Geode Capital Management LLC Buys 9,103 Shares of ePlus Inc. (NASDAQ:PLUS)

Geode Capital Management LLC raised its stake in shares of ePlus Inc. (NASDAQ:PLUS) by 4.5% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 209,605 shares of the software maker’s stock after acquiring an additional 9,103 shares during the period. Geode Capital Management LLC owned approximately 1.55% of ePlus worth $13,125,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. BlackRock Inc. lifted its stake in ePlus by 4.4% during the 1st quarter. BlackRock Inc. now owns 2,250,202 shares of the software maker’s stock valued at $140,908,000 after acquiring an additional 94,438 shares during the period. State Street Corp lifted its stake in ePlus by 6.9% during the 1st quarter. State Street Corp now owns 441,161 shares of the software maker’s stock valued at $27,626,000 after acquiring an additional 28,640 shares during the period. Atlanta Capital Management Co. L L C lifted its stake in ePlus by 4.4% during the 1st quarter. Atlanta Capital Management Co. L L C now owns 371,693 shares of the software maker’s stock valued at $23,275,000 after acquiring an additional 15,595 shares during the period. WCM Investment Management LLC lifted its stake in ePlus by 3.9% during the 1st quarter. WCM Investment Management LLC now owns 250,044 shares of the software maker’s stock valued at $15,658,000 after acquiring an additional 9,372 shares during the period. Finally, Wellington Management Group LLP lifted its stake in ePlus by 5.7% during the 1st quarter. Wellington Management Group LLP now owns 230,425 shares of the software maker’s stock valued at $14,429,000 after acquiring an additional 12,421 shares during the period. Institutional investors and hedge funds own 90.89% of the company’s stock.

Several brokerages have recently weighed in on PLUS. Zacks Investment Research cut shares of ePlus from a “buy” rating to a “hold” rating in a research note on Saturday, May 30th. ValuEngine cut shares of ePlus from a “hold” rating to a “sell” rating in a research note on Tuesday, May 26th. Finally, BidaskClub upgraded shares of ePlus from a “sell” rating to a “hold” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $96.67.

ePlus stock opened at $70.68 on Wednesday. The firm has a 50 day moving average of $71.49 and a 200 day moving average of $73.82. The firm has a market capitalization of $919.55 million, a price-to-earnings ratio of 13.70 and a beta of 1.12. ePlus Inc. has a 12-month low of $42.53 and a 12-month high of $99.63. The company has a current ratio of 1.68, a quick ratio of 1.55 and a debt-to-equity ratio of 0.01.

ePlus (NASDAQ:PLUS) last released its earnings results on Thursday, May 21st. The software maker reported $1.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.95 by $0.29. The company had revenue of $366.48 million during the quarter, compared to analyst estimates of $361.15 million. ePlus had a net margin of 4.35% and a return on equity of 15.04%. On average, analysts predict that ePlus Inc. will post 4.11 EPS for the current year.

ePlus Profile

ePlus inc., through its subsidiaries, provides information technology solutions that enable organizations to optimize their information technology (IT) environment and supply chain processes in the United States. It operates in two segments, Technology and Financing. The Technology segment offers hardware, software, maintenance, software assurance, and internally-provided and outsourced services; and advanced professional and managed services, including ePlus managed, professional, security, staff augmentation, server and desktop support, and project management services.

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Institutional Ownership by Quarter for ePlus (NASDAQ:PLUS)

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