Versor Investments LP Acquires New Holdings in ePlus inc. (NASDAQ:PLUS)

Versor Investments LP bought a new stake in shares of ePlus inc. (NASDAQ:PLUS) in the fourth quarter, Holdings Channel.com reports. The firm bought 4,300 shares of the software maker’s stock, valued at approximately $318,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. New York State Common Retirement Fund raised its holdings in shares of ePlus by 0.6% during the fourth quarter. New York State Common Retirement Fund now owns 93,711 shares of the software maker’s stock valued at $6,923,000 after buying an additional 600 shares during the last quarter. Principal Financial Group Inc. increased its position in ePlus by 3.3% in the 4th quarter. Principal Financial Group Inc. now owns 137,452 shares of the software maker’s stock valued at $10,155,000 after acquiring an additional 4,425 shares during the period. State of New Jersey Common Pension Fund D raised its stake in ePlus by 26.4% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 26,395 shares of the software maker’s stock valued at $1,950,000 after acquiring an additional 5,517 shares in the last quarter. Vista Finance LLC acquired a new position in ePlus during the 4th quarter worth $316,000. Finally, Rhumbline Advisers grew its stake in shares of ePlus by 0.9% in the fourth quarter. Rhumbline Advisers now owns 75,215 shares of the software maker’s stock worth $5,557,000 after purchasing an additional 664 shares in the last quarter. Institutional investors own 93.80% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com cut shares of ePlus from a “buy” rating to a “hold” rating in a research note on Saturday, February 22nd.

ePlus Trading Down 2.3 %

Shares of NASDAQ:PLUS opened at $62.88 on Tuesday. The company has a 50 day moving average of $74.07 and a 200-day moving average of $84.54. The company has a current ratio of 1.83, a quick ratio of 1.69 and a debt-to-equity ratio of 0.01. The firm has a market cap of $1.67 billion, a P/E ratio of 16.04, a P/E/G ratio of 1.83 and a beta of 1.10. ePlus inc. has a twelve month low of $62.54 and a twelve month high of $106.98.

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

ePlus 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.