Quantbot Technologies LP Makes New Investment in ePlus inc. (NASDAQ:PLUS)

Quantbot Technologies LP acquired a new stake in shares of ePlus inc. (NASDAQ:PLUS) in the fourth quarter, HoldingsChannel reports. The firm acquired 11,106 shares of the software maker’s stock, valued at approximately $821,000.

Several other large investors have also recently made changes to their positions in the company. Smartleaf Asset Management LLC boosted its stake in ePlus by 91.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 342 shares of the software maker’s stock valued at $25,000 after buying an additional 163 shares during the last quarter. Larson Financial Group LLC boosted its position in shares of ePlus by 6,140.0% during the 3rd quarter. Larson Financial Group LLC now owns 312 shares of the software maker’s stock valued at $31,000 after acquiring an additional 307 shares during the last quarter. Jones Financial Companies Lllp increased its position in ePlus by 256.8% in the fourth quarter. Jones Financial Companies Lllp now owns 421 shares of the software maker’s stock worth $31,000 after purchasing an additional 303 shares during the last quarter. National Bank of Canada FI purchased a new stake in ePlus during the third quarter valued at $76,000. Finally, Quent Capital LLC bought a new position in ePlus during the fourth quarter valued at $94,000. 93.80% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

ePlus Stock Performance

NASDAQ PLUS opened at $64.74 on Thursday. The business’s 50 day moving average price is $70.44 and its 200-day moving average price is $81.23. ePlus inc. has a fifty-two week low of $61.75 and a fifty-two week high of $106.98. The company has a market cap of $1.72 billion, a P/E ratio of 16.52, a P/E/G ratio of 1.83 and a beta of 1.15. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.69 and a current ratio of 1.83.

ePlus (NASDAQ:PLUS) last announced its earnings results on Wednesday, February 5th. The software maker reported $0.91 earnings per share for the quarter, missing the consensus estimate of $1.28 by ($0.37). ePlus had a net margin of 4.93% and a return on equity of 11.23%. Sell-side analysts predict that ePlus inc. will post 3.78 earnings per share for the current year.

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 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.