Semanteon Capital Management LP Acquires New Position in ePlus inc. (NASDAQ:PLUS)

Semanteon Capital Management LP acquired a new stake in shares of ePlus inc. (NASDAQ:PLUS) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 8,611 shares of the software maker’s stock, valued at approximately $636,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PLUS. Intech Investment Management LLC increased its position in ePlus by 134.1% during the 4th quarter. Intech Investment Management LLC now owns 17,980 shares of the software maker’s stock valued at $1,328,000 after purchasing an additional 10,299 shares during the period. HighTower Advisors LLC increased its position in ePlus by 21.3% during the 4th quarter. HighTower Advisors LLC now owns 2,816 shares of the software maker’s stock valued at $208,000 after purchasing an additional 495 shares during the period. Haven Private LLC purchased a new position in ePlus during the 4th quarter valued at about $555,000. Destination Wealth Management purchased a new position in ePlus during the 4th quarter valued at about $296,000. Finally, Raymond James Financial Inc. purchased a new position in ePlus during the 4th quarter valued at about $8,683,000. Institutional investors own 93.80% of the company’s stock.

ePlus Trading Up 0.5 %

NASDAQ PLUS opened at $64.15 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.69 and a current ratio of 1.83. The company has a market capitalization of $1.71 billion, a price-to-earnings ratio of 16.36, a price-to-earnings-growth ratio of 1.83 and a beta of 1.15. The company’s 50-day simple moving average is $71.24 and its two-hundred day simple moving average is $81.80. ePlus inc. has a one year low of $61.75 and a one year high of $106.98.

ePlus (NASDAQ:PLUS) last issued its quarterly earnings data on Wednesday, February 5th. The software maker reported $0.91 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.37). ePlus had a return on equity of 11.23% and a net margin of 4.93%. Equities analysts forecast that ePlus inc. will post 3.78 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of ePlus from a “buy” rating to a “hold” rating in a research report on Wednesday.

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 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.