ePlus inc. (NASDAQ:PLUS) Shares Purchased by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D boosted its position in ePlus inc. (NASDAQ:PLUSGet Rating) by 15.8% in the third quarter, HoldingsChannel.com reports. The firm owned 47,846 shares of the software maker’s stock after purchasing an additional 6,542 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in ePlus were worth $1,988,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue boosted its stake in ePlus by 8.7% during the second quarter. State of Alaska Department of Revenue now owns 20,338 shares of the software maker’s stock valued at $1,080,000 after buying an additional 1,635 shares in the last quarter. New Century Advisors LLC grew its position in ePlus by 342.1% in the second quarter. New Century Advisors LLC now owns 3,254 shares of the software maker’s stock worth $173,000 after buying an additional 2,518 shares during the last quarter. Campbell Newman Asset Management Inc. increased its holdings in shares of ePlus by 2.4% in the third quarter. Campbell Newman Asset Management Inc. now owns 23,062 shares of the software maker’s stock valued at $958,000 after buying an additional 543 shares in the last quarter. Geneva Capital Management LLC lifted its position in shares of ePlus by 13.7% during the 2nd quarter. Geneva Capital Management LLC now owns 1,323,147 shares of the software maker’s stock valued at $70,285,000 after acquiring an additional 159,361 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its stake in shares of ePlus by 30.8% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,080 shares of the software maker’s stock worth $110,000 after acquiring an additional 490 shares in the last quarter. 93.58% of the stock is owned by institutional investors.

ePlus Stock Performance

ePlus stock opened at $49.34 on Friday. ePlus inc. has a fifty-two week low of $40.37 and a fifty-two week high of $62.82. The firm’s 50 day simple moving average is $47.24 and its 200-day simple moving average is $47.66. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.76 and a quick ratio of 1.31. The company has a market cap of $1.33 billion, a P/E ratio of 12.98 and a beta of 1.26.

ePlus (NASDAQ:PLUSGet Rating) last posted its quarterly earnings data on Thursday, November 3rd. The software maker reported $1.07 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.25. The firm had revenue of $493.71 million for the quarter, compared to analysts’ expectations of $484.40 million. ePlus had a net margin of 5.35% and a return on equity of 15.14%. As a group, equities research analysts predict that ePlus inc. will post 3.74 EPS for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on ePlus in a report on Wednesday, October 12th. They set a “hold” rating for the company.

Insider Activity

In related news, Director John E. Callies sold 1,600 shares of the stock in a transaction dated Wednesday, November 9th. The stock was sold at an average price of $48.08, for a total value of $76,928.00. Following the completion of the sale, the director now directly owns 21,548 shares of the company’s stock, valued at approximately $1,036,027.84. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.27% of the stock is currently owned by corporate insiders.

ePlus Company Profile

(Get Rating)

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 in two segments, Technology and Financing. The Technology segment offers hardware, perpetual and subscription software, maintenance, software assurance, and internally provided and outsourced services; and professional and managed services, including managed, professional, security solutions, cloud consulting and hosting, staff augmentation, server and desktop support, and project management services.

Further Reading

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Institutional Ownership by Quarter for ePlus (NASDAQ:PLUS)

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