Alliancebernstein L.P. Acquires 1,580 Shares of ePlus (PLUS)

Alliancebernstein L.P. grew its holdings in shares of ePlus (NASDAQ:PLUS) by 5.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 33,460 shares of the software maker’s stock after purchasing an additional 1,580 shares during the quarter. Alliancebernstein L.P. owned about 0.24% of ePlus worth $2,516,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. American International Group Inc. raised its holdings in shares of ePlus by 7.0% during the 3rd quarter. American International Group Inc. now owns 10,527 shares of the software maker’s stock valued at $973,000 after purchasing an additional 687 shares in the last quarter. Bowling Portfolio Management LLC raised its holdings in shares of ePlus by 5.6% during the 4th quarter. Bowling Portfolio Management LLC now owns 15,921 shares of the software maker’s stock valued at $1,197,000 after purchasing an additional 851 shares in the last quarter. New York State Common Retirement Fund raised its holdings in shares of ePlus by 3.9% during the 3rd quarter. New York State Common Retirement Fund now owns 23,713 shares of the software maker’s stock valued at $2,192,000 after purchasing an additional 882 shares in the last quarter. California Public Employees Retirement System raised its holdings in shares of ePlus by 1.3% during the 3rd quarter. California Public Employees Retirement System now owns 68,004 shares of the software maker’s stock valued at $6,287,000 after purchasing an additional 904 shares in the last quarter. Finally, Thomson Horstmann & Bryant Inc. raised its holdings in ePlus by 0.7% in the 4th quarter. Thomson Horstmann & Bryant Inc. now owns 145,157 shares of the software maker’s stock worth $10,915,000 after acquiring an additional 950 shares during the period. Institutional investors and hedge funds own 91.32% of the company’s stock.

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Shares of PLUS opened at $76.15 on Friday. The firm has a market capitalization of $1,071.95, a P/E ratio of 20.36 and a beta of 1.15. ePlus has a one year low of $63.76 and a one year high of $97.75. The company has a current ratio of 1.59, a quick ratio of 1.44 and a debt-to-equity ratio of 0.01.

ePlus (NASDAQ:PLUS) last announced its earnings results on Wednesday, February 7th. The software maker reported $0.97 EPS for the quarter, topping the consensus estimate of $0.84 by $0.13. The firm had revenue of $342.57 million for the quarter, compared to the consensus estimate of $344.25 million. ePlus had a net margin of 4.01% and a return on equity of 15.06%. research analysts expect that ePlus will post 4.13 EPS for the current fiscal year.

Several research analysts recently commented on the stock. BidaskClub upgraded shares of ePlus from a “sell” rating to a “hold” rating in a report on Tuesday, January 16th. Zacks Investment Research upgraded shares of ePlus from a “strong sell” rating to a “hold” rating in a report on Thursday, January 4th. Finally, Sidoti upgraded shares of ePlus from a “neutral” rating to a “buy” rating in a report on Friday, February 9th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. ePlus has an average rating of “Buy” and an average target price of $78.00.

In other ePlus news, CEO Mark P. Marron sold 17,973 shares of the firm’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $75.29, for a total value of $1,353,187.17. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Lawrence S. Herman sold 500 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $74.47, for a total transaction of $37,235.00. The disclosure for this sale can be found here. Insiders sold a total of 21,473 shares of company stock worth $1,631,772 in the last quarter. Insiders own 3.25% of the company’s stock.

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ePlus Company Profile

ePlus inc., an engineering-centric technology solutions provider, provides information technology (IT) products and services, flexible leasing and financing solutions, and enterprise supply management in the United States. It operates through two segments, Technology and Financing. The Technology segment sells IT products, such as hardware, software, maintenance, software assurance, and services; and offers advanced professional and managed services, including data center infrastructure, networking, security, cloud, and collaboration, as well as ePlus managed, professional, security, staff augmentation, server and desktop support, and project management services.

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Institutional Ownership by Quarter for ePlus (NASDAQ:PLUS)

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