Chatham Capital Group Inc. reduced its position in shares of ePlus (NASDAQ:PLUS) by 6.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,710 shares of the software maker’s stock after selling 1,300 shares during the period. Chatham Capital Group Inc. owned approximately 0.13% of ePlus worth $1,454,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently added to or reduced their stakes in PLUS. Atlanta Capital Management Co. L L C lifted its holdings in ePlus by 117.3% during 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. River Road Asset Management LLC lifted its holdings in ePlus by 41.7% during the 1st quarter. River Road Asset Management LLC now owns 198,782 shares of the software maker’s stock worth $15,445,000 after purchasing an additional 58,528 shares during the last quarter. BlackRock Inc. lifted its holdings in ePlus by 2.7% during 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. Mackay Shields LLC acquired a new stake in ePlus during the 1st quarter worth approximately $3,279,000. Finally, Prudential Financial Inc. lifted its holdings in ePlus by 39.3% during the 1st quarter. Prudential Financial Inc. now owns 142,360 shares of the software maker’s stock worth $11,061,000 after purchasing an additional 40,135 shares during the last quarter. 91.42% of the stock is owned by institutional investors and hedge funds.
In other ePlus news, CFO Elaine D. Marion sold 3,000 shares of the firm’s stock in a transaction on Thursday, April 12th. The stock was sold at an average price of $80.00, for a total transaction of $240,000.00. Following the transaction, the chief financial officer now owns 70,068 shares in the company, valued at approximately $5,605,440. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 3.25% of the stock is owned by company insiders.
ePlus stock opened at $89.45 on Friday. ePlus has a one year low of $87.30 and a one year high of $87.95. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.44 and a current ratio of 1.59. The firm has a market cap of $1.22 billion, a price-to-earnings ratio of 23.92 and a beta of 1.16.
Several analysts recently weighed in on the company. ValuEngine raised ePlus from a “hold” rating to a “buy” rating in a report on Wednesday, May 2nd. BidaskClub upgraded ePlus from a “buy” rating to a “strong-buy” rating in a research note on Thursday, May 3rd. Sidoti lowered ePlus from a “buy” rating to a “neutral” rating in a research note on Tuesday, May 8th. Finally, Zacks Investment Research lowered ePlus from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 11th. Three investment analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. ePlus currently has an average rating of “Buy” and a consensus target price of $78.00.
ePlus Company Profile
ePlus inc., an engineering-centric technology solutions provider, provides information technology (IT) products and services, flexible leasing and financing solutions, and enterprise supply management in the United States. It operates through two segments, Technology and Financing. The Technology segment sells IT products, such as hardware, software, maintenance, software assurance, and services; and offers advanced professional and managed services, including data center infrastructure, networking, security, cloud, and collaboration, as well as ePlus managed, professional, security, staff augmentation, server and desktop support, and project management services.
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