaching $72.20. The stock had a trading volume of 182,881 shares, compared to its average volume of 213,220. The firm's 50-day simple moving average is $62.83 and its 200 day simple moving average is $69.95. The company has a current ratio of 1.83, a quick ratio of 1.69 and a debt-to-equity ratio of 0.01. ePlus inc. has a one year low of $53.83 and a one year high of $106.98. The company has a market capitalization of $1.92 billion, a P/E ratio of 18.42, a PEG ratio of 1.83 and a beta of 1.12.

ePlus (NASDAQ:PLUS - Get Free Report) last announced its earnings results on Thursday, May 22nd. The software maker reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.08. ePlus had a net margin of 4.93% and a return on equity of 11.23%. The company had revenue of $498.11 million during the quarter, compared to the consensus estimate of $523.85 million. As a group, research analysts expect that ePlus inc. will post 3.78 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised ePlus from a "hold" rating to a "buy" rating in a research report on Saturday, May 24th.

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.