Victory Capital Management Inc. increased its stake in shares of ePlus inc. (NASDAQ:PLUS - Free Report) by 15.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 198,729 shares of the software maker's stock after acquiring an additional 27,271 shares during the period. Victory Capital Management Inc. owned about 0.75% of ePlus worth $12,128,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Quarry LP raised its holdings 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 acquiring an additional 430 shares during the period. Versant Capital Management Inc grew its position in ePlus by 377.9% in the first quarter. Versant Capital Management Inc now owns 712 shares of the software maker's stock valued at $43,000 after purchasing an additional 563 shares in the last quarter. Johnson Financial Group Inc. bought a new position in ePlus in the fourth quarter valued at $60,000. Meeder Asset Management Inc. bought a new position in ePlus in the fourth quarter valued at $61,000. Finally, GAMMA Investing LLC grew its position in ePlus by 625.5% in the first 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 in the last quarter. 93.80% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Separately, Wall Street Zen downgraded shares of ePlus from a "buy" rating to a "hold" rating in a research report on Friday, June 27th.
Get Our Latest Research Report on PLUS
ePlus Stock Performance
Shares of PLUS traded up $0.72 during midday trading on Friday, reaching $67.12. The stock had a trading volume of 84,884 shares, compared to its average volume of 195,688. The firm has a 50 day simple moving average of $70.15 and a 200-day simple moving average of $68.10. ePlus inc. has a one year low of $53.83 and a one year high of $106.98. The firm has a market cap of $1.78 billion, a PE ratio of 16.57, a P/E/G ratio of 1.69 and a beta of 1.14. The company has a current ratio of 1.71, a quick ratio of 1.56 and a debt-to-equity ratio of 0.01.
ePlus (NASDAQ:PLUS - Get Free Report) last announced its quarterly earnings data on Thursday, May 22nd. The software maker reported $0.95 EPS for the quarter, beating analysts' consensus estimates of $0.87 by $0.08. ePlus had a net margin of 5.22% and a return on equity of 11.34%. The company had revenue of $498.11 million during the quarter, compared to the consensus estimate of $523.85 million. As a group, sell-side analysts anticipate that ePlus inc. will post 3.78 EPS for the current year.
About ePlus
(
Free Report)
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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