Atlanta Capital Management Co. L L C Boosts Stake in ePlus Inc. (PLUS)

Atlanta Capital Management Co. L L C increased its position in ePlus Inc. (NASDAQ:PLUS) by 117.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 247,459 shares of the software maker’s stock after purchasing an additional 133,575 shares during the period. Atlanta Capital Management Co. L L C owned 1.77% of ePlus worth $18,609,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its holdings in shares of ePlus by 5.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 96,494 shares of the software maker’s stock valued at $8,978,000 after purchasing an additional 4,994 shares during the last quarter. TIAA CREF Investment Management LLC raised its stake in ePlus by 106.7% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 35,159 shares of the software maker’s stock valued at $2,605,000 after acquiring an additional 18,152 shares during the last quarter. New York State Common Retirement Fund raised its stake in 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 acquiring an additional 882 shares during the last quarter. Chicago Equity Partners LLC raised its stake in ePlus by 5.6% during the 3rd quarter. Chicago Equity Partners LLC now owns 106,655 shares of the software maker’s stock valued at $9,860,000 after acquiring an additional 5,640 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake in ePlus by 10.9% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 96,912 shares of the software maker’s stock valued at $8,960,000 after acquiring an additional 9,554 shares during the last quarter. 89.98% of the stock is owned by institutional investors and hedge funds.

PLUS has been the subject of several analyst reports. Zacks Investment Research raised ePlus from a “hold” rating to a “buy” rating and set a $81.00 price objective for the company in a research note on Tuesday, February 13th. Sidoti raised ePlus from a “neutral” rating to a “buy” rating in a research note on Friday, February 9th. Finally, BidaskClub downgraded ePlus from a “buy” rating to a “hold” rating in a research note on Saturday, December 9th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $78.00.

In other news, CEO Mark P. Marron sold 17,973 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $75.29, for a total transaction of $1,353,187.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lawrence S. Herman sold 500 shares of the stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $74.47, for a total value of $37,235.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 22,673 shares of company stock valued at $1,728,192. 3.25% of the stock is owned by company insiders.

Shares of ePlus Inc. (NASDAQ PLUS) opened at $76.60 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.44 and a current ratio of 1.59. The company has a market capitalization of $1,090.78, a P/E ratio of 18.91 and a beta of 1.18. ePlus Inc. has a one year low of $62.45 and a one year high of $97.75.

ePlus (NASDAQ:PLUS) last posted its quarterly earnings data on Wednesday, February 7th. The software maker reported $0.97 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $0.13. The firm had revenue of $342.57 million during the quarter, compared to the consensus estimate of $344.25 million. ePlus had a return on equity of 15.06% and a net margin of 4.01%. equities research analysts predict that ePlus Inc. will post 4.08 earnings per share for the current year.

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ePlus Company Profile

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.

Institutional Ownership by Quarter for ePlus (NASDAQ:PLUS)

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