XTX Topco Ltd Purchases Shares of 4,556 ePlus inc. (NASDAQ:PLUS)

XTX Topco Ltd acquired a new position in shares of ePlus inc. (NASDAQ:PLUS) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 4,556 shares of the software maker’s stock, valued at approximately $336,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. CWM LLC lifted its position in ePlus by 1,247.7% during the second quarter. CWM LLC now owns 593 shares of the software maker’s stock worth $44,000 after buying an additional 549 shares during the period. YHB Investment Advisors Inc. purchased a new position in shares of ePlus during the 1st quarter worth about $58,000. Innealta Capital LLC purchased a new position in shares of ePlus during the 2nd quarter worth about $66,000. EntryPoint Capital LLC boosted its position in shares of ePlus by 1,236.7% in the first quarter. EntryPoint Capital LLC now owns 1,056 shares of the software maker’s stock worth $83,000 after acquiring an additional 977 shares during the last quarter. Finally, Picton Mahoney Asset Management purchased a new stake in ePlus in the second quarter valued at approximately $156,000. Hedge funds and other institutional investors own 93.80% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Elaine D. Marion sold 5,000 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.41% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of ePlus from a “hold” rating to a “buy” rating in a research note on Tuesday.

ePlus Price Performance

PLUS stock opened at $98.05 on Friday. The company has a market cap of $2.64 billion, a PE ratio of 22.67, a price-to-earnings-growth ratio of 2.11 and a beta of 1.11. 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 stock has a 50-day moving average price of $90.49 and a two-hundred day moving average price of $81.48. ePlus inc. has a 12-month low of $53.53 and a 12-month high of $102.32.

ePlus (NASDAQ:PLUS) last issued its earnings results on Tuesday, August 6th. The software maker reported $1.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.03). The firm had revenue of $544.54 million for the quarter, compared to analysts’ expectations of $555.23 million. ePlus had a return on equity of 12.32% and a net margin of 4.98%. As a group, research analysts predict that ePlus inc. will post 4.67 EPS for the current 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.