ePlus Inc. (PLUS) Position Increased by Campbell Newman Asset Management Inc.

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.

Institutional Ownership by Quarter for ePlus (NASDAQ:PLUS)

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.

ILLEGAL ACTIVITY NOTICE: “ePlus Inc. (PLUS) Position Increased by Campbell Newman Asset Management Inc.” was first reported by sleekmoney and is owned by of sleekmoney. If you are accessing this piece of content on another publication, it was illegally copied and reposted in violation of US & international copyright and trademark laws. The legal version of this piece of content can be viewed at https://sleekmoney.com/eplus-inc-plus-position-increased-by-campbell-newman-asset-management-inc/1739326.html.

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.

About ePlus

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.

5 Day Chart for NASDAQ:PLUS

Want to see what other hedge funds are holding PLUS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ePlus Inc. (NASDAQ:PLUS).

This story was originally published by sleekmoney (https://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://sleekmoney.com/eplus-inc-plus-position-increased-by-campbell-newman-asset-management-inc/1739326.html

Receive News & Ratings for ePlus Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ePlus Inc. and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply

Your email address will not be published. Required fields are marked *