ePlus (NASDAQ:PLUS) announced its quarterly earnings results on Wednesday. The software maker reported $1.10 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.98 by $0.12, Morningstar.com reports. The business had revenue of $345.66 million during the quarter, compared to the consensus estimate of $340.40 million. ePlus had a net margin of 4.14% and a return on equity of 16.91%.
Shares of NASDAQ PLUS opened at $83.39 on Friday. The stock has a market capitalization of $1.10 billion, a P/E ratio of 19.76 and a beta of 1.26. ePlus has a 52 week low of $65.52 and a 52 week high of $107.25. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.53 and a current ratio of 1.70.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Meeder Asset Management Inc. boosted its stake in shares of ePlus by 431.8% during the 3rd quarter. Meeder Asset Management Inc. now owns 1,622 shares of the software maker’s stock worth $151,000 after purchasing an additional 1,317 shares during the last quarter. Bessemer Group Inc. acquired a new stake in shares of ePlus in the third quarter worth approximately $185,000. Zions Bancorporation acquired a new stake in shares of ePlus in the third quarter worth approximately $197,000. Campbell & CO Investment Adviser LLC acquired a new stake in shares of ePlus in the third quarter worth approximately $322,000. Finally, Trexquant Investment LP acquired a new stake in shares of ePlus in the third quarter worth approximately $339,000. 91.39% of the stock is currently owned by hedge funds and other institutional investors.
ePlus inc., through its subsidiaries, provides information technology solutions that enable organizations to optimize their information technology (IT) environment and supply chain processes in the United States. It operates in two segments, Technology and Financing. The Technology segment offers hardware, software, maintenance, software assurance, and internally-provided and outsourced services; and advanced professional and managed services, including ePlus managed, professional, security, staff augmentation, server and desktop support, and project management services.
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