Mirae Asset Global Investments Co. Ltd. Purchases 454 Shares of ePlus inc. (NASDAQ:PLUS)

Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of ePlus inc. (NASDAQ:PLUS) by 3.9% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 12,123 shares of the software maker’s stock after buying an additional 454 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in ePlus were worth $968,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Lazard Asset Management LLC boosted its position in shares of ePlus by 832.2% during the 3rd quarter. Lazard Asset Management LLC now owns 14,412 shares of the software maker’s stock valued at $915,000 after acquiring an additional 12,866 shares during the last quarter. FMR LLC lifted 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 valued at $18,229,000 after purchasing an additional 281,166 shares during the last quarter. SG Americas Securities LLC purchased a new position in ePlus in the 3rd quarter worth approximately $1,074,000. Dark Forest Capital Management LP increased its holdings in shares of ePlus by 33.5% in the 3rd quarter. Dark Forest Capital Management LP now owns 8,424 shares of the software maker’s stock worth $535,000 after buying an additional 2,113 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in shares of ePlus by 1.4% during the 3rd quarter. Vanguard Group Inc. now owns 2,376,006 shares of the software maker’s stock valued at $150,924,000 after buying an additional 32,353 shares in the last quarter. 93.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on PLUS shares. Sidoti cut ePlus from a “buy” rating to a “neutral” rating and set a $83.00 target price on the stock. in a research note on Monday, January 8th. Stifel Nicolaus increased their price objective on ePlus from $70.00 to $80.00 and gave the company a “hold” rating in a research report on Monday, April 15th.

ePlus Trading Up 3.3 %

PLUS stock opened at $80.11 on Wednesday. ePlus inc. has a one year low of $41.71 and a one year high of $83.57. The company has a market capitalization of $2.16 billion, a PE ratio of 16.90 and a beta of 1.18. The company’s 50 day moving average price is $78.49 and its two-hundred day moving average price is $73.26. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.59 and a current ratio of 1.93.

ePlus (NASDAQ:PLUS) last issued its earnings results 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 business had revenue of $509.06 million during the quarter, compared to analysts’ expectations of $598.25 million. ePlus had a return on equity of 15.26% and a net margin of 5.86%. As a group, analysts predict that ePlus inc. will post 4.59 earnings per share for the current fiscal year.

Insider Transactions at ePlus

In other ePlus news, Director John E. Callies sold 1,308 shares of the stock in a transaction on Tuesday, February 20th. The shares were 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 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 available at this link. Company insiders own 2.41% of the company’s stock.

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.