Cwm LLC Has $158,000 Stock Holdings in ePlus inc. (NASDAQ:PLUS)

Cwm LLC lifted its position in ePlus inc. (NASDAQ:PLUS) by 170.2% in the third quarter, Holdings Channel.com reports. The institutional investor owned 1,602 shares of the software maker’s stock after purchasing an additional 1,009 shares during the period. Cwm LLC’s holdings in ePlus were worth $158,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of PLUS. Vanguard Group Inc. raised its holdings in ePlus by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 2,403,588 shares of the software maker’s stock worth $191,902,000 after acquiring an additional 27,582 shares during the period. American Century Companies Inc. increased its stake in shares of ePlus by 75.5% in the second quarter. American Century Companies Inc. now owns 487,069 shares of the software maker’s stock worth $35,887,000 after purchasing an additional 209,511 shares during the period. Millennium Management LLC increased its stake in shares of ePlus by 4,036.0% in the second quarter. Millennium Management LLC now owns 251,430 shares of the software maker’s stock worth $18,525,000 after purchasing an additional 245,351 shares during the period. Swedbank AB acquired a new position in shares of ePlus during the 1st quarter worth about $15,315,000. Finally, Principal Financial Group Inc. boosted its stake in ePlus by 4.6% during the 1st quarter. Principal Financial Group Inc. now owns 146,788 shares of the software maker’s stock valued at $11,529,000 after purchasing an additional 6,468 shares during the period. 93.80% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other news, CFO Elaine D. Marion sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $92.19, for a total transaction of $460,950.00. Following the sale, the chief financial officer now directly owns 64,442 shares in the company, 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 SEC, which is accessible through the SEC website. Corporate insiders own 2.41% of the company’s stock.

ePlus Stock Performance

NASDAQ PLUS opened at $97.59 on Thursday. The company’s fifty day moving average is $95.22 and its two-hundred day moving average is $84.31. ePlus inc. has a 52-week low of $53.53 and a 52-week high of $102.99. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.01 and a quick ratio of 1.87. The firm has a market capitalization of $2.63 billion, a price-to-earnings ratio of 22.54, a P/E/G ratio of 2.13 and a beta of 1.11.

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

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.