ePlus inc. (NASDAQ:PLUS) Shares Bought by Inspire Investing LLC

Inspire Investing LLC lifted its holdings in shares of ePlus inc. (NASDAQ:PLUS) by 3.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,353 shares of the software maker’s stock after purchasing an additional 168 shares during the quarter. Inspire Investing LLC’s holdings in ePlus were worth $394,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Principal Securities Inc. acquired a new stake in shares of ePlus in the fourth quarter valued at $40,000. Vanguard Personalized Indexing Management LLC purchased a new stake in ePlus during the 4th quarter worth about $216,000. Franklin Resources Inc. raised its position in ePlus by 2.4% in the 4th quarter. Franklin Resources Inc. now owns 15,418 shares of the software maker’s stock valued at $1,231,000 after purchasing an additional 362 shares in the last quarter. Oliver Luxxe Assets LLC boosted its stake in shares of ePlus by 54.6% in the 4th quarter. Oliver Luxxe Assets LLC now owns 17,964 shares of the software maker’s stock valued at $1,434,000 after buying an additional 6,346 shares during the period. Finally, Campbell & CO Investment Adviser LLC grew its position in shares of ePlus by 134.6% during the fourth quarter. Campbell & CO Investment Adviser LLC now owns 8,269 shares of the software maker’s stock worth $660,000 after buying an additional 4,744 shares in the last quarter. Institutional investors and hedge funds own 93.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of ePlus from a “buy” rating to a “hold” rating in a report on Friday, August 16th.

ePlus Stock Performance

NASDAQ:PLUS opened at $98.92 on Friday. ePlus inc. has a 12 month low of $53.53 and a 12 month high of $102.32. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.01 and a quick ratio of 1.87. The firm has a market capitalization of $2.67 billion, a PE ratio of 22.85, a price-to-earnings-growth ratio of 1.86 and a beta of 1.11. The business’s fifty day moving average price is $89.50 and its 200 day moving average price is $81.11.

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 the consensus estimate of $1.05 by ($0.03). ePlus had a return on equity of 12.32% and a net margin of 4.98%. The business had revenue of $544.54 million for the quarter, compared to analyst estimates of $555.23 million. On average, sell-side analysts anticipate that ePlus inc. will post 4.67 earnings per share for the current fiscal year.

Insider Buying and Selling at ePlus

In other news, CFO Elaine D. Marion sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $92.19, for a total transaction of $460,950.00. Following the completion of the sale, the chief financial officer now owns 64,442 shares in the company, valued at approximately $5,940,907.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.41% of the stock is currently owned by insiders.

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.