Meeder Asset Management Inc. Makes New Investment in ePlus inc. (NASDAQ:PLUS)

Meeder Asset Management Inc. bought a new position in ePlus inc. (NASDAQ:PLUS) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 824 shares of the software maker’s stock, valued at approximately $61,000.

Several other hedge funds have also recently made changes to their positions in PLUS. Smartleaf Asset Management LLC increased its stake in ePlus by 91.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 342 shares of the software maker’s stock worth $25,000 after acquiring an additional 163 shares during the last quarter. Cascade Investment Advisors Inc. increased its position in shares of ePlus by 1.7% during the 4th quarter. Cascade Investment Advisors Inc. now owns 16,004 shares of the software maker’s stock valued at $1,182,000 after purchasing an additional 275 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in ePlus by 256.8% during the 4th quarter. Jones Financial Companies Lllp now owns 421 shares of the software maker’s stock valued at $31,000 after buying an additional 303 shares during the period. Bridge City Capital LLC lifted its position in ePlus by 1.0% in the fourth quarter. Bridge City Capital LLC now owns 36,272 shares of the software maker’s stock worth $2,680,000 after buying an additional 342 shares during the last quarter. Finally, KBC Group NV lifted its position in ePlus by 48.9% in the fourth quarter. KBC Group NV now owns 1,380 shares of the software maker’s stock worth $102,000 after buying an additional 453 shares during the last quarter. 93.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of ePlus from a “hold” rating to a “buy” rating in a research note on Thursday, March 27th.

ePlus Stock Up 0.4 %

Shares of NASDAQ:PLUS opened at $61.30 on Wednesday. The firm has a market capitalization of $1.63 billion, a PE ratio of 15.64, a price-to-earnings-growth ratio of 1.83 and a beta of 1.15. The business has a 50 day simple moving average of $68.96 and a two-hundred day simple moving average of $80.43. ePlus inc. has a 1 year low of $60.11 and a 1 year high of $106.98. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.83 and a quick ratio of 1.69.

ePlus (NASDAQ:PLUS) last posted its quarterly earnings data on Wednesday, February 5th. The software maker reported $0.91 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.37). ePlus had a net margin of 4.93% and a return on equity of 11.23%. On average, equities analysts predict that ePlus inc. will post 3.78 EPS for the current year.

ePlus Company 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 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.