Inspire Investing LLC Grows Holdings in ePlus inc. (NASDAQ:PLUS)

Inspire Investing LLC boosted its holdings in shares of ePlus inc. (NASDAQ:PLUS) by 3.2% during the 2nd quarter, HoldingsChannel reports. The firm owned 5,353 shares of the software maker’s stock after purchasing an additional 168 shares during the period. Inspire Investing LLC’s holdings in ePlus were worth $394,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. XTX Topco Ltd purchased a new position in shares of ePlus in the 2nd quarter valued at approximately $336,000. Hsbc Holdings PLC grew its position in ePlus by 21.6% in the 2nd quarter. Hsbc Holdings PLC now owns 5,134 shares of the software maker’s stock valued at $374,000 after buying an additional 912 shares during the last quarter. Lumbard & Kellner LLC grew its position in ePlus by 0.9% in the 2nd quarter. Lumbard & Kellner LLC now owns 31,589 shares of the software maker’s stock valued at $2,327,000 after buying an additional 274 shares during the last quarter. GHP Investment Advisors Inc. increased its stake in ePlus by 4.7% in the 2nd quarter. GHP Investment Advisors Inc. now owns 102,071 shares of the software maker’s stock valued at $7,521,000 after buying an additional 4,588 shares during the period. Finally, American Century Companies Inc. raised its position in ePlus by 75.5% during the 2nd quarter. American Century Companies Inc. now owns 487,069 shares of the software maker’s stock worth $35,887,000 after buying an additional 209,511 shares during the last quarter. 93.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of ePlus from a “buy” rating to a “hold” rating in a report on Friday, August 16th.

Insider Activity

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

ePlus Stock Performance

Shares of PLUS stock opened at $98.92 on Friday. The company has a current ratio of 2.01, a quick ratio of 1.87 and a debt-to-equity ratio of 0.01. The stock has a 50 day simple moving average of $89.50 and a 200-day simple moving average of $81.11. The company has a market cap of $2.67 billion, a price-to-earnings ratio of 22.85, a price-to-earnings-growth ratio of 1.86 and a beta of 1.11. ePlus inc. has a 12-month low of $53.53 and a 12-month high of $102.32.

ePlus (NASDAQ:PLUS) last released its quarterly earnings data on Tuesday, August 6th. The software maker reported $1.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by ($0.03). ePlus had a return on equity of 12.32% and a net margin of 4.98%. The business had revenue of $544.54 million during the quarter, compared to analysts’ expectations of $555.23 million. On average, equities analysts forecast that ePlus inc. will post 4.67 EPS for the current 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.