ePlus inc. (NASDAQ:PLUS) Shares Acquired by Bridge City Capital LLC

Bridge City Capital LLC boosted its position in ePlus inc. (NASDAQ:PLUS) by 1.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,272 shares of the software maker’s stock after purchasing an additional 342 shares during the period. Bridge City Capital LLC owned about 0.14% of ePlus worth $2,680,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in PLUS. Smartleaf Asset Management LLC raised its stake in shares of ePlus by 91.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 342 shares of the software maker’s stock worth $25,000 after buying an additional 163 shares in the last quarter. Larson Financial Group LLC boosted its position in shares of ePlus by 6,140.0% during the 3rd quarter. Larson Financial Group LLC now owns 312 shares of the software maker’s stock worth $31,000 after purchasing an additional 307 shares in the last quarter. Jones Financial Companies Lllp grew its stake in shares of ePlus by 256.8% during the 4th quarter. Jones Financial Companies Lllp now owns 421 shares of the software maker’s stock worth $31,000 after purchasing an additional 303 shares during the period. National Bank of Canada FI purchased a new position in shares of ePlus in the 3rd quarter valued at about $76,000. Finally, Quent Capital LLC purchased a new position in shares of ePlus in the 4th quarter valued at about $94,000. Hedge funds and other institutional investors own 93.80% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of ePlus from a “buy” rating to a “hold” rating in a research report on Wednesday.

ePlus Stock Performance

Shares of PLUS stock opened at $64.15 on Friday. The stock has a fifty day moving average price of $71.24 and a 200 day moving average price of $81.74. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.69 and a current ratio of 1.83. The stock has a market cap of $1.71 billion, a PE ratio of 16.36, a P/E/G ratio of 1.83 and a beta of 1.15. ePlus inc. has a 1 year low of $61.75 and a 1 year high of $106.98.

ePlus (NASDAQ:PLUS) last released its quarterly earnings results on Wednesday, February 5th. The software maker reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.28 by ($0.37). ePlus had a return on equity of 11.23% and a net margin of 4.93%. Sell-side analysts forecast that ePlus inc. will post 3.78 earnings per share for the current fiscal year.

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.