Mirae Asset Global Investments Co. Ltd. Has $968,000 Stake in ePlus inc. (NASDAQ:PLUS)

Mirae Asset Global Investments Co. Ltd. boosted its position in ePlus inc. (NASDAQ:PLUS) by 3.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,123 shares of the software maker’s stock after purchasing an additional 454 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in ePlus were worth $968,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of PLUS. Vanguard Group Inc. increased its stake in shares of ePlus by 1.4% in the third quarter. Vanguard Group Inc. now owns 2,376,006 shares of the software maker’s stock valued at $150,924,000 after buying an additional 32,353 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in ePlus by 2.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 374,702 shares of the software maker’s stock worth $23,801,000 after acquiring an additional 7,516 shares during the last quarter. FMR LLC increased its position in ePlus by 4,840.2% in the 3rd quarter. FMR LLC now owns 286,975 shares of the software maker’s stock valued at $18,229,000 after acquiring an additional 281,166 shares during the period. New York State Common Retirement Fund increased its position in ePlus by 6.9% in the 3rd quarter. New York State Common Retirement Fund now owns 107,386 shares of the software maker’s stock valued at $6,821,000 after acquiring an additional 6,917 shares during the period. Finally, Rhumbline Advisers raised its stake in shares of ePlus by 0.4% during the third quarter. Rhumbline Advisers now owns 83,613 shares of the software maker’s stock valued at $5,311,000 after acquiring an additional 326 shares during the last quarter. 93.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Stifel Nicolaus boosted their price objective on shares of ePlus from $70.00 to $80.00 and gave the stock a “hold” rating in a research note on Monday, April 15th. 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.

ePlus Trading Up 3.3 %

NASDAQ:PLUS opened at $80.11 on Wednesday. The firm’s fifty day moving average is $78.49 and its 200-day moving average is $73.26. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.59 and a current ratio of 1.93. ePlus inc. has a 52 week low of $41.71 and a 52 week high of $83.57. The firm has a market cap of $2.16 billion, a P/E ratio of 16.90 and a beta of 1.18.

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

Insider Activity

In other ePlus news, Director John E. Callies sold 1,308 shares of ePlus stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $79.17, for a total value of $103,554.36. Following the completion of the sale, the director now directly owns 20,493 shares in the company, valued at $1,622,430.81. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 2.41% of the stock is owned by company 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.