Principal Financial Group Inc. Grows Stock Position in ePlus inc. (NASDAQ:PLUS)

Principal Financial Group Inc. boosted its stake in shares of ePlus inc. (NASDAQ:PLUS) by 1.7% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 139,844 shares of the software maker’s stock after buying an additional 2,392 shares during the period. Principal Financial Group Inc. owned approximately 0.53% of ePlus worth $8,535,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of PLUS. Jones Financial Companies Lllp raised its holdings in ePlus by 256.8% during the 4th 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 period. Quarry LP raised its holdings in ePlus by 1,000.0% during the 4th 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 period. Versant Capital Management Inc raised its holdings in ePlus by 377.9% during the 1st quarter. Versant Capital Management Inc now owns 712 shares of the software maker’s stock valued at $43,000 after buying an additional 563 shares during the period. Johnson Financial Group Inc. purchased a new stake in ePlus during the 4th quarter valued at $60,000. Finally, Meeder Asset Management Inc. purchased a new stake in ePlus during the 4th quarter valued at $61,000. Hedge funds and other institutional investors own 93.80% of the company’s stock.

ePlus Stock Performance

PLUS stock opened at $69.93 on Tuesday. The company has a quick ratio of 1.56, a current ratio of 1.71 and a debt-to-equity ratio of 0.01. The business’s fifty day simple moving average is $69.69 and its two-hundred day simple moving average is $68.47. ePlus inc. has a twelve month low of $53.83 and a twelve month high of $106.98. The firm has a market cap of $1.86 billion, a price-to-earnings ratio of 17.27, a PEG ratio of 1.77 and a beta of 1.14.

ePlus (NASDAQ:PLUS) last released its earnings results on Thursday, May 22nd. The software maker reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.08. ePlus had a return on equity of 11.34% and a net margin of 5.22%. The business had revenue of $498.11 million for the quarter, compared to analyst estimates of $523.85 million. Analysts predict that ePlus inc. will post 3.78 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered ePlus from a “buy” rating to a “hold” rating in a report on Friday, June 27th.

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.