Zebra Capital Management LLC grew its position in shares of ePlus Inc. (NASDAQ:PLUS) by 6.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,802 shares of the software maker’s stock after purchasing an additional 489 shares during the quarter. Zebra Capital Management LLC owned approximately 0.06% of ePlus worth $538,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in PLUS. Fiduciary Management Inc. WI boosted its holdings in ePlus by 9.3% during the 2nd quarter. Fiduciary Management Inc. WI now owns 873,721 shares of the software maker’s stock valued at $60,234,000 after acquiring an additional 74,020 shares during the period. Cortina Asset Management LLC boosted its holdings in ePlus by 30.0% during the 2nd quarter. Cortina Asset Management LLC now owns 241,442 shares of the software maker’s stock valued at $16,645,000 after acquiring an additional 55,689 shares during the period. Zions Bancorporation N.A. purchased a new stake in ePlus during the 1st quarter valued at about $191,000. AJO LP purchased a new stake in ePlus during the 1st quarter valued at about $1,139,000. Finally, Scout Investments Inc. boosted its holdings in ePlus by 63.3% during the 2nd quarter. Scout Investments Inc. now owns 84,956 shares of the software maker’s stock valued at $5,857,000 after acquiring an additional 32,947 shares during the period. Hedge funds and other institutional investors own 90.08% of the company’s stock.
Several brokerages recently weighed in on PLUS. ValuEngine upgraded ePlus from a “strong sell” rating to a “sell” rating in a report on Thursday, August 8th. Zacks Investment Research cut ePlus from a “hold” rating to a “sell” rating in a report on Thursday. Sidoti upgraded ePlus from a “neutral” rating to a “buy” rating in a report on Monday, July 1st. BidaskClub cut ePlus from a “strong-buy” rating to a “buy” rating in a report on Friday, September 13th. Finally, Berenberg Bank reiterated a “hold” rating and issued a $83.00 price objective on shares of ePlus in a report on Tuesday, August 13th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $85.67.
NASDAQ PLUS traded up $1.10 on Thursday, hitting $79.07. The company’s stock had a trading volume of 2,924 shares, compared to its average volume of 107,900. ePlus Inc. has a 52-week low of $65.52 and a 52-week high of $100.00. The company has a current ratio of 1.54, a quick ratio of 1.39 and a debt-to-equity ratio of 0.02. The company’s 50-day simple moving average is $79.47 and its 200 day simple moving average is $81.47. The firm has a market cap of $1.08 billion, a P/E ratio of 16.99 and a beta of 1.30.
ePlus (NASDAQ:PLUS) last released its quarterly earnings data on Wednesday, August 7th. The software maker reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.12. ePlus had a return on equity of 16.10% and a net margin of 4.59%. The business had revenue of $381.37 million during the quarter, compared to analysts’ expectations of $355.15 million. On average, research analysts forecast that ePlus Inc. will post 4.18 EPS for the current fiscal year.
In other ePlus news, Director Lawrence S. Herman sold 600 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $75.60, for a total value of $45,360.00. Following the completion of the sale, the director now owns 9,549 shares in the company, valued at approximately $721,904.40. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 2.59% of the company’s stock.
ePlus inc., through its subsidiaries, provides information technology solutions that enable organizations to optimize their information technology (IT) environment and supply chain processes in the United States. It operates in two segments, Technology and Financing. The Technology segment offers hardware, software, maintenance, software assurance, and internally-provided and outsourced services; and advanced professional and managed services, including ePlus managed, professional, security, staff augmentation, server and desktop support, and project management services.
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