Landscape Capital Management L.L.C. purchased a new position in ePlus Inc. (NASDAQ:PLUS) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 3,169 shares of the software maker’s stock, valued at approximately $238,000.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Geode Capital Management LLC grew its position in ePlus by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 120,718 shares of the software maker’s stock worth $9,077,000 after purchasing an additional 1,577 shares during the last quarter. Atlanta Capital Management Co. L L C grew its position in ePlus by 117.3% in the 4th quarter. Atlanta Capital Management Co. L L C now owns 247,459 shares of the software maker’s stock worth $18,609,000 after purchasing an additional 133,575 shares during the last quarter. Citadel Advisors LLC grew its position in ePlus by 31.5% in the 4th quarter. Citadel Advisors LLC now owns 4,612 shares of the software maker’s stock worth $347,000 after purchasing an additional 1,105 shares during the last quarter. BlackRock Inc. grew its position in ePlus by 2.7% in the 4th quarter. BlackRock Inc. now owns 1,726,060 shares of the software maker’s stock worth $129,800,000 after purchasing an additional 45,711 shares during the last quarter. Finally, Rhumbline Advisers grew its position in ePlus by 18.5% in the 4th quarter. Rhumbline Advisers now owns 31,031 shares of the software maker’s stock worth $2,334,000 after purchasing an additional 4,847 shares during the last quarter. Institutional investors own 91.32% of the company’s stock.
Several analysts have issued reports on PLUS shares. BidaskClub lowered shares of ePlus from a “buy” rating to a “hold” rating in a research report on Saturday, December 9th. Zacks Investment Research upgraded shares of ePlus from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 4th. Finally, Sidoti upgraded shares of ePlus from a “neutral” rating to a “buy” rating in a research report on Friday, February 9th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. ePlus currently has an average rating of “Hold” and a consensus target price of $78.00.
In other news, CEO Mark P. Marron sold 17,973 shares of the firm’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $75.29, for a total transaction of $1,353,187.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lawrence S. Herman sold 500 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $74.47, for a total transaction of $37,235.00. The disclosure for this sale can be found here. Insiders have sold a total of 21,473 shares of company stock valued at $1,631,772 over the last ninety days. 3.25% of the stock is owned by insiders.
Shares of ePlus Inc. (NASDAQ PLUS) opened at $80.65 on Tuesday. The company has a quick ratio of 1.44, a current ratio of 1.59 and a debt-to-equity ratio of 0.01. The stock has a market cap of $1,136.81, a price-to-earnings ratio of 20.74 and a beta of 1.15. ePlus Inc. has a 12-month low of $63.76 and a 12-month high of $97.75.
ePlus (NASDAQ:PLUS) last posted its quarterly earnings results on Wednesday, February 7th. The software maker reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.13. The company had revenue of $342.57 million for the quarter, compared to analyst estimates of $344.25 million. ePlus had a net margin of 4.01% and a return on equity of 15.06%. sell-side analysts predict that ePlus Inc. will post 4.09 earnings per share for the current fiscal year.
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ePlus inc. is a holding company. The Company is engaged in the business of selling, leasing, financing and managing information technology. It operates through two segments: technology and financing. The technology segment sells information technology (IT) hardware products, third-party software and maintenance contracts, its own and third-party professional and managed services, and its software.
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