EntryPoint Capital LLC Purchases New Holdings in ePlus inc. (NASDAQ:PLUS)

EntryPoint Capital LLC acquired a new position in ePlus inc. (NASDAQ:PLUS) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 5,005 shares of the software maker’s stock, valued at approximately $370,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. FMR LLC grew its stake in shares of ePlus by 70.9% in the 3rd quarter. FMR LLC now owns 1,117,812 shares of the software maker’s stock worth $109,926,000 after buying an additional 463,621 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of ePlus by 20.4% in the third quarter. Wellington Management Group LLP now owns 968,998 shares of the software maker’s stock worth $95,291,000 after acquiring an additional 164,016 shares during the last quarter. Swedbank AB bought a new position in shares of ePlus during the fourth quarter valued at $11,082,000. American Century Companies Inc. raised its position in shares of ePlus by 18.2% in the 4th quarter. American Century Companies Inc. now owns 790,332 shares of the software maker’s stock worth $58,390,000 after purchasing an additional 121,945 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in ePlus in the 4th quarter worth about $8,683,000. Institutional investors own 93.80% of the company’s stock.

ePlus Stock Performance

PLUS stock opened at $64.74 on Thursday. The stock’s 50 day simple moving average is $70.44 and its 200 day simple moving average is $81.23. 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 inc. has a 12-month low of $61.75 and a 12-month high of $106.98. The stock has a market capitalization of $1.72 billion, a PE ratio of 16.52, a price-to-earnings-growth ratio of 1.83 and a beta of 1.15.

ePlus (NASDAQ:PLUS) last released its quarterly earnings data on Wednesday, February 5th. The software maker reported $0.91 EPS for the quarter, missing the consensus estimate of $1.28 by ($0.37). ePlus had a net margin of 4.93% and a return on equity of 11.23%. As a group, research analysts forecast that ePlus inc. will post 3.78 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of ePlus from a “hold” rating to a “buy” rating in a research note on Thursday.

About ePlus

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.