BlueCrest Capital Management Ltd Acquires New Position in ePlus (PLUS)

BlueCrest Capital Management Ltd bought a new stake in ePlus (NASDAQ:PLUS) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,100 shares of the software maker’s stock, valued at approximately $233,000.

Other large investors have also bought and sold shares of the company. Benjamin F. Edwards & Company Inc. increased its stake in shares of ePlus by 66.7% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 2,500 shares of the software maker’s stock worth $188,000 after purchasing an additional 1,000 shares in the last quarter. Chevy Chase Trust Holdings Inc. acquired a new position in shares of ePlus in the 3rd quarter valued at $222,000. Aperio Group LLC acquired a new position in shares of ePlus in the 3rd quarter valued at $226,000. Landscape Capital Management L.L.C. acquired a new position in shares of ePlus during the 4th quarter valued at $238,000. Finally, Crossmark Global Holdings Inc. acquired a new position in shares of ePlus during the 3rd quarter valued at $266,000. 91.32% of the stock is currently owned by hedge funds and other institutional investors.

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ePlus stock traded up $1.35 during trading hours on Thursday, hitting $80.90. The company had a trading volume of 109,370 shares, compared to its average volume of 99,828. ePlus has a fifty-two week low of $63.76 and a fifty-two week high of $97.75. The firm has a market cap of $1,099.85, a PE ratio of 20.06 and a beta of 1.15. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.44 and a current ratio of 1.59.

ePlus (NASDAQ:PLUS) last posted its quarterly earnings data on Wednesday, February 7th. The software maker reported $0.97 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.84 by $0.13. The business had revenue of $342.57 million during 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%. equities analysts anticipate that ePlus will post 4.13 EPS for the current fiscal year.

A number of brokerages have commented on PLUS. Sidoti upgraded shares of ePlus from a “neutral” rating to a “buy” rating in a report on Friday, February 9th. Zacks Investment Research raised shares of ePlus from a “hold” rating to a “buy” rating and set a $81.00 price objective for the company in a research report on Tuesday, February 13th. Finally, BidaskClub raised shares of ePlus from a “hold” rating to a “buy” rating in a research note on Friday, March 30th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. ePlus has an average rating of “Hold” and an average target price of $78.00.

In other news, CFO Elaine D. Marion sold 3,000 shares of ePlus stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $80.45, for a total value of $241,350.00. Following the sale, the chief financial officer now directly owns 74,568 shares in the company, valued at $5,998,995.60. The transaction 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 ePlus stock in a transaction that occurred on Thursday, February 15th. The shares were 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 ninety days. Insiders own 3.25% of the company’s stock.

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About ePlus

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.

Institutional Ownership by Quarter for ePlus (NASDAQ:PLUS)

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