Argent Capital Management LLC Raises Stake in ePlus inc. (NASDAQ:PLUS)

Argent Capital Management LLC boosted its holdings in ePlus inc. (NASDAQ:PLUS) by 15.1% during the third quarter, Holdings Channel reports. The institutional investor owned 14,602 shares of the software maker’s stock after buying an additional 1,919 shares during the period. Argent Capital Management LLC’s holdings in ePlus were worth $1,436,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Retirement Guys Formula LLC acquired a new position in shares of ePlus during the third quarter worth about $203,000. Legacy Financial Strategies LLC acquired a new position in shares of ePlus in the 3rd quarter worth approximately $373,000. Inspire Advisors LLC bought a new position in ePlus during the third quarter worth $227,000. Creative Planning bought a new stake in ePlus during the third quarter valued at $280,000. Finally, CX Institutional acquired a new position in shares of ePlus in the 3rd quarter valued at about $3,258,000. 93.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

ePlus Stock Performance

NASDAQ:PLUS traded up $0.14 during mid-day trading on Thursday, hitting $97.73. 33,522 shares of the company’s stock traded hands, compared to its average volume of 188,094. The firm has a 50 day moving average of $95.22 and a two-hundred day moving average of $84.31. The firm has a market capitalization of $2.63 billion, a price-to-earnings ratio of 22.54, a price-to-earnings-growth ratio of 2.13 and a beta of 1.11. The company has a current ratio of 2.01, a quick ratio of 1.87 and a debt-to-equity ratio of 0.01. ePlus inc. has a 12 month low of $53.53 and a 12 month high of $102.99.

ePlus (NASDAQ:PLUS) last posted its earnings results on Tuesday, August 6th. The software maker reported $1.02 earnings per share 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 during the quarter, compared to the consensus estimate of $555.23 million. On average, equities analysts forecast that ePlus inc. will post 4.67 earnings per share for the current fiscal year.

Insider Buying and Selling at ePlus

In related news, CFO Elaine D. Marion sold 5,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now directly owns 64,442 shares in the company, valued at approximately $5,940,907.98. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.41% of the company’s stock.

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.