Nisa Investment Advisors LLC Raises Stock Position in ePlus inc. (NASDAQ:PLUS)

Nisa Investment Advisors LLC boosted its position in shares of ePlus inc. (NASDAQ:PLUS) by 74.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,273 shares of the software maker’s stock after acquiring an additional 1,400 shares during the period. Nisa Investment Advisors LLC’s holdings in ePlus were worth $261,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of PLUS. Exchange Traded Concepts LLC purchased a new position in ePlus during the third quarter valued at approximately $27,000. Advisors Asset Management Inc. purchased a new position in ePlus during the third quarter valued at approximately $28,000. Operose Advisors LLC purchased a new position in ePlus during the third quarter valued at approximately $33,000. Point72 Middle East FZE purchased a new position in ePlus during the fourth quarter valued at approximately $35,000. Finally, Point72 Hong Kong Ltd grew its stake in ePlus by 862.6% during the second quarter. Point72 Hong Kong Ltd now owns 953 shares of the software maker’s stock valued at $51,000 after acquiring an additional 854 shares in the last quarter. Hedge funds and other institutional investors own 93.80% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on PLUS. Stifel Nicolaus lifted their target price on shares of ePlus from $70.00 to $80.00 and gave the company a “hold” rating in a research report on Monday. Sidoti lowered shares of ePlus from a “buy” rating to a “neutral” rating and set a $83.00 target price for the company. in a research report on Monday, January 8th.

ePlus Trading Down 0.2 %

Shares of ePlus stock opened at $75.28 on Friday. ePlus inc. has a 1 year low of $41.71 and a 1 year high of $83.57. The firm has a market cap of $2.03 billion, a PE ratio of 15.88 and a beta of 1.18. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.93 and a quick ratio of 1.59. The company has a 50 day simple moving average of $78.34 and a two-hundred day simple moving average of $72.85.

ePlus (NASDAQ:PLUS) last announced its earnings results on Tuesday, February 6th. The software maker reported $1.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.24 by ($0.22). The company had revenue of $509.06 million for the quarter, compared to the consensus estimate of $598.25 million. ePlus had a net margin of 5.86% and a return on equity of 15.26%. Analysts expect that ePlus inc. will post 4.59 earnings per share for the current fiscal year.

Insider Transactions at ePlus

In other news, Director John E. Callies sold 1,308 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $79.17, for a total value of $103,554.36. Following the completion of the sale, the director now directly owns 20,493 shares in the company, valued at approximately $1,622,430.81. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 2.41% of the company’s stock.

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 in two segments, Technology and Financing. The Technology segment offers hardware, perpetual and subscription software, maintenance, software assurance, and internally provided and outsourced services; and professional and managed services, including managed, professional, security solutions, cloud consulting and hosting, staff augmentation, storage-as-a-service, server and desktop support, and project management services.