Chatham Capital Group Inc. Sells 730 Shares of ePlus inc. (NASDAQ:PLUS)

Chatham Capital Group Inc. lowered its stake in ePlus inc. (NASDAQ:PLUS) by 1.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 42,591 shares of the software maker’s stock after selling 730 shares during the period. Chatham Capital Group Inc. owned approximately 0.16% of ePlus worth $3,147,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Raymond James Financial Inc. bought a new position in shares of ePlus in the fourth quarter worth $8,683,000. Assetmark Inc. increased its position in shares of ePlus by 10.4% in the fourth quarter. Assetmark Inc. now owns 20,914 shares of the software maker’s stock worth $1,545,000 after purchasing an additional 1,971 shares during the period. Jones Financial Companies Lllp increased its position in shares of ePlus by 256.8% in the fourth quarter. Jones Financial Companies Lllp now owns 421 shares of the software maker’s stock worth $31,000 after purchasing an additional 303 shares during the period. Smartleaf Asset Management LLC increased its position in shares of ePlus by 91.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 342 shares of the software maker’s stock worth $25,000 after purchasing an additional 163 shares during the period. Finally, Versor Investments LP bought a new position in shares of ePlus in the fourth quarter worth $318,000. Institutional investors own 93.80% of the company’s stock.

ePlus Stock Performance

ePlus stock opened at $64.17 on Friday. ePlus inc. has a 12-month low of $61.91 and a 12-month high of $106.98. The company has a quick ratio of 1.69, a current ratio of 1.83 and a debt-to-equity ratio of 0.01. The business’s 50-day moving average price is $73.46 and its two-hundred day moving average price is $84.06. The stock has a market cap of $1.71 billion, a PE ratio of 16.37, a P/E/G ratio of 1.83 and a beta of 1.10.

ePlus (NASDAQ:PLUS) last released its earnings results on Wednesday, February 5th. The software maker reported $0.91 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.37). ePlus had a net margin of 4.93% and a return on equity of 11.23%. As a group, analysts expect that ePlus inc. will post 3.78 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

About ePlus

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.