Caprock Group LLC Invests $219,000 in ePlus inc. (NASDAQ:PLUS)

Caprock Group LLC bought a new position in shares of ePlus inc. (NASDAQ:PLUSFree Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,738 shares of the software maker’s stock, valued at approximately $219,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Lazard Asset Management LLC increased its stake in shares of ePlus by 832.2% during the third quarter. Lazard Asset Management LLC now owns 14,412 shares of the software maker’s stock worth $915,000 after purchasing an additional 12,866 shares in the last quarter. FMR LLC boosted its position in ePlus by 4,840.2% during the third quarter. FMR LLC now owns 286,975 shares of the software maker’s stock worth $18,229,000 after acquiring an additional 281,166 shares during the last quarter. SG Americas Securities LLC acquired a new position in ePlus during the third quarter worth about $1,074,000. Dark Forest Capital Management LP boosted its position in ePlus by 33.5% during the third quarter. Dark Forest Capital Management LP now owns 8,424 shares of the software maker’s stock worth $535,000 after acquiring an additional 2,113 shares during the last quarter. Finally, Aviva PLC acquired a new position in ePlus during the third quarter worth about $590,000. Hedge funds and other institutional investors own 93.80% of the company’s stock.

ePlus Stock Performance

PLUS opened at $76.16 on Wednesday. The company has a current ratio of 1.93, a quick ratio of 1.59 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $2.05 billion, a PE ratio of 16.07 and a beta of 1.18. The firm’s 50-day moving average price is $78.18 and its 200 day moving average price is $71.83. ePlus inc. has a twelve month low of $41.71 and a twelve month high of $83.57.

ePlus (NASDAQ:PLUSGet Free Report) last posted its earnings results on Tuesday, February 6th. The software maker reported $1.02 earnings per share for the quarter, missing the consensus estimate of $1.24 by ($0.22). The firm had revenue of $509.06 million during the quarter, compared to analyst estimates of $598.25 million. ePlus had a net margin of 5.86% and a return on equity of 15.26%. As a group, sell-side analysts expect that ePlus inc. will post 4.59 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Sidoti lowered shares of ePlus from a “buy” rating to a “neutral” rating and set a $83.00 price target on the stock. in a research report on Monday, January 8th. Stifel Nicolaus lowered their price target on shares of ePlus from $75.00 to $70.00 and set a “hold” rating on the stock in a research report on Wednesday, February 7th.

Check Out Our Latest Report on ePlus

Insider Buying and Selling at ePlus

In other ePlus news, Director John E. Callies sold 1,308 shares of the business’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $79.17, for a total value of $103,554.36. Following the transaction, the director now directly owns 20,493 shares in the company, valued at approximately $1,622,430.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.41% of the stock is currently owned by company insiders.

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 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.

See Also

Institutional Ownership by Quarter for ePlus (NASDAQ:PLUS)

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