New York State Teachers Retirement System Has $1.01 Million Stock Holdings in ePlus inc. (NASDAQ:PLUS)

New York State Teachers Retirement System increased its position in shares of ePlus inc. (NASDAQ:PLUS) by 26.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,624 shares of the software maker’s stock after acquiring an additional 2,625 shares during the quarter. New York State Teachers Retirement System’s holdings in ePlus were worth $1,008,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in PLUS. Exchange Traded Concepts LLC acquired a new position in ePlus in the third quarter valued at about $27,000. Advisors Asset Management Inc. acquired a new position in ePlus in the third quarter valued at about $28,000. Operose Advisors LLC acquired a new position in ePlus in the third quarter valued at about $33,000. Point72 Middle East FZE acquired a new position in ePlus in the fourth quarter valued at about $35,000. Finally, Point72 Hong Kong Ltd lifted its stake in ePlus by 862.6% in the second quarter. Point72 Hong Kong Ltd now owns 953 shares of the software maker’s stock valued at $51,000 after buying an additional 854 shares during the period. Institutional investors and hedge funds own 93.80% of the company’s stock.

ePlus Trading Down 0.2 %

NASDAQ PLUS opened at $75.28 on Friday. The firm has a market cap of $2.03 billion, a P/E ratio of 15.88 and a beta of 1.18. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.93 and a quick ratio of 1.59. The stock’s 50-day moving average is $78.34 and its 200-day moving average is $72.85. ePlus inc. has a one year low of $41.71 and a one year high of $83.57.

ePlus (NASDAQ:PLUS) last posted its quarterly earnings data on Tuesday, February 6th. The software maker reported $1.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.24 by ($0.22). The firm had revenue of $509.06 million for the quarter, compared to the consensus estimate of $598.25 million. ePlus had a return on equity of 15.26% and a net margin of 5.86%. Sell-side analysts anticipate that ePlus inc. will post 4.59 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Stifel Nicolaus raised their price target on ePlus from $70.00 to $80.00 and gave the stock a “hold” rating in a research report on Monday. Sidoti lowered ePlus from a “buy” rating to a “neutral” rating and set a $83.00 price target on the stock. in a research report on Monday, January 8th.

Insider Buying and Selling

In related news, Director John E. Callies sold 1,308 shares of the stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $79.17, for a total transaction of $103,554.36. Following the completion of the transaction, the director now directly owns 20,493 shares in the company, valued at $1,622,430.81. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 2.41% of the stock is owned by corporate insiders.

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 in two segments, Technology and Financing. The Technology segment offers hardware, perpetual and subscription software, maintenance, software assurance, and internally provided and outsourced services; and professional and managed services, including managed, professional, security solutions, cloud consulting and hosting, staff augmentation, storage-as-a-service, server and desktop support, and project management services.