Quent Capital LLC Takes Position in ePlus inc. (NASDAQ:PLUS)

Quent Capital LLC acquired a new stake in shares of ePlus inc. (NASDAQ:PLUS) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,268 shares of the software maker’s stock, valued at approximately $94,000.

Several other large investors also recently made changes to their positions in the business. GAMMA Investing LLC boosted its position in shares of ePlus by 203.2% during the 3rd quarter. GAMMA Investing LLC now owns 376 shares of the software maker’s stock valued at $37,000 after purchasing an additional 252 shares in the last quarter. Cascade Investment Advisors Inc. lifted its stake in ePlus by 1.7% during the fourth quarter. Cascade Investment Advisors Inc. now owns 16,004 shares of the software maker’s stock valued at $1,182,000 after buying an additional 275 shares in the last quarter. Larson Financial Group LLC lifted its stake in ePlus by 6,140.0% during the third quarter. Larson Financial Group LLC now owns 312 shares of the software maker’s stock valued at $31,000 after buying an additional 307 shares in the last quarter. Advisors Asset Management Inc. lifted its stake in ePlus by 43.9% during the third quarter. Advisors Asset Management Inc. now owns 1,121 shares of the software maker’s stock valued at $110,000 after buying an additional 342 shares in the last quarter. Finally, KBC Group NV lifted its stake in ePlus by 48.9% during the fourth quarter. KBC Group NV now owns 1,380 shares of the software maker’s stock valued at $102,000 after buying an additional 453 shares in the last quarter. Institutional investors own 93.80% of the company’s stock.

ePlus Price Performance

PLUS stock opened at $68.44 on Thursday. The company has a current ratio of 1.83, a quick ratio of 1.71 and a debt-to-equity ratio of 0.01. ePlus inc. has a one year low of $67.09 and a one year high of $106.98. The firm has a market capitalization of $1.83 billion, a PE ratio of 17.46, a P/E/G ratio of 1.65 and a beta of 1.10. The firm has a 50-day moving average of $76.92 and a two-hundred day moving average of $86.46.

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 analysts’ consensus estimates of $1.28 by ($0.37). ePlus had a return on equity of 11.23% and a net margin of 4.93%. On average, analysts forecast that ePlus inc. will post 4.26 earnings per share for the current year.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of ePlus from a “buy” rating to a “hold” rating in a research note on Friday, November 15th.

About ePlus

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.