ePlus inc. (NASDAQ:PLUS) Shares Bought by Abacus FCF Advisors LLC

Abacus FCF Advisors LLC lifted its holdings in shares of ePlus inc. (NASDAQ:PLUS) by 45.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,697 shares of the software maker’s stock after buying an additional 6,200 shares during the period. Abacus FCF Advisors LLC’s holdings in ePlus were worth $1,455,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of PLUS. HighTower Advisors LLC acquired a new stake in ePlus in the third quarter valued at $227,000. Versor Investments LP acquired a new stake in shares of ePlus in the fourth quarter valued at about $318,000. Principal Financial Group Inc. boosted its holdings in ePlus by 3.3% during the fourth quarter. Principal Financial Group Inc. now owns 137,452 shares of the software maker’s stock worth $10,155,000 after buying an additional 4,425 shares in the last quarter. Raymond James Financial Inc. acquired a new position in ePlus during the fourth quarter worth about $8,683,000. Finally, EntryPoint Capital LLC purchased a new position in ePlus in the fourth quarter valued at about $370,000. 93.80% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

ePlus Trading Down 2.9 %

NASDAQ:PLUS opened at $54.77 on Wednesday. The company has a market capitalization of $1.46 billion, a PE ratio of 13.97, a price-to-earnings-growth ratio of 1.83 and a beta of 1.12. ePlus inc. has a 52-week low of $53.83 and a 52-week high of $106.98. The stock has a fifty day simple moving average of $66.25 and a 200-day simple moving average of $78.88. The company has a quick ratio of 1.69, a current ratio of 1.83 and a debt-to-equity ratio of 0.01.

ePlus (NASDAQ:PLUS) last announced its earnings results on Wednesday, February 5th. The software maker reported $0.91 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.37). ePlus had a return on equity of 11.23% and a net margin of 4.93%. On average, equities research analysts expect that ePlus inc. will post 3.78 earnings per share for the current fiscal 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.