Cornerstone Investment Partners LLC Buys Shares of 2,535 ePlus inc. (NASDAQ:PLUS)

Cornerstone Investment Partners LLC bought a new stake in shares of ePlus inc. (NASDAQ:PLUS) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 2,535 shares of the software maker’s stock, valued at approximately $202,000.

Other institutional investors have also added to or reduced their stakes in the company. Exchange Traded Concepts LLC purchased a new stake in ePlus during the 3rd quarter valued at $27,000. Advisors Asset Management Inc. bought a new position in shares of ePlus during the 3rd quarter valued at $28,000. Operose Advisors LLC bought a new position in shares of ePlus during the 3rd quarter valued at $33,000. Point72 Middle East FZE bought a new position in shares of ePlus during the 4th quarter valued at $35,000. Finally, Point72 Hong Kong Ltd lifted its holdings in shares of ePlus by 862.6% during the 2nd quarter. Point72 Hong Kong Ltd now owns 953 shares of the software maker’s stock valued at $51,000 after buying an additional 854 shares during the period. 93.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on PLUS. Stifel Nicolaus increased their price target on ePlus from $70.00 to $80.00 and gave the company a “hold” rating in a report on Monday, April 15th. Sidoti cut ePlus from a “buy” rating to a “neutral” rating and set a $83.00 target price on the stock. in a report on Monday, January 8th.

ePlus Price Performance

Shares of ePlus stock opened at $75.37 on Friday. ePlus inc. has a one year low of $41.71 and a one year high of $83.57. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.59 and a current ratio of 1.93. The stock has a market cap of $2.03 billion, a P/E ratio of 15.90 and a beta of 1.18. The stock’s fifty day moving average is $78.34 and its 200 day moving average is $72.92.

ePlus (NASDAQ:PLUS) last issued its quarterly earnings results on Tuesday, February 6th. The software maker reported $1.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.24 by ($0.22). ePlus had a return on equity of 15.26% and a net margin of 5.86%. The business had revenue of $509.06 million during the quarter, compared to analysts’ expectations of $598.25 million. Sell-side analysts anticipate that ePlus inc. will post 4.59 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director John E. Callies sold 1,308 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $79.17, for a total transaction of $103,554.36. Following the completion of the transaction, the director now owns 20,493 shares in the company, valued at $1,622,430.81. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 2.41% of the stock is currently owned by company insiders.

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 in two segments, Technology and Financing. The Technology segment offers hardware, perpetual and subscription software, maintenance, software assurance, and internally provided and outsourced services; and professional and managed services, including managed, professional, security solutions, cloud consulting and hosting, staff augmentation, storage-as-a-service, server and desktop support, and project management services.