Campbell Newman Asset Management Inc. boosted its stake in shares of ePlus Inc. (NASDAQ:PLUS) by 13.7% during the first quarter, Holdings Channel reports. The fund owned 2,039 shares of the company’s stock after buying an additional 246 shares during the period. Campbell Newman Asset Management Inc.’s holdings in ePlus were worth $275,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its position in ePlus by 49,534.5% in the third quarter. JPMorgan Chase & Co. now owns 28,788 shares of the company’s stock valued at $2,719,000 after buying an additional 28,730 shares during the last quarter. New Amsterdam Partners LLC NY purchased a new position in ePlus during the third quarter valued at $4,096,000. BlackRock Fund Advisors raised its position in ePlus by 19.2% in the third quarter. BlackRock Fund Advisors now owns 465,392 shares of the company’s stock valued at $43,938,000 after buying an additional 74,933 shares during the last quarter. Prudential Financial Inc. raised its position in ePlus by 2.2% in the third quarter. Prudential Financial Inc. now owns 60,253 shares of the company’s stock valued at $5,689,000 after buying an additional 1,312 shares during the last quarter. Finally, Russell Investments Group Ltd. purchased a new position in ePlus during the fourth quarter valued at $1,809,000. Institutional investors own 85.77% of the company’s stock.
Shares of ePlus Inc. (NASDAQ:PLUS) traded down 0.08% during trading on Thursday, hitting $64.55. 20,111 shares of the stock traded hands. The company’s 50 day moving average is $116.00 and its 200 day moving average is $109.57. ePlus Inc. has a 52-week low of $63.76 and a 52-week high of $141.00. The firm has a market cap of $914.03 million, a PE ratio of 18.34 and a beta of 1.19.
ePlus (NASDAQ:PLUS) last posted its earnings results on Thursday, February 2nd. The company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.09. ePlus had a return on equity of 16.23% and a net margin of 3.86%. On average, equities research analysts predict that ePlus Inc. will post $3.63 EPS for the current year.
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Several equities analysts have weighed in on PLUS shares. Canaccord Genuity reiterated a “buy” rating and issued a $7.31 target price on shares of ePlus in a report on Tuesday, January 10th. Zacks Investment Research lowered shares of ePlus from a “buy” rating to a “hold” rating in a report on Wednesday, February 8th.
In related news, CFO Elaine D. Marion sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, February 14th. The stock was sold at an average price of $121.77, for a total transaction of $304,425.00. Following the transaction, the chief financial officer now directly owns 44,352 shares of the company’s stock, valued at approximately $5,400,743.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 8.20% of the stock is currently owned by insiders.
ePlus inc. is a holding company. The Company is engaged in the business of selling, leasing, financing and managing information technology. It operates through two segments: technology and financing. The technology segment sells information technology (IT) hardware products, third-party software and maintenance contracts, its own and third-party professional and managed services, and its software.
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