Mirabella Financial Services LLP Makes New $43.52 Million Investment in ePlus inc. (NASDAQ:PLUS)

Mirabella Financial Services LLP bought a new stake in ePlus inc. (NASDAQ:PLUS - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 589,027 shares of the software maker's stock, valued at approximately $43,517,000. ePlus makes up approximately 3.9% of Mirabella Financial Services LLP's holdings, making the stock its 3rd largest holding. Mirabella Financial Services LLP owned approximately 2.20% of ePlus at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. American Century Companies Inc. increased its stake in 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. Geode Capital Management LLC increased its position in shares of ePlus by 16.8% in the third quarter. Geode Capital Management LLC now owns 731,909 shares of the software maker's stock valued at $71,987,000 after buying an additional 105,526 shares in the last quarter. Rockefeller Capital Management L.P. acquired a new position in shares of ePlus during the 4th quarter worth $15,590,000. Swedbank AB purchased a new stake in shares of ePlus in the 4th quarter worth about $11,082,000. Finally, Principal Financial Group Inc. grew its stake in ePlus by 3.3% in the 4th quarter. Principal Financial Group Inc. now owns 137,452 shares of the software maker's stock valued at $10,155,000 after acquiring an additional 4,425 shares during the last quarter. 93.80% of the stock is currently owned by institutional investors and hedge funds.

ePlus Price Performance

NASDAQ:PLUS traded down $0.43 during trading hours on Friday, reaching $62.12. 57,028 shares of the company traded hands, compared to its average volume of 227,938. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.83 and a quick ratio of 1.69. The firm's 50-day moving average is $62.47 and its 200-day moving average is $75.73. The stock has a market cap of $1.65 billion, a P/E ratio of 15.85, a P/E/G ratio of 1.83 and a beta of 1.12. ePlus inc. has a 1-year low of $53.83 and a 1-year high of $106.98.

ePlus (NASDAQ:PLUS - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The software maker reported $0.91 EPS for the quarter, missing analysts' consensus estimates of $1.28 by ($0.37). ePlus had a net margin of 4.93% and a return on equity of 11.23%. Equities research analysts expect that ePlus inc. will post 3.78 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of ePlus from a "hold" rating to a "buy" rating in a research report on Friday, April 18th.

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.