6 days Ago By ABMN Staff
Geode Capital Management LLC cut its holdings in shares of ePlus inc. ( NASDAQ:PLUS – Free Report ) by 13.7% during the 4th quarter, Holdings Channel.
com reports. The firm owned 631,657 shares of the software maker’s stock after selling 100,252 shares during the quarter. Geode Capital Management LLC’s holdings in ePlus were worth $46,678,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. State Street Corp grew its position in shares of ePlus by 0.6% during the third quarter.
State Street Corp now owns 1,021,341 shares of the software maker’s stock worth $100,439,000 after buying an additional 6,241 shares in the last quarter. American Century Companies Inc. grew its holdings in ePlus by 18.
2% during the 4th quarter. American Century Companies Inc. now owns 790,332 shares of the software maker’s stock worth $58,390,000 after acquiring an additional 121,945 shares in the last quarter.
Swedbank AB bought a new stake in shares of ePlus in the 4th quarter worth about $11,082,000. Principal Financial Group Inc. raised its stake in shares of ePlus by 3.
3% in the 4th quarter. Principal Financial Group Inc. now owns 137,452 shares of the software maker’s stock valued at $10,155,000 after purchasing an additional 4,425 shares in the last quarter.
Finally, JPMorgan Chase & Co. lifted its position in shares of ePlus by 126.6% during the fourth quarter.
JPMorgan Chase & Co. now owns 124,251 shares of the software maker’s stock worth $9,180,000 after purchasing an additional 69,410 shares during the last quarter. 93.
80% of the stock is owned by institutional investors and hedge funds. Wall Street Analysts Forecast Growth Separately, StockNews.com raised ePlus from a “hold” rating to a “buy” rating in a report on Tuesday, April 8th.
ePlus Stock Performance PLUS stock opened at $58.20 on Tuesday. The firm has a market cap of $1.
55 billion, a P/E ratio of 14.85, a P/E/G ratio of 1.83 and a beta of 1.
12. The stock’s 50 day simple moving average is $64.12 and its 200 day simple moving average is $77.
51. The company has a current ratio of 1.83, a quick ratio of 1.
69 and a debt-to-equity ratio of 0.01. ePlus inc.
has a 12-month low of $53.83 and a 12-month high of $106.98.
ePlus ( NASDAQ:PLUS – Get Free Report ) last posted its quarterly earnings results on Wednesday, February 5th. The software maker reported $0.91 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.
28 by ($0.37). ePlus had a return on equity of 11.
23% and a net margin of 4.93%. As a group, equities research analysts predict that ePlus inc.
will post 3.78 EPS for the current year. ePlus Company Profile ( 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 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.
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