California Public Employees Retirement System lessened its holdings in ePlus Inc. (NASDAQ:PLUS) by 2.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 66,661 shares of the software maker’s stock after selling 1,343 shares during the period. California Public Employees Retirement System owned about 0.47% of ePlus worth $5,013,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of PLUS. State Street Corp increased its stake in ePlus by 113.9% in the 2nd quarter. State Street Corp now owns 325,711 shares of the software maker’s stock valued at $24,135,000 after buying an additional 173,422 shares during the last quarter. Atlanta Capital Management Co. L L C purchased a new stake in ePlus in the 3rd quarter valued at about $10,529,000. Mackenzie Financial Corp purchased a new stake in ePlus in the 3rd quarter valued at about $1,438,000. EAM Investors LLC increased its stake in ePlus by 78.1% in the 3rd quarter. EAM Investors LLC now owns 33,324 shares of the software maker’s stock valued at $3,081,000 after buying an additional 14,610 shares during the last quarter. Finally, OxFORD Asset Management LLP increased its stake in ePlus by 94.1% in the 3rd quarter. OxFORD Asset Management LLP now owns 27,841 shares of the software maker’s stock valued at $2,586,000 after buying an additional 13,497 shares during the last quarter. Hedge funds and other institutional investors own 91.32% of the company’s stock.
PLUS has been the subject of several analyst reports. Zacks Investment Research upgraded shares of ePlus from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 4th. BidaskClub upgraded shares of ePlus from a “sell” rating to a “hold” rating in a research note on Tuesday, January 16th. Finally, Sidoti upgraded shares of ePlus from a “neutral” rating to a “buy” rating in a research note on Friday, February 9th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $78.00.
Shares of ePlus Inc. (PLUS) opened at $80.65 on Tuesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.44 and a current ratio of 1.59. ePlus Inc. has a one year low of $63.76 and a one year high of $97.75. The stock has a market cap of $1,136.81, a P/E ratio of 19.91 and a beta of 1.15.
ePlus (NASDAQ:PLUS) last issued its quarterly earnings results on Wednesday, February 7th. The software maker reported $0.97 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.84 by $0.13. ePlus had a net margin of 4.01% and a return on equity of 15.06%. The company had revenue of $342.57 million during the quarter, compared to analyst estimates of $344.25 million. research analysts expect that ePlus Inc. will post 4.09 earnings per share for the current year.
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ePlus inc. is a holding company. The Company is engaged in the business of selling, leasing, financing and managing information technology. It operates through two segments: technology and financing. The technology segment sells information technology (IT) hardware products, third-party software and maintenance contracts, its own and third-party professional and managed services, and its software.
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