Retirement Guys Formula LLC Makes New $203,000 Investment in ePlus inc. (NASDAQ:PLUS)

Retirement Guys Formula LLC purchased a new position in ePlus inc. (NASDAQ:PLUS) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 2,063 shares of the software maker’s stock, valued at approximately $203,000.

Several other institutional investors also recently added to or reduced their stakes in PLUS. GAMMA Investing LLC increased its position in shares of ePlus by 203.2% during the third quarter. GAMMA Investing LLC now owns 376 shares of the software maker’s stock valued at $37,000 after purchasing an additional 252 shares during the period. CWM LLC increased its position in shares of ePlus by 1,247.7% during the second quarter. CWM LLC now owns 593 shares of the software maker’s stock valued at $44,000 after purchasing an additional 549 shares during the period. Innealta Capital LLC bought a new stake in shares of ePlus during the second quarter valued at approximately $66,000. EntryPoint Capital LLC increased its position in shares of ePlus by 1,236.7% during the first quarter. EntryPoint Capital LLC now owns 1,056 shares of the software maker’s stock valued at $83,000 after purchasing an additional 977 shares during the period. Finally, Picton Mahoney Asset Management bought a new stake in shares of ePlus during the second quarter valued at approximately $156,000. 93.80% of the stock is owned by institutional investors.

ePlus Price Performance

PLUS stock traded down $0.43 during trading on Monday, hitting $97.75. The company had a trading volume of 24,904 shares, compared to its average volume of 189,336. The company has a fifty day moving average price of $94.68 and a two-hundred day moving average price of $83.92. 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 company has a market cap of $2.63 billion, a P/E ratio of 22.38, a P/E/G ratio of 2.13 and a beta of 1.11. ePlus inc. has a fifty-two week low of $53.53 and a fifty-two week high of $102.99.

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

Insiders Place Their Bets

In other ePlus news, CFO Elaine D. Marion sold 5,000 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $92.19, for a total value of $460,950.00. Following the transaction, the chief financial officer now owns 64,442 shares of the company’s stock, valued at approximately $5,940,907.98. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.41% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut ePlus from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd.

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.