Quent Capital LLC Invests $94,000 in ePlus inc. (NASDAQ:PLUS)

Quent Capital LLC purchased a new position in ePlus inc. (NASDAQ:PLUS) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,268 shares of the software maker’s stock, valued at approximately $94,000.

Other hedge funds have also made changes to their positions in the company. Larson Financial Group LLC raised its position in ePlus by 6,140.0% during the third 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 in the last quarter. GAMMA Investing LLC raised its position in ePlus by 203.2% during the third quarter. GAMMA Investing LLC now owns 376 shares of the software maker’s stock valued at $37,000 after acquiring an additional 252 shares in the last quarter. National Bank of Canada FI bought a new position in ePlus during the third quarter valued at approximately $76,000. KBC Group NV raised its position in ePlus by 48.9% during the fourth quarter. KBC Group NV now owns 1,380 shares of the software maker’s stock valued at $102,000 after acquiring an additional 453 shares in the last quarter. Finally, Advisors Asset Management Inc. raised its position in ePlus by 43.9% during the third quarter. Advisors Asset Management Inc. now owns 1,121 shares of the software maker’s stock valued at $110,000 after acquiring an additional 342 shares in the last quarter. 93.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded ePlus from a “buy” rating to a “hold” rating in a report on Friday, November 15th.

ePlus Trading Down 0.9 %

Shares of PLUS stock opened at $68.44 on Thursday. ePlus inc. has a 12 month low of $67.09 and a 12 month high of $106.98. The company has a quick ratio of 1.71, a current ratio of 1.83 and a debt-to-equity ratio of 0.01. The business’s 50 day moving average is $76.92 and its two-hundred day moving average is $86.46. The company has a market cap of $1.83 billion, a PE ratio of 17.46, a price-to-earnings-growth ratio of 1.65 and a beta of 1.10.

ePlus (NASDAQ:PLUS) last announced its quarterly earnings results on Wednesday, February 5th. The software maker reported $0.91 EPS 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%. Equities analysts predict that ePlus inc. will post 4.26 EPS for the current year.

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.