Bessemer Group Inc. Has $9.02 Million Stake in ePlus inc. (NASDAQ:PLUS)

Bessemer Group Inc. lifted its holdings in ePlus inc. (NASDAQ:PLUS) by 1.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 122,063 shares of the software maker’s stock after acquiring an additional 1,500 shares during the quarter. Bessemer Group Inc. owned approximately 0.46% of ePlus worth $9,018,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of PLUS. Smartleaf Asset Management LLC raised its position in ePlus by 91.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 342 shares of the software maker’s stock valued at $25,000 after purchasing an additional 163 shares during the last quarter. Jones Financial Companies Lllp increased its stake in shares of ePlus by 256.8% in the fourth 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 in the last quarter. National Bank of Canada FI bought a new position in shares of ePlus in the third quarter valued at about $76,000. Meeder Asset Management Inc. acquired a new position in ePlus during the 4th quarter worth about $61,000. Finally, Huntington National Bank grew its holdings in ePlus by 35.8% during the 4th quarter. Huntington National Bank now owns 1,168 shares of the software maker’s stock worth $86,000 after acquiring an additional 308 shares during the last quarter. 93.80% of the stock is currently owned by institutional investors.

ePlus Stock Down 2.6 %

Shares of PLUS opened at $57.84 on Friday. The business’s fifty day moving average price is $65.01 and its two-hundred day moving average price is $78.20. The firm has a market capitalization of $1.54 billion, a price-to-earnings ratio of 14.76, a PEG ratio of 1.83 and a beta of 1.12. ePlus inc. has a 52 week low of $53.83 and a 52 week high of $106.98. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.69 and a current ratio of 1.83.

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

Analyst Ratings Changes

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

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.