589,027 Shares in ePlus inc. (NASDAQ:PLUS) Bought by Mirabella Financial Services LLP

Mirabella Financial Services LLP purchased a new stake in shares of ePlus inc. (NASDAQ:PLUS) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 589,027 shares of the software maker’s stock, valued at approximately $43,517,000. ePlus comprises approximately 3.9% of Mirabella Financial Services LLP’s holdings, making the stock its 3rd largest position.

A number of other institutional investors and hedge funds have also recently modified their holdings of PLUS. Smartleaf Asset Management LLC grew its position in ePlus by 91.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 342 shares of the software maker’s stock worth $25,000 after acquiring an additional 163 shares in the last quarter. Foundry Partners LLC increased its stake in ePlus by 3.8% in the 4th quarter. Foundry Partners LLC now owns 7,469 shares of the software maker’s stock worth $552,000 after buying an additional 274 shares during the period. Cascade Investment Advisors Inc. raised its stake in shares of ePlus by 1.7% during the fourth quarter. Cascade Investment Advisors Inc. now owns 16,004 shares of the software maker’s stock valued at $1,182,000 after acquiring an additional 275 shares in the last quarter. Jones Financial Companies Lllp raised its position in ePlus by 256.8% during the 4th quarter. Jones Financial Companies Lllp now owns 421 shares of the software maker’s stock valued at $31,000 after purchasing an additional 303 shares in the last quarter. Finally, Huntington National Bank raised its holdings in shares of ePlus by 35.8% in the fourth quarter. Huntington National Bank now owns 1,168 shares of the software maker’s stock valued at $86,000 after acquiring an additional 308 shares in the last quarter. 93.80% of the stock is owned by hedge funds and other institutional investors.

ePlus Stock Performance

Shares of PLUS opened at $59.08 on Friday. The stock has a fifty day moving average price of $63.21 and a 200-day moving average price of $76.59. ePlus inc. has a 12 month low of $53.83 and a 12 month high of $106.98. The firm has a market cap of $1.57 billion, a PE ratio of 15.07, a P/E/G ratio of 1.83 and a beta of 1.12. 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 (NASDAQ:PLUS) last issued its quarterly 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 net margin of 4.93% and a return on equity of 11.23%. Equities research analysts predict that ePlus inc. will post 3.78 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com upgraded ePlus from a “hold” rating to a “buy” rating in a report on Friday.

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.