Chatham Capital Group Inc. Has $3.15 Million Stock Holdings in ePlus inc. (NASDAQ:PLUS)

Chatham Capital Group Inc. trimmed its position in shares of ePlus inc. (NASDAQ:PLUS) by 1.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 42,591 shares of the software maker’s stock after selling 730 shares during the period. Chatham Capital Group Inc.’s holdings in ePlus were worth $3,147,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Smartleaf Asset Management LLC boosted its stake in shares of ePlus by 91.1% during the fourth 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 in the last quarter. Larson Financial Group LLC boosted its stake 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 valued at $31,000 after purchasing an additional 307 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in shares of ePlus by 256.8% during the fourth quarter. Jones Financial Companies Lllp now owns 421 shares of the software maker’s stock valued at $31,000 after purchasing an additional 303 shares in the last quarter. National Bank of Canada FI acquired a new position in shares of ePlus in the third quarter worth approximately $76,000. Finally, Quent Capital LLC acquired a new position in shares of ePlus in the fourth quarter worth approximately $94,000. 93.80% of the stock is owned by institutional investors and hedge funds.

ePlus Price Performance

ePlus stock opened at $64.17 on Friday. The stock’s 50 day moving average is $73.46 and its 200 day moving average is $84.06. 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 firm has a market cap of $1.71 billion, a P/E ratio of 16.37, a P/E/G ratio of 1.83 and a beta of 1.10. ePlus inc. has a one year low of $61.91 and a one year high of $106.98.

ePlus (NASDAQ:PLUS) last posted its quarterly earnings data on Wednesday, February 5th. The software maker reported $0.91 EPS for the quarter, missing analysts’ consensus estimates 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, research analysts expect that ePlus inc. will post 3.78 EPS for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com raised ePlus from a “hold” rating to a “buy” rating in a research note 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.