ePlus inc. (NASDAQ:PLUS) Shares Bought by Ellsworth Advisors LLC

Ellsworth Advisors LLC grew its stake in shares of ePlus inc. (NASDAQ:PLUS) by 2.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,102 shares of the software maker’s stock after purchasing an additional 134 shares during the quarter. Ellsworth Advisors LLC’s holdings in ePlus were worth $487,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Exchange Traded Concepts LLC acquired a new position in shares of ePlus during the third quarter worth about $27,000. Advisors Asset Management Inc. acquired a new position in shares of ePlus in the third quarter worth about $28,000. Operose Advisors LLC acquired a new position in shares of ePlus in the third quarter worth about $33,000. Point72 Middle East FZE acquired a new position in shares of ePlus in the fourth quarter worth about $35,000. Finally, Point72 Hong Kong Ltd lifted its stake in shares of ePlus by 862.6% in the second quarter. Point72 Hong Kong Ltd now owns 953 shares of the software maker’s stock worth $51,000 after acquiring an additional 854 shares in the last quarter. Institutional investors and hedge funds own 93.80% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Sidoti lowered ePlus from a “buy” rating to a “neutral” rating and set a $83.00 price objective for the company. in a report on Monday, January 8th. Stifel Nicolaus lowered their price objective on ePlus from $75.00 to $70.00 and set a “hold” rating for the company in a report on Wednesday, February 7th.

ePlus Stock Performance

Shares of NASDAQ PLUS traded up $0.55 during midday trading on Thursday, hitting $78.54. 217,590 shares of the company’s stock were exchanged, compared to its average volume of 233,313. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.93 and a quick ratio of 1.59. The stock’s 50 day moving average price is $78.17 and its 200-day moving average price is $71.44. The firm has a market cap of $2.12 billion, a P/E ratio of 16.57 and a beta of 1.19. ePlus inc. has a twelve month low of $41.71 and a twelve month high of $83.57.

ePlus (NASDAQ:PLUS) last issued its quarterly earnings data on Tuesday, February 6th. The software maker reported $1.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.24 by ($0.22). The business had revenue of $509.06 million for the quarter, compared to analyst estimates of $598.25 million. ePlus had a return on equity of 15.26% and a net margin of 5.86%. Equities research analysts anticipate that ePlus inc. will post 4.59 EPS for the current year.

Insider Buying and Selling at ePlus

In other ePlus news, Director John E. Callies sold 1,308 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $79.17, for a total transaction of $103,554.36. Following the completion of the transaction, the director now directly owns 20,493 shares of the company’s stock, valued at approximately $1,622,430.81. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.41% of the stock is currently owned by corporate insiders.

ePlus Company 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.