Vanguard Group Inc. Buys 8,146 Shares of ePlus inc. $PLUS

Vanguard Group Inc. raised its stake in ePlus inc. (NASDAQ:PLUS) by 0.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,453,215 shares of the software maker’s stock after purchasing an additional 8,146 shares during the period. Vanguard Group Inc. owned approximately 0.09% of ePlus worth $215,147,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. State Street Corp lifted its position in shares of ePlus by 0.9% in the 2nd quarter. State Street Corp now owns 1,019,061 shares of the software maker’s stock worth $73,474,000 after acquiring an additional 8,956 shares during the period. American Century Companies Inc. lifted its position in shares of ePlus by 8.4% in the 3rd quarter. American Century Companies Inc. now owns 1,006,035 shares of the software maker’s stock worth $71,439,000 after acquiring an additional 78,160 shares during the period. AltraVue Capital LLC lifted its position in shares of ePlus by 0.7% in the 3rd quarter. AltraVue Capital LLC now owns 1,002,883 shares of the software maker’s stock worth $71,215,000 after acquiring an additional 7,460 shares during the period. Wellington Management Group LLP lifted its position in shares of ePlus by 9.0% in the 3rd quarter. Wellington Management Group LLP now owns 471,405 shares of the software maker’s stock worth $33,474,000 after acquiring an additional 39,012 shares during the period. Finally, Envestnet Asset Management Inc. lifted its position in shares of ePlus by 177.8% in the 3rd quarter. Envestnet Asset Management Inc. now owns 237,668 shares of the software maker’s stock worth $16,877,000 after acquiring an additional 152,128 shares during the period. Institutional investors own 93.80% of the company’s stock.

ePlus Price Performance

ePlus stock opened at $90.31 on Friday. The company has a market capitalization of $2.38 billion, a PE ratio of 17.95, a price-to-earnings-growth ratio of 0.98 and a beta of 1.04. ePlus inc. has a one year low of $62.11 and a one year high of $93.98. The business has a 50 day simple moving average of $79.89 and a 200 day simple moving average of $83.47.

ePlus (NASDAQ:PLUS) last posted its earnings results on Wednesday, February 4th. The software maker reported $1.45 EPS for the quarter, topping the consensus estimate of $1.01 by $0.44. The business had revenue of $614.77 million during the quarter, compared to the consensus estimate of $529.60 million. ePlus had a return on equity of 12.06% and a net margin of 5.63%. Equities analysts anticipate that ePlus inc. will post 4.74 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

PLUS has been the subject of a number of research reports. Weiss Ratings downgraded ePlus from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, April 13th. Wall Street Zen downgraded shares of ePlus from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. Finally, Zacks Research raised shares of ePlus from a “hold” rating to a “strong-buy” rating in a report on Monday, April 6th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy”.

Insider Activity at ePlus

In related news, COO Darren S. Raiguel sold 400 shares of the firm’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $88.05, for a total transaction of $35,220.00. Following the completion of the transaction, the chief operating officer owned 57,348 shares in the company, valued at $5,049,491.40. This trade represents a 0.69% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders sold 716 shares of company stock worth $63,243. 1.93% of the stock is owned by company insiders.

ePlus Profile

ePlus Inc (NASDAQ:PLUS) is a technology solutions provider that helps enterprises and public-sector organizations maximize the value of their information technology investments. The company specializes in designing, implementing and managing complex IT infrastructures, with a focus on security, cloud computing, data center modernization and unified communications. By combining consulting services with software license management and hardware procurement, ePlus delivers end-to-end solutions that align with its clients’ strategic objectives.

The company’s offerings include cybersecurity assessments and managed security services, hybrid and public cloud deployments, network architecture and optimization, and collaboration platforms.