Martingale Asset Management L P Increases Holdings in ePlus inc. (NASDAQ:PLUS)

Martingale Asset Management L P grew its holdings in shares of ePlus inc. (NASDAQ:PLUS) by 2.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 46,032 shares of the software maker’s stock after purchasing an additional 1,139 shares during the period. Martingale Asset Management L P’s holdings in ePlus were worth $3,401,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Abacus FCF Advisors LLC lifted its holdings in shares of ePlus by 45.9% in the 4th quarter. Abacus FCF Advisors LLC now owns 19,697 shares of the software maker’s stock valued at $1,455,000 after purchasing an additional 6,200 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in shares of ePlus in the 4th quarter valued at about $1,374,000. Bank of Montreal Can lifted its holdings in shares of ePlus by 45.5% in the 4th quarter. Bank of Montreal Can now owns 4,926 shares of the software maker’s stock valued at $364,000 after purchasing an additional 1,541 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of ePlus by 85.3% in the 4th quarter. Envestnet Asset Management Inc. now owns 90,616 shares of the software maker’s stock valued at $6,695,000 after purchasing an additional 41,710 shares during the last quarter. Finally, Aviva PLC lifted its holdings in shares of ePlus by 10.7% in the 4th quarter. Aviva PLC now owns 7,605 shares of the software maker’s stock valued at $562,000 after purchasing an additional 735 shares during the last quarter. 93.80% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

ePlus Stock Performance

Shares of PLUS stock opened at $59.41 on Thursday. The stock has a market capitalization of $1.58 billion, a PE ratio of 15.16, a price-to-earnings-growth ratio of 1.83 and a beta of 1.12. ePlus inc. has a 52-week low of $53.83 and a 52-week high of $106.98. The stock’s 50-day moving average price is $65.44 and its 200 day moving average price is $78.48. The company has a quick ratio of 1.69, a current ratio of 1.83 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 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, equities research analysts forecast that ePlus inc. will post 3.78 EPS for the current year.

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.