Mutual of America Capital Management LLC boosted its stake in ePlus inc. (NASDAQ:PLUS – Get Rating) by 5.0% during the 1st quarter, HoldingsChannel.com reports. The fund owned 3,874 shares of the software maker’s stock after purchasing an additional 183 shares during the period. Mutual of America Capital Management LLC’s holdings in ePlus were worth $217,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in PLUS. Lazard Asset Management LLC purchased a new stake in shares of ePlus during the 4th quarter worth approximately $31,000. New Century Advisors LLC lifted its stake in shares of ePlus by 161.9% during the 1st quarter. New Century Advisors LLC now owns 736 shares of the software maker’s stock worth $41,000 after purchasing an additional 455 shares during the period. Covestor Ltd purchased a new position in shares of ePlus during the 4th quarter worth $44,000. Point72 Hong Kong Ltd purchased a new position in shares of ePlus during the 4th quarter worth $54,000. Finally, Nisa Investment Advisors LLC lifted its stake in shares of ePlus by 100.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,590 shares of the software maker’s stock worth $73,000 after purchasing an additional 795 shares during the period. Institutional investors and hedge funds own 92.04% of the company’s stock.
Insider Buying and Selling at ePlus
In other ePlus news, Director Eric D. Hovde sold 9,898 shares of the firm’s stock in a transaction that occurred on Wednesday, June 15th. The shares were sold at an average price of $55.92, for a total value of $553,496.16. Following the sale, the director now owns 51,940 shares in the company, valued at $2,904,484.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.27% of the stock is owned by company insiders.
ePlus Stock Performance
Shares of PLUS stock opened at $55.60 on Wednesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.61 and a current ratio of 1.95. ePlus inc. has a one year low of $42.70 and a one year high of $69.74. The company’s 50-day simple moving average is $54.26 and its 200-day simple moving average is $52.83. The stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of 14.13 and a beta of 1.17.
ePlus (NASDAQ:PLUS – Get Rating) last issued its earnings results on Wednesday, May 25th. The software maker reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.28. ePlus had a net margin of 5.80% and a return on equity of 16.92%. The firm had revenue of $451.52 million for the quarter, compared to analysts’ expectations of $407.60 million. During the same quarter last year, the company posted $0.58 earnings per share. Equities analysts anticipate that ePlus inc. will post 3.55 earnings per share for the current fiscal year.
Analyst Ratings Changes
Separately, StockNews.com upgraded ePlus from a “hold” rating to a “buy” rating in a report on Wednesday, May 18th.
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 in two segments, Technology and Financing. The Technology segment offers hardware, perpetual and subscription software, maintenance, software assurance, and internally provided and outsourced services; and professional and managed services, including managed, professional, security solutions, cloud consulting and hosting, staff augmentation, server and desktop support, and project management services.
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