ePlus inc. (NASDAQ:PLUS) Shares Bought by Credit Suisse AG

Credit Suisse AG lifted its holdings in shares of ePlus inc. (NASDAQ:PLUS) by 5.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 32,489 shares of the software maker’s stock after buying an additional 1,722 shares during the period. Credit Suisse AG owned approximately 0.12% of ePlus worth $1,593,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in PLUS. Dimensional Fund Advisors LP lifted its position in ePlus by 4.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,485,138 shares of the software maker’s stock worth $65,761,000 after acquiring an additional 56,842 shares during the period. SummerHaven Investment Management LLC increased its stake in ePlus by 2.3% in the 1st quarter. SummerHaven Investment Management LLC now owns 15,542 shares of the software maker’s stock valued at $762,000 after buying an additional 345 shares during the period. PNC Financial Services Group Inc. raised its position in ePlus by 42.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 6,019 shares of the software maker’s stock worth $267,000 after buying an additional 1,789 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of ePlus by 2.9% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,669 shares of the software maker’s stock worth $572,000 after acquiring an additional 329 shares during the period. Finally, Cornercap Investment Counsel Inc. purchased a new stake in shares of ePlus in the fourth quarter valued at about $769,000. Hedge funds and other institutional investors own 92.94% of the company’s stock.

Insider Transactions at ePlus

In other ePlus news, COO Darren S. Raiguel sold 8,311 shares of the stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $67.40, for a total transaction of $560,161.40. Following the transaction, the chief operating officer now owns 48,123 shares of the company’s stock, valued at $3,243,490.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, COO Darren S. Raiguel sold 8,311 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $67.40, for a total value of $560,161.40. Following the transaction, the chief operating officer now directly owns 48,123 shares in the company, valued at approximately $3,243,490.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Darren S. Raiguel sold 4,000 shares of ePlus stock in a transaction dated Wednesday, July 19th. The shares were sold at an average price of $60.00, for a total value of $240,000.00. Following the completion of the transaction, the chief operating officer now directly owns 56,434 shares in the company, valued at $3,386,040. The disclosure for this sale can be found here. Insiders have sold a total of 32,911 shares of company stock worth $2,156,859 in the last three months. Company insiders own 2.41% of the company’s stock.

ePlus Trading Down 1.1 %

ePlus stock opened at $65.79 on Wednesday. The stock has a market cap of $1.77 billion, a PE ratio of 13.40 and a beta of 1.23. The company has a current ratio of 1.59, a quick ratio of 1.29 and a debt-to-equity ratio of 0.01. The stock has a 50-day moving average price of $60.70 and a 200 day moving average price of $53.59. ePlus inc. has a 52 week low of $40.37 and a 52 week high of $75.90.

ePlus (NASDAQ:PLUS) last posted its quarterly earnings data on Monday, August 7th. The software maker reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.42. The business had revenue of $574.18 million during the quarter, compared to analyst estimates of $487.55 million. ePlus had a net margin of 5.99% and a return on equity of 17.18%. Equities research analysts predict that ePlus inc. will post 4.77 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

PLUS has been the subject of a number of analyst reports. Stifel Nicolaus increased their target price on ePlus from $55.00 to $65.00 in a research note on Tuesday, August 8th. StockNews.com began coverage on ePlus in a research report on Thursday, August 17th. They set a “hold” rating for the company.

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.