1 week Ago By ABMN Staff
Foundry Partners LLC acquired a new stake in ePlus inc. ( NASDAQ:PLUS – Free Report ) during the second quarter, HoldingsChannel reports. The firm acquired 7,324 shares of the software maker’s stock, valued at approximately $540,000.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Charles Schwab Investment Management Inc. increased its position in ePlus by 2.
4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 383,864 shares of the software maker’s stock valued at $30,648,000 after acquiring an additional 9,162 shares during the period.
Principal Securities Inc. acquired a new position in shares of ePlus in the fourth quarter valued at approximately $40,000. Vanguard Personalized Indexing Management LLC purchased a new stake in shares of ePlus during the fourth quarter worth approximately $216,000.
Franklin Resources Inc. lifted its holdings in shares of ePlus by 2.4% during the fourth quarter.
Franklin Resources Inc. now owns 15,418 shares of the software maker’s stock worth $1,231,000 after purchasing an additional 362 shares during the period. Finally, Oliver Luxxe Assets LLC grew its position in ePlus by 54.
6% in the 4th quarter. Oliver Luxxe Assets LLC now owns 17,964 shares of the software maker’s stock valued at $1,434,000 after buying an additional 6,346 shares during the last quarter. 93.
80% of the stock is owned by hedge funds and other institutional investors. Analyst Ratings Changes Several research firms have recently commented on PLUS. StockNews.
com cut shares of ePlus from a “buy” rating to a “hold” rating in a research note on Friday, August 16th. Stifel Nicolaus raised their price objective on shares of ePlus from $80.00 to $90.
00 and gave the company a “hold” rating in a research report on Thursday, May 23rd. ePlus Trading Down 1.7 % Shares of PLUS stock opened at $88.
18 on Friday. The business’s fifty day moving average price is $85.69 and its 200 day moving average price is $80.
23. The firm has a market capitalization of $2.38 billion, a PE ratio of 20.
36, a P/E/G ratio of 2.05 and a beta of 1.11.
The company has a debt-to-equity ratio of 0.01, a current ratio of 2.01 and a quick ratio of 1.
87. ePlus inc. has a 1-year low of $53.
53 and a 1-year high of $96.81. ePlus ( NASDAQ:PLUS – Get Free Report ) last issued its earnings results on Tuesday, August 6th.
The software maker reported $1.02 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.
03). The company had revenue of $544.54 million for the quarter, compared to analysts’ expectations of $555.
23 million. ePlus had a return on equity of 12.32% and a net margin of 4.
98%. As a group, sell-side analysts forecast that ePlus inc. will post 4.
67 EPS for the current fiscal year. Insider Buying and Selling In other ePlus news, CFO Elaine D. Marion sold 5,000 shares of the stock in a transaction dated Monday, June 17th.
The shares were sold at an average price of $73.45, for a total value of $367,250.00.
Following the completion of the transaction, the chief financial officer now directly owns 53,996 shares of the company’s stock, valued at $3,966,006.20. The sale was disclosed in a filing with the SEC, which is available at this link .
2.41% of the stock is owned by insiders. About ePlus ( Free Report ) 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.
Recommended Stories Want to see what other hedge funds are holding PLUS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ePlus inc. ( NASDAQ:PLUS – Free Report ).
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