Texas Permanent School Fund Corp Grows Stake in ePlus inc. (NASDAQ:PLUS)

Texas Permanent School Fund Corp grew its position in shares of ePlus inc. (NASDAQ:PLUS) by 3.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,201 shares of the software maker’s stock after purchasing an additional 882 shares during the period. Texas Permanent School Fund Corp owned approximately 0.09% of ePlus worth $1,783,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in PLUS. Principal Securities Inc. purchased a new position in shares of ePlus during the 4th quarter valued at $40,000. CWM LLC grew its position in shares of ePlus by 1,247.7% during the 2nd quarter. CWM LLC now owns 593 shares of the software maker’s stock valued at $44,000 after purchasing an additional 549 shares in the last quarter. YHB Investment Advisors Inc. purchased a new position in shares of ePlus during the 1st quarter valued at $58,000. Innealta Capital LLC purchased a new position in shares of ePlus during the 2nd quarter valued at $66,000. Finally, EntryPoint Capital LLC grew its position in shares of ePlus by 1,236.7% during the 1st quarter. EntryPoint Capital LLC now owns 1,056 shares of the software maker’s stock valued at $83,000 after purchasing an additional 977 shares in the last quarter. 93.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at ePlus

In other ePlus news, CFO Elaine D. Marion sold 5,000 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $92.19, for a total value of $460,950.00. Following the transaction, the chief financial officer now owns 64,442 shares in the company, valued at $5,940,907.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.41% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on PLUS. Stifel Nicolaus lifted their price objective on shares of ePlus from $80.00 to $90.00 and gave the stock a “hold” rating in a report on Thursday, May 23rd. StockNews.com downgraded shares of ePlus from a “buy” rating to a “hold” rating in a report on Friday, August 16th.

ePlus Stock Performance

ePlus stock opened at $96.66 on Thursday. The company has a quick ratio of 1.87, a current ratio of 2.01 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $2.61 billion, a PE ratio of 22.32, a P/E/G ratio of 1.86 and a beta of 1.11. The firm has a fifty day simple moving average of $88.56 and a two-hundred day simple moving average of $80.84. ePlus inc. has a twelve month low of $53.53 and a twelve month high of $99.57.

ePlus (NASDAQ:PLUS) last released its quarterly earnings data on Tuesday, August 6th. The software maker reported $1.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.03). ePlus had a net margin of 4.98% and a return on equity of 12.32%. The firm had revenue of $544.54 million during the quarter, compared to analysts’ expectations of $555.23 million. Research analysts expect that ePlus inc. will post 4.67 EPS for the current year.

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.