Cornercap Investment Counsel Inc. Takes Position in ePlus inc. (NASDAQ:PLUS)

Cornercap Investment Counsel Inc. acquired a new position in shares of ePlus inc. (NASDAQ:PLUS) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 5,485 shares of the software maker’s stock, valued at approximately $405,000.

Several other institutional investors have also added to or reduced their stakes in PLUS. Smartleaf Asset Management LLC raised its stake in shares of ePlus by 91.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 342 shares of the software maker’s stock valued at $25,000 after purchasing an additional 163 shares during the period. Larson Financial Group LLC grew its holdings in shares of ePlus by 6,140.0% during the third quarter. Larson Financial Group LLC now owns 312 shares of the software maker’s stock worth $31,000 after buying an additional 307 shares in the last quarter. Jones Financial Companies Lllp raised its position in ePlus by 256.8% in 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 last quarter. National Bank of Canada FI bought a new stake in ePlus in the 3rd quarter valued at approximately $76,000. Finally, Quent Capital LLC bought a new stake in ePlus in the 4th quarter valued at approximately $94,000. 93.80% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of ePlus from a “hold” rating to a “buy” rating in a report on Thursday.

ePlus Price Performance

Shares of NASDAQ PLUS opened at $61.93 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.83 and a quick ratio of 1.69. The business has a 50-day moving average of $69.76 and a 200-day moving average of $80.88. The stock has a market capitalization of $1.65 billion, a price-to-earnings ratio of 15.80, a PEG ratio of 1.83 and a beta of 1.15. ePlus inc. has a fifty-two week low of $61.17 and a fifty-two week high of $106.98.

ePlus (NASDAQ:PLUS) last posted its quarterly earnings results on Wednesday, February 5th. The software maker reported $0.91 earnings per share 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%. As a group, sell-side analysts predict that ePlus inc. will post 3.78 earnings per share for the current fiscal year.

ePlus 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.