ePlus inc. (NASDAQ:PLUS) Stock Holdings Lifted by Cwm LLC

Cwm LLC increased its position in shares of ePlus inc. (NASDAQ:PLUS) by 170.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,602 shares of the software maker’s stock after acquiring an additional 1,009 shares during the quarter. Cwm LLC’s holdings in ePlus were worth $158,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Capstone Investment Advisors LLC acquired a new stake in ePlus during the 1st quarter valued at $1,903,000. LSV Asset Management grew its holdings in shares of ePlus by 349.0% during the first quarter. LSV Asset Management now owns 16,165 shares of the software maker’s stock valued at $1,270,000 after buying an additional 12,565 shares in the last quarter. BNP Paribas Financial Markets raised its position in ePlus by 100.6% during the first quarter. BNP Paribas Financial Markets now owns 40,552 shares of the software maker’s stock valued at $3,185,000 after buying an additional 20,340 shares during the period. Janus Henderson Group PLC lifted its stake in ePlus by 68.0% in the 1st quarter. Janus Henderson Group PLC now owns 64,597 shares of the software maker’s stock worth $5,073,000 after acquiring an additional 26,143 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in ePlus by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 2,403,588 shares of the software maker’s stock worth $191,902,000 after acquiring an additional 27,582 shares during the period. Hedge funds and other institutional investors own 93.80% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of ePlus from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd.

ePlus Trading Up 0.6 %

Shares of NASDAQ:PLUS opened at $97.59 on Thursday. ePlus inc. has a 12-month low of $53.53 and a 12-month high of $102.99. 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 firm has a market capitalization of $2.63 billion, a P/E ratio of 22.54, a price-to-earnings-growth ratio of 2.13 and a beta of 1.11. The firm has a fifty day moving average of $95.22 and a two-hundred day moving average of $84.31.

ePlus (NASDAQ:PLUS) last issued its earnings results on Tuesday, August 6th. The software maker reported $1.02 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. On average, equities analysts expect that ePlus inc. will post 4.67 EPS for the current fiscal year.

Insider Activity at ePlus

In related news, CFO Elaine D. Marion sold 5,000 shares of the firm’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 transaction, the chief financial officer now owns 64,442 shares of the company’s stock, valued at approximately $5,940,907.98. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.41% of the stock is currently owned by company insiders.

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.