AXQ Capital LP Buys New Shares in ePlus inc. (NASDAQ:PLUS)

AXQ Capital LP acquired a new stake in ePlus inc. (NASDAQ:PLUS) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 2,950 shares of the software maker’s stock, valued at approximately $218,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. HighTower Advisors LLC acquired a new stake in ePlus in the third quarter valued at $227,000. Versor Investments LP acquired a new stake in shares of ePlus during the 4th quarter worth about $318,000. Principal Financial Group Inc. lifted its stake in ePlus by 3.3% during the fourth quarter. Principal Financial Group Inc. now owns 137,452 shares of the software maker’s stock worth $10,155,000 after purchasing an additional 4,425 shares during the last quarter. Geode Capital Management LLC lifted its stake in ePlus by 16.8% during the third quarter. Geode Capital Management LLC now owns 731,909 shares of the software maker’s stock worth $71,987,000 after purchasing an additional 105,526 shares during the last quarter. Finally, Haven Private LLC acquired a new stake in ePlus during the fourth quarter worth approximately $555,000. 93.80% of the stock is owned by institutional investors and hedge funds.

ePlus Price Performance

PLUS stock opened at $65.96 on Tuesday. The company has a current ratio of 1.83, a quick ratio of 1.69 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $1.76 billion, a P/E ratio of 16.83, a PEG ratio of 1.83 and a beta of 1.15. The business has a 50 day simple moving average of $71.01 and a 200-day simple moving average of $81.51. ePlus inc. has a twelve month low of $61.75 and a twelve month 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 the consensus estimate of $1.28 by ($0.37). ePlus had a return on equity of 11.23% and a net margin of 4.93%. As a group, equities analysts anticipate that ePlus inc. will post 3.78 EPS for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of ePlus from a “buy” rating to a “hold” rating in a research report on Wednesday, March 19th.

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.