CX Institutional Makes New $3.26 Million Investment in ePlus inc. (NASDAQ:PLUS)

CX Institutional acquired a new stake in ePlus inc. (NASDAQ:PLUS) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 33,135 shares of the software maker’s stock, valued at approximately $3,258,000.

A number of other large investors have also made changes to their positions in PLUS. Capstone Investment Advisors LLC purchased a new position in ePlus in the 1st quarter valued at about $1,903,000. LSV Asset Management raised its position in shares of ePlus by 349.0% in the first quarter. LSV Asset Management now owns 16,165 shares of the software maker’s stock valued at $1,270,000 after buying an additional 12,565 shares during the last quarter. BNP Paribas Financial Markets raised its position in shares of ePlus by 100.6% in the first quarter. BNP Paribas Financial Markets now owns 40,552 shares of the software maker’s stock valued at $3,185,000 after buying an additional 20,340 shares during the last quarter. Janus Henderson Group PLC lifted its stake in shares of ePlus by 68.0% during the first quarter. Janus Henderson Group PLC now owns 64,597 shares of the software maker’s stock valued at $5,073,000 after buying an additional 26,143 shares during the period. Finally, Vanguard Group Inc. boosted its position in ePlus by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 2,403,588 shares of the software maker’s stock worth $191,902,000 after acquiring an additional 27,582 shares during the last quarter. Institutional investors and hedge funds own 93.80% of the company’s stock.

Wall Street Analyst Weigh In

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

ePlus Stock Down 0.5 %

PLUS opened at $101.12 on Wednesday. ePlus inc. has a 12 month low of $53.53 and a 12 month high of $102.99. The business has a 50-day moving average of $93.89 and a two-hundred day moving average of $83.44. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.01 and a quick ratio of 1.87. The stock has a market capitalization of $2.73 billion, a price-to-earnings ratio of 23.35, a price-to-earnings-growth ratio of 2.13 and a beta of 1.11.

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

Insider Activity

In related news, CFO Elaine D. Marion sold 5,000 shares of the 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 transaction, the chief financial officer now directly owns 64,442 shares of the company’s stock, valued at approximately $5,940,907.98. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.41% of the company’s stock.

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 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.