Public Sector Pension Investment Board Grows Stock Holdings in ePlus inc. (NASDAQ:PLUS)

Public Sector Pension Investment Board increased its holdings in shares of ePlus inc. (NASDAQ:PLUS) by 7.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 58,591 shares of the software maker’s stock after purchasing an additional 3,973 shares during the period. Public Sector Pension Investment Board owned 0.22% of ePlus worth $4,317,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in PLUS. Arizona State Retirement System boosted its position in shares of ePlus by 1.9% in the second quarter. Arizona State Retirement System now owns 7,546 shares of the software maker’s stock worth $556,000 after buying an additional 144 shares during the period. Inspire Investing LLC boosted its holdings in ePlus by 3.2% in the 2nd quarter. Inspire Investing LLC now owns 5,353 shares of the software maker’s stock worth $394,000 after acquiring an additional 168 shares during the period. Louisiana State Employees Retirement System boosted its holdings in ePlus by 1.5% in the 2nd quarter. Louisiana State Employees Retirement System now owns 13,400 shares of the software maker’s stock worth $987,000 after acquiring an additional 200 shares during the period. SummerHaven Investment Management LLC raised its stake in shares of ePlus by 1.6% during the second quarter. SummerHaven Investment Management LLC now owns 13,020 shares of the software maker’s stock valued at $959,000 after purchasing an additional 203 shares during the period. Finally, Lumbard & Kellner LLC lifted its position in shares of ePlus by 0.9% during the second quarter. Lumbard & Kellner LLC now owns 31,589 shares of the software maker’s stock worth $2,327,000 after purchasing an additional 274 shares in the last quarter. 93.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Elaine D. Marion sold 5,000 shares of ePlus stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $92.19, for a total value of $460,950.00. Following the completion of the transaction, the chief financial officer now directly owns 64,442 shares in the company, valued at $5,940,907.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.41% of the company’s stock.

ePlus Trading Up 1.6 %

Shares of PLUS opened at $98.05 on Friday. ePlus inc. has a one year low of $53.53 and a one year high of $102.32. The stock has a 50-day moving average price of $90.49 and a 200 day moving average price of $81.48. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.87 and a current ratio of 2.01. The company has a market capitalization of $2.64 billion, a P/E ratio of 22.64, a P/E/G ratio of 2.11 and a beta of 1.11.

ePlus (NASDAQ:PLUS) last released its quarterly earnings results on Tuesday, August 6th. The software maker reported $1.02 earnings per share for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.03). ePlus had a return on equity of 12.32% and a net margin of 4.98%. The company had revenue of $544.54 million for the quarter, compared to analyst estimates of $555.23 million. Sell-side analysts forecast that ePlus inc. will post 4.67 EPS for the current fiscal year.

Analysts Set New Price Targets

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

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.