Point72 Asia Singapore Pte. Ltd. Takes Position in ePlus inc. (NASDAQ:PLUS)

Point72 Asia Singapore Pte. Ltd. purchased a new position in ePlus inc. (NASDAQ:PLUS) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 2,378 shares of the software maker’s stock, valued at approximately $175,000.

Several other large investors also recently modified their holdings of PLUS. Gobi Capital LLC purchased a new position in ePlus in the fourth quarter worth about $49,190,000. American Century Companies Inc. lifted its stake in shares of ePlus by 75.5% in the 2nd quarter. American Century Companies Inc. now owns 487,069 shares of the software maker’s stock worth $35,887,000 after purchasing an additional 209,511 shares during the period. Swedbank AB purchased a new position in shares of ePlus in the first quarter worth approximately $15,315,000. Cubist Systematic Strategies LLC bought a new stake in ePlus during the second quarter valued at approximately $4,740,000. Finally, LSV Asset Management increased its holdings in ePlus by 194.5% during the second quarter. LSV Asset Management now owns 47,600 shares of the software maker’s stock valued at $3,507,000 after buying an additional 31,435 shares during the last quarter. Institutional investors own 93.80% of the company’s stock.

ePlus Stock Up 0.8 %

PLUS stock opened at $98.82 on Friday. The business’s 50-day moving average price is $90.82 and its 200-day moving average price is $81.59. The stock has a market cap of $2.66 billion, a P/E ratio of 22.82, a PEG ratio of 2.11 and a beta of 1.11. The company has a quick ratio of 1.87, a current ratio of 2.01 and a debt-to-equity ratio of 0.01. ePlus inc. has a twelve month low of $53.53 and a twelve month high of $102.32.

ePlus (NASDAQ:PLUS) last issued its quarterly earnings results on Tuesday, August 6th. The software maker reported $1.02 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.03). The firm had revenue of $544.54 million for the quarter, compared to analysts’ expectations of $555.23 million. ePlus had a net margin of 4.98% and a return on equity of 12.32%. On average, equities research analysts forecast that ePlus inc. will post 4.67 EPS for the current year.

Insider Buying and Selling

In other ePlus news, CFO Elaine D. Marion sold 5,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $92.19, for a total transaction of $460,950.00. Following the sale, the chief financial officer now directly owns 64,442 shares of the company’s stock, valued at $5,940,907.98. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.41% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of ePlus from a “hold” rating to a “buy” rating in a research report on Tuesday.

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 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.