Renaissance Technologies LLC Buys Shares of 18,600 ePlus inc. (NASDAQ:PLUS)

Renaissance Technologies LLC purchased a new stake in ePlus inc. (NASDAQ:PLUS - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 18,600 shares of the software maker's stock, valued at approximately $1,374,000. Renaissance Technologies LLC owned about 0.07% of ePlus as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC grew its position in shares of ePlus by 91.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 342 shares of the software maker's stock valued at $25,000 after buying an additional 163 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in shares of ePlus by 256.8% during the fourth quarter. Jones Financial Companies Lllp now owns 421 shares of the software maker's stock worth $31,000 after purchasing an additional 303 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of ePlus in the 4th quarter valued at about $61,000. Huntington National Bank boosted its position in shares of ePlus by 35.8% in the 4th quarter. Huntington National Bank now owns 1,168 shares of the software maker's stock valued at $86,000 after purchasing an additional 308 shares during the period. Finally, Quent Capital LLC acquired a new stake in shares of ePlus in the 4th quarter valued at about $94,000. Institutional investors and hedge funds own 93.80% of the company's stock.

ePlus Stock Performance

ePlus stock traded up $0.65 during midday trading on Thursday, hitting $63.01. 91,357 shares of the company's stock were exchanged, compared to its average volume of 222,348. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.69 and a current ratio of 1.83. The stock has a market cap of $1.68 billion, a price-to-earnings ratio of 16.07, a price-to-earnings-growth ratio of 1.83 and a beta of 1.12. ePlus inc. has a 12-month low of $53.83 and a 12-month high of $106.98. The firm's 50 day simple moving average is $61.98 and its 200 day simple moving average is $74.72.

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded ePlus from a "hold" rating to a "buy" rating in a research note 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.