5,200 Shares in ePlus inc. (NASDAQ:PLUS) Bought by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS acquired a new stake in shares of ePlus inc. (NASDAQ:PLUS) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 5,200 shares of the software maker’s stock, valued at approximately $384,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Wellington Management Group LLP lifted its holdings in shares of ePlus by 20.4% during the 3rd quarter. Wellington Management Group LLP now owns 968,998 shares of the software maker’s stock worth $95,291,000 after acquiring an additional 164,016 shares during the last quarter. Swedbank AB purchased a new stake in ePlus during the fourth quarter valued at about $11,082,000. American Century Companies Inc. lifted its stake in ePlus by 18.2% during the fourth quarter. American Century Companies Inc. now owns 790,332 shares of the software maker’s stock worth $58,390,000 after purchasing an additional 121,945 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of ePlus in the 4th quarter worth about $8,683,000. Finally, Geode Capital Management LLC increased its position in shares of ePlus by 16.8% during the 3rd quarter. Geode Capital Management LLC now owns 731,909 shares of the software maker’s stock valued at $71,987,000 after purchasing an additional 105,526 shares during the last quarter. 93.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of ePlus from a “hold” rating to a “buy” rating in a research report on Thursday, March 27th.

ePlus Price Performance

Shares of NASDAQ:PLUS opened at $57.14 on Friday. The company has a quick ratio of 1.69, a current ratio of 1.83 and a debt-to-equity ratio of 0.01. The stock has a market cap of $1.52 billion, a PE ratio of 14.58, a PEG ratio of 1.83 and a beta of 1.15. The company’s fifty day moving average is $67.66 and its 200 day moving average is $79.90. ePlus inc. has a 52 week low of $55.39 and a 52 week high of $106.98.

ePlus (NASDAQ:PLUS) last released its quarterly earnings data on Wednesday, February 5th. The software maker reported $0.91 EPS for the quarter, missing the consensus estimate of $1.28 by ($0.37). ePlus had a return on equity of 11.23% and a net margin of 4.93%. Research analysts anticipate that ePlus inc. will post 3.78 earnings per share for the current year.

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.