CX Institutional Makes New Investment in ePlus inc. (NASDAQ:PLUS)

CX Institutional bought a new stake in ePlus inc. (NASDAQ:PLUS) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 33,135 shares of the software maker’s stock, valued at approximately $3,258,000. CX Institutional owned approximately 0.12% of ePlus as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in ePlus by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 2,403,588 shares of the software maker’s stock valued at $191,902,000 after purchasing an additional 27,582 shares during the period. American Century Companies Inc. raised its stake in shares of ePlus by 75.5% during the 2nd quarter. American Century Companies Inc. now owns 487,069 shares of the software maker’s stock worth $35,887,000 after buying an additional 209,511 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of ePlus by 4,036.0% in the 2nd quarter. Millennium Management LLC now owns 251,430 shares of the software maker’s stock valued at $18,525,000 after buying an additional 245,351 shares during the period. Swedbank AB purchased a new stake in shares of ePlus in the first quarter valued at approximately $15,315,000. Finally, Principal Financial Group Inc. grew its holdings in ePlus by 4.6% during the first quarter. Principal Financial Group Inc. now owns 146,788 shares of the software maker’s stock worth $11,529,000 after acquiring an additional 6,468 shares during the period. 93.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com downgraded ePlus from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd.

Insiders Place Their Bets

In other ePlus news, CFO Elaine D. Marion sold 5,000 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $92.19, for a total value of $460,950.00. Following the sale, the chief financial officer now owns 64,442 shares of the company’s stock, valued at approximately $5,940,907.98. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.41% of the stock is owned by company insiders.

ePlus Trading Down 0.5 %

Shares of PLUS opened at $101.12 on Wednesday. ePlus inc. has a twelve month low of $53.53 and a twelve month high of $102.99. The company has a current ratio of 2.01, a quick ratio of 1.87 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $2.73 billion, a P/E ratio of 23.35, a PEG ratio of 2.13 and a beta of 1.11. The firm’s 50-day moving average is $93.89 and its two-hundred day moving average is $83.44.

ePlus (NASDAQ:PLUS) last announced its quarterly earnings results on Tuesday, August 6th. The software maker reported $1.02 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.03). ePlus had a return on equity of 12.32% and a net margin of 4.98%. The firm had revenue of $544.54 million for the quarter, compared to analysts’ expectations of $555.23 million. On average, research analysts predict that ePlus inc. will post 4.67 earnings per share for the current fiscal year.

About ePlus

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.