Chatham Capital Group Inc. Buys 4,630 Shares of ePlus inc. (NASDAQ:PLUS)

Chatham Capital Group Inc. increased its stake in shares of ePlus inc. (NASDAQ:PLUS) by 11.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,548 shares of the software maker’s stock after buying an additional 4,630 shares during the quarter. Chatham Capital Group Inc. owned 0.16% of ePlus worth $3,420,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Gobi Capital LLC bought a new position in shares of ePlus during the 4th quarter worth approximately $49,190,000. SummerHaven Investment Management LLC raised its stake in shares of ePlus by 1.1% during the 4th quarter. SummerHaven Investment Management LLC now owns 12,696 shares of the software maker’s stock worth $1,014,000 after purchasing an additional 143 shares during the period. Bridge City Capital LLC purchased a new position in shares of ePlus in the 1st quarter worth about $1,802,000. Lazard Asset Management LLC raised its position in ePlus by 832.2% in the third quarter. Lazard Asset Management LLC now owns 14,412 shares of the software maker’s stock worth $915,000 after acquiring an additional 12,866 shares during the period. Finally, Atria Wealth Solutions Inc. grew its position in shares of ePlus by 3.4% during the 4th quarter. Atria Wealth Solutions Inc. now owns 6,246 shares of the software maker’s stock valued at $499,000 after acquiring an additional 204 shares during the period. 93.80% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at ePlus

In other ePlus news, CFO Elaine D. Marion sold 5,000 shares of ePlus stock in a transaction on Monday, June 17th. The stock was sold at an average price of $73.45, for a total transaction of $367,250.00. Following the completion of the transaction, the chief financial officer now owns 53,996 shares in the company, valued at $3,966,006.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other ePlus news, CFO Elaine D. Marion sold 5,000 shares of the business’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $73.45, for a total transaction of $367,250.00. Following the completion of the sale, the chief financial officer now directly owns 53,996 shares in the company, valued at approximately $3,966,006.20. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Darren S. Raiguel sold 4,833 shares of the business’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $80.37, for a total transaction of $388,428.21. Following the sale, the chief operating officer now directly owns 33,290 shares of the company’s stock, valued at approximately $2,675,517.30. The disclosure for this sale can be found here. 2.41% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus increased their price objective on ePlus from $80.00 to $90.00 and gave the company a “hold” rating in a report on Thursday, May 23rd.

ePlus Stock Performance

PLUS stock traded up $1.57 during midday trading on Friday, reaching $73.68. 888,170 shares of the company’s stock traded hands, compared to its average volume of 174,726. ePlus inc. has a 52 week low of $53.53 and a 52 week high of $83.57. The firm has a market capitalization of $1.99 billion, a PE ratio of 17.02 and a beta of 1.07. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.73 and a current ratio of 1.94. The company has a 50-day moving average price of $76.41 and a two-hundred day moving average price of $77.31.

ePlus (NASDAQ:PLUS) last announced its quarterly earnings data on Wednesday, May 22nd. The software maker reported $0.82 EPS for the quarter, missing the consensus estimate of $1.08 by ($0.26). ePlus had a net margin of 5.20% and a return on equity of 13.47%. The firm had revenue of $554.46 million for the quarter, compared to the consensus estimate of $553.05 million. As a group, equities analysts anticipate that ePlus inc. will post 4.8 EPS for the current year.

ePlus 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, storage-as-a-service, server and desktop support, and project management services.