AXQ Capital LP Makes New $218,000 Investment in ePlus inc. (NASDAQ:PLUS)

AXQ Capital LP bought a new position in ePlus inc. (NASDAQ:PLUS) in the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 2,950 shares of the software maker’s stock, valued at approximately $218,000.

Several other institutional investors have also modified their holdings of the stock. Smartleaf Asset Management LLC increased its position in ePlus by 91.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 342 shares of the software maker’s stock worth $25,000 after purchasing an additional 163 shares during the last quarter. Larson Financial Group LLC increased its holdings in shares of ePlus by 6,140.0% during the 3rd quarter. Larson Financial Group LLC now owns 312 shares of the software maker’s stock worth $31,000 after buying an additional 307 shares during the last quarter. Jones Financial Companies Lllp raised its position in shares of ePlus by 256.8% during the 4th quarter. Jones Financial Companies Lllp now owns 421 shares of the software maker’s stock valued at $31,000 after buying an additional 303 shares during the period. National Bank of Canada FI purchased a new stake in shares of ePlus during the 3rd quarter valued at approximately $76,000. Finally, Quent Capital LLC acquired a new position in ePlus in the fourth quarter valued at approximately $94,000. Hedge funds and other institutional investors own 93.80% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com downgraded ePlus from a “buy” rating to a “hold” rating in a research report on Wednesday, March 19th.

ePlus Price Performance

Shares of PLUS opened at $65.96 on Tuesday. The firm has a 50-day simple moving average of $71.01 and a two-hundred day simple moving average of $81.51. The stock has a market cap of $1.76 billion, a PE ratio of 16.83, a P/E/G ratio of 1.83 and a beta of 1.15. ePlus inc. has a 1-year low of $61.75 and a 1-year high of $106.98. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.83 and a quick ratio of 1.69.

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

ePlus Company 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.