Castlekeep Investment Advisors LLC Buys New Shares in ePlus inc. (NASDAQ:PLUS)

Castlekeep Investment Advisors LLC purchased a new stake in shares of ePlus inc. (NASDAQ:PLUS) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 23,153 shares of the software maker’s stock, valued at approximately $1,711,000.

Several other large investors have also recently added to or reduced their stakes in the company. Barclays PLC grew its holdings in shares of ePlus by 82.3% during the 3rd quarter. Barclays PLC now owns 80,328 shares of the software maker’s stock worth $7,899,000 after purchasing an additional 36,267 shares in the last quarter. KBC Group NV lifted its position in ePlus by 48.9% in the fourth quarter. KBC Group NV now owns 1,380 shares of the software maker’s stock worth $102,000 after purchasing an additional 453 shares during the period. Cascade Investment Advisors Inc. boosted its stake in ePlus by 1.7% during the fourth quarter. Cascade Investment Advisors Inc. now owns 16,004 shares of the software maker’s stock worth $1,182,000 after buying an additional 275 shares in the last quarter. Swedbank AB bought a new stake in ePlus in the 4th quarter valued at $11,082,000. Finally, Caprock Group LLC acquired a new position in shares of ePlus in the 4th quarter valued at $224,000. Institutional investors and hedge funds own 93.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of ePlus from a “hold” rating to a “buy” rating in a research report on Saturday.

ePlus Stock Up 1.9%

NASDAQ PLUS opened at $66.97 on Friday. ePlus inc. has a 1-year low of $53.83 and a 1-year high of $106.98. The company has a market capitalization of $1.78 billion, a price-to-earnings ratio of 17.08, a PEG ratio of 1.83 and a beta of 1.12. The stock’s 50 day moving average is $62.19 and its two-hundred day moving average is $71.10. 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 (NASDAQ:PLUS) last posted its earnings results on Thursday, May 22nd. The software maker reported $0.95 EPS for the quarter, topping the consensus estimate of $0.87 by $0.08. The business had revenue of $498.11 million during the quarter, compared to the consensus estimate of $523.85 million. ePlus had a return on equity of 11.23% and a net margin of 4.93%. Equities analysts forecast that ePlus inc. will post 3.78 earnings per share for the current fiscal year.

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.