Vanguard Group Inc. Has $191.90 Million Position in ePlus inc. (NASDAQ:PLUS)

Vanguard Group Inc. raised its holdings in ePlus inc. (NASDAQ:PLUS) by 1.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,403,588 shares of the software maker’s stock after acquiring an additional 27,582 shares during the quarter. Vanguard Group Inc. owned about 8.92% of ePlus worth $191,902,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of PLUS. Ellsworth Advisors LLC boosted its position in shares of ePlus by 2.2% in the 4th quarter. Ellsworth Advisors LLC now owns 6,102 shares of the software maker’s stock worth $487,000 after purchasing an additional 134 shares during the last quarter. SummerHaven Investment Management LLC grew its position in shares of ePlus by 1.1% during the 4th quarter. SummerHaven Investment Management LLC now owns 12,696 shares of the software maker’s stock worth $1,014,000 after buying an additional 143 shares during the period. Atria Wealth Solutions Inc. increased its stake in shares of ePlus by 3.4% in the 4th quarter. Atria Wealth Solutions Inc. now owns 6,246 shares of the software maker’s stock valued at $499,000 after acquiring an additional 204 shares during the last quarter. Franklin Resources Inc. raised its position in shares of ePlus by 2.4% in the 4th quarter. Franklin Resources Inc. now owns 15,418 shares of the software maker’s stock valued at $1,231,000 after acquiring an additional 362 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in ePlus by 3.9% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,123 shares of the software maker’s stock valued at $968,000 after purchasing an additional 454 shares during the period. Institutional investors and hedge funds own 93.80% of the company’s stock.

Insider Activity at ePlus

In other ePlus news, COO Darren S. Raiguel sold 4,833 shares of the business’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $80.37, for a total transaction of $388,428.21. Following the sale, the chief operating officer now directly owns 33,290 shares of the company’s stock, valued at approximately $2,675,517.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CFO Elaine D. Marion sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $73.45, for a total value of $367,250.00. Following the completion of the sale, the chief financial officer now directly owns 53,996 shares of the company’s stock, valued at $3,966,006.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Darren S. Raiguel sold 4,833 shares of the stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $80.37, for a total transaction of $388,428.21. Following the completion of the transaction, the chief operating officer now directly owns 33,290 shares in the company, valued at $2,675,517.30. The disclosure for this sale can be found here. 2.41% of the stock is owned by insiders.

Analysts Set New Price Targets

Separately, Stifel Nicolaus increased their target price on shares of ePlus from $80.00 to $90.00 and gave the stock a “hold” rating in a report on Thursday, May 23rd.

ePlus Trading Up 0.0 %

NASDAQ PLUS opened at $73.66 on Wednesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.94 and a quick ratio of 1.73. The stock’s 50-day moving average is $76.20 and its 200-day moving average is $77.28. ePlus inc. has a one year low of $53.53 and a one year high of $83.57. The firm has a market cap of $1.99 billion, a P/E ratio of 17.01 and a beta of 1.10.

ePlus (NASDAQ:PLUS) last released its earnings results on Wednesday, May 22nd. The software maker reported $0.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.26). The firm had revenue of $554.46 million for the quarter, compared to the consensus estimate of $553.05 million. ePlus had a return on equity of 13.47% and a net margin of 5.20%. Sell-side analysts anticipate that ePlus inc. will post 4.8 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 in two segments, Technology and Financing. The Technology segment offers hardware, perpetual and subscription software, maintenance, software assurance, and internally provided and outsourced services; and professional and managed services, including managed, professional, security solutions, cloud consulting and hosting, staff augmentation, storage-as-a-service, server and desktop support, and project management services.