Andra AP fonden Has $332,000 Stake in ePlus inc. $PLUS

Andra AP fonden lowered its holdings in shares of ePlus inc. (NASDAQ:PLUS) by 60.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,600 shares of the software maker’s stock after selling 6,965 shares during the period. Andra AP fonden’s holdings in ePlus were worth $332,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Quaker Wealth Management LLC lifted its holdings in shares of ePlus by 200.0% during the 2nd quarter. Quaker Wealth Management LLC now owns 525 shares of the software maker’s stock worth $38,000 after acquiring an additional 1,050 shares during the period. Quarry LP raised its position in ePlus by 33.6% in the first quarter. Quarry LP now owns 632 shares of the software maker’s stock worth $39,000 after purchasing an additional 159 shares in the last quarter. Advisors Asset Management Inc. lifted its stake in ePlus by 34.1% during the first quarter. Advisors Asset Management Inc. now owns 1,503 shares of the software maker’s stock worth $92,000 after purchasing an additional 382 shares during the period. Nisa Investment Advisors LLC lifted its stake in ePlus by 19.6% during the second quarter. Nisa Investment Advisors LLC now owns 1,282 shares of the software maker’s stock worth $92,000 after purchasing an additional 210 shares during the period. Finally, Jones Financial Companies Lllp boosted its holdings in ePlus by 628.3% during the first quarter. Jones Financial Companies Lllp now owns 3,066 shares of the software maker’s stock valued at $187,000 after purchasing an additional 2,645 shares in the last quarter. Institutional investors own 93.80% of the company’s stock.

ePlus Trading Up 15.7%

Shares of PLUS stock opened at $84.88 on Friday. ePlus inc. has a 1 year low of $53.83 and a 1 year high of $100.89. The firm’s 50 day moving average is $72.97 and its 200-day moving average is $70.26. The firm has a market capitalization of $2.26 billion, a price-to-earnings ratio of 19.03, a PEG ratio of 2.18 and a beta of 1.14.

ePlus (NASDAQ:PLUS) last issued its quarterly earnings results on Thursday, November 6th. The software maker reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.58. ePlus had a net margin of 5.47% and a return on equity of 11.03%. The business had revenue of $608.83 million during the quarter, compared to analyst estimates of $518.30 million. On average, equities research analysts forecast that ePlus inc. will post 3.78 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on PLUS. Wall Street Zen raised ePlus from a “hold” rating to a “buy” rating in a report on Sunday, September 21st. Zacks Research upgraded ePlus from a “strong sell” rating to a “hold” rating in a research note on Monday, August 25th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of ePlus in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, ePlus currently has an average rating of “Hold”.

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.