New York State Teachers Retirement System Has $1.01 Million Stock Holdings in ePlus inc. (NASDAQ:PLUS)

New York State Teachers Retirement System grew its holdings in ePlus inc. (NASDAQ:PLUS) by 26.3% during the fourth quarter, Holdings Channel reports. The firm owned 12,624 shares of the software maker’s stock after acquiring an additional 2,625 shares during the quarter. New York State Teachers Retirement System’s holdings in ePlus were worth $1,008,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Exchange Traded Concepts LLC acquired a new position in shares of ePlus in the 3rd quarter valued at about $27,000. Advisors Asset Management Inc. acquired a new position in shares of ePlus in the 3rd quarter valued at about $28,000. Operose Advisors LLC acquired a new position in ePlus during the 3rd quarter worth approximately $33,000. Point72 Middle East FZE acquired a new position in ePlus during the 4th quarter worth approximately $35,000. Finally, Point72 Hong Kong Ltd raised its stake in ePlus by 862.6% during the 2nd quarter. Point72 Hong Kong Ltd now owns 953 shares of the software maker’s stock worth $51,000 after buying an additional 854 shares during the period. 93.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PLUS has been the topic of a number of research reports. Sidoti downgraded ePlus from a “buy” rating to a “neutral” rating and set a $83.00 price target on the stock. in a research note on Monday, January 8th. Stifel Nicolaus upped their price target on ePlus from $70.00 to $80.00 and gave the stock a “hold” rating in a research note on Monday.

ePlus Stock Performance

Shares of PLUS opened at $75.28 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.59 and a current ratio of 1.93. The stock has a 50 day moving average price of $78.34 and a two-hundred day moving average price of $72.85. The firm has a market capitalization of $2.03 billion, a P/E ratio of 15.88 and a beta of 1.18. ePlus inc. has a 52 week low of $41.71 and a 52 week high of $83.57.

ePlus (NASDAQ:PLUS) last issued its quarterly earnings data on Tuesday, February 6th. The software maker reported $1.02 EPS for the quarter, missing analysts’ consensus estimates 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 return on equity of 15.26% and a net margin of 5.86%. Equities analysts forecast that ePlus inc. will post 4.59 earnings per share for the current fiscal year.

Insiders Place Their Bets

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

ePlus Profile

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.