Squarepoint Ops LLC Has $3.31 Million Stock Holdings in ePlus inc. (NASDAQ:PLUS)

Squarepoint Ops LLC increased its position in ePlus inc. (NASDAQ:PLUS) by 232.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 44,929 shares of the software maker’s stock after buying an additional 31,395 shares during the quarter. Squarepoint Ops LLC owned 0.17% of ePlus worth $3,310,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Franklin Resources Inc. increased its position in ePlus by 2.4% in the 4th quarter. Franklin Resources Inc. now owns 15,418 shares of the software maker’s stock valued at $1,231,000 after acquiring an additional 362 shares during the period. Campbell & CO Investment Adviser LLC increased its holdings in ePlus by 134.6% in the fourth quarter. Campbell & CO Investment Adviser LLC now owns 8,269 shares of the software maker’s stock valued at $660,000 after purchasing an additional 4,744 shares during the period. Argent Capital Management LLC lifted its holdings in ePlus by 8.6% during the 4th quarter. Argent Capital Management LLC now owns 9,188 shares of the software maker’s stock worth $734,000 after buying an additional 724 shares during the period. Gobi Capital LLC bought a new stake in shares of ePlus in the 4th quarter valued at about $49,190,000. Finally, Vanguard Group Inc. grew its position in shares of ePlus by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 2,403,588 shares of the software maker’s stock valued at $191,902,000 after buying an additional 27,582 shares during the last quarter. Institutional investors own 93.80% of the company’s stock.

Insider Buying and Selling at ePlus

In other news, CFO Elaine D. Marion sold 5,000 shares of ePlus stock in a transaction on Monday, September 16th. The shares were sold at an average price of $92.19, for a total value of $460,950.00. Following the completion of the sale, the chief financial officer now owns 64,442 shares in the company, valued at approximately $5,940,907.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.41% of the company’s stock.

ePlus Price Performance

Shares of NASDAQ PLUS opened at $95.38 on Wednesday. The company has a quick ratio of 1.87, a current ratio of 2.01 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $2.57 billion, a PE ratio of 22.03, a P/E/G ratio of 2.11 and a beta of 1.11. The firm has a fifty day simple moving average of $91.39 and a 200 day simple moving average of $81.84. ePlus inc. has a twelve month low of $53.53 and a twelve month high of $102.32.

ePlus (NASDAQ:PLUS) last announced its quarterly earnings data on Tuesday, August 6th. The software maker reported $1.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.03). ePlus had a net margin of 4.98% and a return on equity of 12.32%. The business had revenue of $544.54 million during the quarter, compared to analyst estimates of $555.23 million. On average, sell-side analysts forecast that ePlus inc. will post 4.67 EPS for the current year.

Analyst Ratings Changes

Separately, StockNews.com lowered ePlus from a “buy” rating to a “hold” rating in a research note on Wednesday.

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 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.