Assetmark Inc. Buys 699 Shares of ePlus inc. (NASDAQ:PLUS)

Assetmark Inc. raised its stake in ePlus inc. (NASDAQ:PLUS) by 3.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,943 shares of the software maker’s stock after purchasing an additional 699 shares during the quarter. Assetmark Inc. owned approximately 0.07% of ePlus worth $1,863,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Arizona State Retirement System grew its stake in shares of ePlus by 1.9% in the second quarter. Arizona State Retirement System now owns 7,546 shares of the software maker’s stock valued at $556,000 after buying an additional 144 shares in the last quarter. Inspire Investing LLC increased its stake in shares of ePlus by 3.2% during the 2nd quarter. Inspire Investing LLC now owns 5,353 shares of the software maker’s stock worth $394,000 after purchasing an additional 168 shares during the last quarter. Louisiana State Employees Retirement System raised its holdings in shares of ePlus by 1.5% in the 2nd quarter. Louisiana State Employees Retirement System now owns 13,400 shares of the software maker’s stock valued at $987,000 after purchasing an additional 200 shares during the period. SummerHaven Investment Management LLC lifted its stake in ePlus by 1.6% in the 2nd quarter. SummerHaven Investment Management LLC now owns 13,020 shares of the software maker’s stock valued at $959,000 after purchasing an additional 203 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in ePlus by 203.2% during the third quarter. GAMMA Investing LLC now owns 376 shares of the software maker’s stock worth $37,000 after purchasing an additional 252 shares during the period. Institutional investors and hedge funds own 93.80% of the company’s stock.

ePlus Price Performance

NASDAQ:PLUS opened at $79.98 on Thursday. The firm’s fifty day moving average price is $95.66 and its two-hundred day moving average price is $86.11. 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 company has a market cap of $2.15 billion, a P/E ratio of 20.82, a P/E/G ratio of 2.04 and a beta of 1.13. ePlus inc. has a one year low of $56.33 and a one year high of $106.98.

ePlus (NASDAQ:PLUS) last announced its quarterly earnings results on Tuesday, November 12th. The software maker reported $1.17 EPS for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.12). The company had revenue of $515.17 million during the quarter, compared to analyst estimates of $576.50 million. ePlus had a net margin of 5.08% and a return on equity of 11.98%. Equities analysts expect that ePlus inc. will post 4.67 earnings per share for the current year.

Insider Activity

In other ePlus news, CFO Elaine D. Marion sold 5,000 shares of the stock in a transaction 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 transaction, the chief financial officer now owns 64,442 shares in the company, valued at $5,940,907.98. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.02% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered ePlus from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th.

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.