Bessemer Group Inc. Has $9.02 Million Position in ePlus inc. (NASDAQ:PLUS)

Bessemer Group Inc. grew its position in ePlus inc. (NASDAQ:PLUS) by 1.2% during the 4th quarter, HoldingsChannel reports. The firm owned 122,063 shares of the software maker’s stock after purchasing an additional 1,500 shares during the quarter. Bessemer Group Inc.’s holdings in ePlus were worth $9,018,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PLUS. HighTower Advisors LLC acquired a new stake in ePlus during the 3rd quarter worth $227,000. Versor Investments LP acquired a new stake in shares of ePlus during the fourth quarter worth about $318,000. Principal Financial Group Inc. lifted its holdings in shares of ePlus by 3.3% during the 4th quarter. Principal Financial Group Inc. now owns 137,452 shares of the software maker’s stock valued at $10,155,000 after purchasing an additional 4,425 shares in the last quarter. EntryPoint Capital LLC acquired a new position in shares of ePlus in the 4th quarter valued at approximately $370,000. Finally, Raymond James Financial Inc. acquired a new position in shares of ePlus in the 4th quarter valued at approximately $8,683,000. 93.80% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of ePlus from a “hold” rating to a “buy” rating in a research note on Tuesday.

ePlus Price Performance

Shares of NASDAQ PLUS opened at $57.84 on Friday. The company has a fifty day moving average price of $65.01 and a 200 day moving average price of $78.20. The firm has a market cap of $1.54 billion, a PE ratio of 14.76, a PEG ratio of 1.83 and a beta of 1.12. The company has a current ratio of 1.83, a quick ratio of 1.69 and a debt-to-equity ratio of 0.01. ePlus inc. has a 1-year low of $53.83 and a 1-year high of $106.98.

ePlus (NASDAQ:PLUS) last posted its quarterly earnings data 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 return on equity of 11.23% and a net margin of 4.93%. Research analysts predict that ePlus inc. will post 3.78 earnings per share for the current fiscal 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.