Wedge Capital Management L L P NC Buys 3,397 Shares of ePlus inc. (NASDAQ:PLUS)

Wedge Capital Management L L P NC boosted its stake in shares of ePlus inc. (NASDAQ:PLUS) by 17.4% in the first quarter, Holdings Channel reports. The institutional investor owned 22,940 shares of the software maker’s stock after purchasing an additional 3,397 shares during the period. Wedge Capital Management L L P NC’s holdings in ePlus were worth $1,400,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC increased its position in ePlus by 91.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 342 shares of the software maker’s stock valued at $25,000 after buying an additional 163 shares in the last quarter. Cascade Investment Advisors Inc. increased its position in ePlus by 1.6% during the 1st quarter. Cascade Investment Advisors Inc. now owns 16,264 shares of the software maker’s stock valued at $993,000 after buying an additional 260 shares in the last quarter. Foundry Partners LLC increased its position in ePlus by 3.8% during the 4th quarter. Foundry Partners LLC now owns 7,469 shares of the software maker’s stock valued at $552,000 after buying an additional 274 shares in the last quarter. Jones Financial Companies Lllp increased its position 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 in the last quarter. Finally, Huntington National Bank boosted its stake in ePlus by 35.8% during the 4th quarter. Huntington National Bank now owns 1,168 shares of the software maker’s stock valued at $86,000 after purchasing an additional 308 shares during the last quarter. Institutional investors own 93.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded ePlus from a “hold” rating to a “buy” rating in a research note on Saturday, May 24th.

ePlus Stock Performance

Shares of PLUS opened at $72.80 on Wednesday. The business’s fifty day simple moving average is $64.05 and its two-hundred day simple moving average is $69.66. The company has a current ratio of 1.83, a quick ratio of 1.69 and a debt-to-equity ratio of 0.01. ePlus inc. has a 12 month low of $53.83 and a 12 month high of $106.98. The company has a market cap of $1.93 billion, a price-to-earnings ratio of 18.57, a P/E/G ratio of 1.83 and a beta of 1.15.

ePlus (NASDAQ:PLUS) last released its quarterly earnings results on Thursday, May 22nd. The software maker reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.08. The firm had revenue of $498.11 million for the quarter, compared to the consensus estimate of $523.85 million. ePlus had a return on equity of 11.23% and a net margin of 4.93%. Research analysts anticipate that ePlus inc. will post 3.78 earnings per share for the current fiscal year.

ePlus Company 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.