ePlus inc. (NASDAQ:PLUS) Shares Acquired by Millennium Management LLC

Millennium Management LLC lifted its position in ePlus inc. (NASDAQ:PLUS) by 83.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 111,499 shares of the software maker’s stock after acquiring an additional 50,732 shares during the period. Millennium Management LLC owned 0.42% of ePlus worth $8,238,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC grew its stake in ePlus by 91.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 342 shares of the software maker’s stock valued at $25,000 after purchasing an additional 163 shares during the last quarter. Jones Financial Companies Lllp boosted its position in ePlus by 256.8% in the fourth quarter. Jones Financial Companies Lllp now owns 421 shares of the software maker’s stock valued at $31,000 after buying an additional 303 shares during the last quarter. Quarry LP boosted its position in ePlus by 1,000.0% in the fourth quarter. Quarry LP now owns 473 shares of the software maker’s stock valued at $35,000 after buying an additional 430 shares during the last quarter. Johnson Financial Group Inc. acquired a new position in ePlus in the 4th quarter worth approximately $60,000. Finally, Meeder Asset Management Inc. purchased a new position in ePlus during the 4th quarter worth approximately $61,000. Hedge funds and other institutional investors own 93.80% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of ePlus from a “hold” rating to a “buy” rating in a report on Saturday.

ePlus Trading Up 1.9%

NASDAQ PLUS opened at $66.97 on Monday. ePlus inc. has a 1 year low of $53.83 and a 1 year high of $106.98. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.83 and a quick ratio of 1.69. The company has a market capitalization of $1.78 billion, a PE ratio of 17.08, a P/E/G ratio of 1.83 and a beta of 1.12. The company has a fifty day moving average of $62.19 and a 200 day moving average of $70.72.

ePlus (NASDAQ:PLUS) last released its quarterly earnings data on Thursday, May 22nd. The software maker reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.08. ePlus had a return on equity of 11.23% and a net margin of 4.93%. The business had revenue of $498.11 million during the quarter, compared to analyst estimates of $523.85 million. Research analysts forecast that ePlus inc. will post 3.78 earnings per share for the current year.

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.