ePlus inc. (NASDAQ:PLUS) Stake Raised by New York State Common Retirement Fund

New York State Common Retirement Fund raised its holdings in shares of ePlus inc. (NASDAQ:PLUS) by 0.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 93,711 shares of the software maker’s stock after acquiring an additional 600 shares during the quarter. New York State Common Retirement Fund owned approximately 0.35% of ePlus worth $6,923,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Creative Planning purchased a new position in ePlus during the third quarter valued at approximately $280,000. Assetmark Inc. boosted its stake in shares of ePlus by 3.8% during the 3rd quarter. Assetmark Inc. now owns 18,943 shares of the software maker’s stock valued at $1,863,000 after buying an additional 699 shares during the period. Atria Investments Inc acquired a new stake in shares of ePlus during the 3rd quarter valued at $202,000. WCM Investment Management LLC grew its holdings in shares of ePlus by 3.3% during the 3rd quarter. WCM Investment Management LLC now owns 479,731 shares of the software maker’s stock valued at $47,407,000 after acquiring an additional 15,294 shares in the last quarter. Finally, Entropy Technologies LP acquired a new position in shares of ePlus in the third quarter worth $335,000. Hedge funds and other institutional investors own 93.80% of the company’s stock.

ePlus Trading Down 0.9 %

NASDAQ:PLUS opened at $66.11 on Thursday. The company has a market capitalization of $1.76 billion, a P/E ratio of 16.86, a P/E/G ratio of 1.83 and a beta of 1.10. The stock’s 50 day moving average price is $74.68 and its 200 day moving average price is $85.11. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.69 and a current ratio of 1.83. ePlus inc. has a 52 week low of $65.46 and a 52 week high of $106.98.

ePlus (NASDAQ:PLUS) last posted its earnings results 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%. On average, research analysts forecast that ePlus inc. will post 3.78 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com downgraded ePlus from a “buy” rating to a “hold” rating in a research note on Saturday, February 22nd.

About ePlus

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.