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

Chatham Capital Group Inc. increased its position in ePlus inc. (NASDAQ:PLUS) by 11.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 43,548 shares of the software maker’s stock after buying an additional 4,630 shares during the quarter. Chatham Capital Group Inc.’s holdings in ePlus were worth $3,420,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the business. Ellsworth Advisors LLC grew its stake in shares of ePlus by 2.2% in the fourth quarter. Ellsworth Advisors LLC now owns 6,102 shares of the software maker’s stock worth $487,000 after purchasing an additional 134 shares during the last quarter. SummerHaven Investment Management LLC lifted its holdings in 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 buying an additional 143 shares during the period. Atria Wealth Solutions Inc. raised its holdings in ePlus by 3.4% during the 4th quarter. Atria Wealth Solutions Inc. now owns 6,246 shares of the software maker’s stock worth $499,000 after purchasing an additional 204 shares during the last quarter. Rhumbline Advisers lifted its position in shares of ePlus by 0.4% in the 3rd quarter. Rhumbline Advisers now owns 83,613 shares of the software maker’s stock worth $5,311,000 after purchasing an additional 326 shares during the period. Finally, Franklin Resources Inc. boosted its stake in shares of ePlus by 2.4% in the 4th quarter. Franklin Resources Inc. now owns 15,418 shares of the software maker’s stock valued at $1,231,000 after purchasing an additional 362 shares during the last quarter. Institutional investors own 93.80% of the company’s stock.

ePlus Stock Up 2.2 %

Shares of PLUS traded up $1.57 on Friday, reaching $73.68. The company’s stock had a trading volume of 888,170 shares, compared to its average volume of 174,726. ePlus inc. has a twelve month low of $53.53 and a twelve month high of $83.57. The stock has a market capitalization of $1.99 billion, a PE ratio of 17.02 and a beta of 1.07. The company has a current ratio of 1.94, a quick ratio of 1.73 and a debt-to-equity ratio of 0.01. The firm has a fifty day moving average of $76.41 and a 200-day moving average of $77.31.

ePlus (NASDAQ:PLUS) last posted its earnings results on Wednesday, May 22nd. The software maker reported $0.82 earnings per share for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.26). The company had revenue of $554.46 million during the quarter, compared to the consensus estimate of $553.05 million. ePlus had a net margin of 5.20% and a return on equity of 13.47%. Equities analysts predict that ePlus inc. will post 4.8 EPS for the current year.

Insider Transactions at ePlus

In related news, CFO Elaine D. Marion sold 5,000 shares of the business’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $73.45, for a total value of $367,250.00. Following the transaction, the chief financial officer now directly owns 53,996 shares of the company’s stock, valued at approximately $3,966,006.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other ePlus news, CFO Elaine D. Marion sold 5,000 shares of the stock in a transaction dated Monday, June 17th. The shares were 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 is available through 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 in the company, valued at approximately $2,675,517.30. The disclosure for this sale can be found here. Company insiders own 2.41% of the company’s stock.

Analyst Upgrades and Downgrades

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

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 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.