Raymond James Financial Inc. Makes New Investment in ePlus inc. (NASDAQ:PLUS)

Raymond James Financial Inc. purchased a new stake in ePlus inc. (NASDAQ:PLUS - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The fund purchased 117,522 shares of the software maker's stock, valued at approximately $8,683,000. Raymond James Financial Inc. owned about 0.44% of ePlus at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. FMR LLC boosted its stake in ePlus by 70.9% in the third quarter. FMR LLC now owns 1,117,812 shares of the software maker's stock valued at $109,926,000 after acquiring an additional 463,621 shares during the period. State Street Corp lifted its holdings in ePlus by 0.6% in the third quarter. State Street Corp now owns 1,021,341 shares of the software maker's stock worth $100,439,000 after purchasing an additional 6,241 shares during the period. Wellington Management Group LLP grew its position in ePlus by 20.4% in the 3rd quarter. Wellington Management Group LLP now owns 968,998 shares of the software maker's stock valued at $95,291,000 after buying an additional 164,016 shares in the last quarter. Geode Capital Management LLC increased its stake in ePlus by 16.8% during the 3rd quarter. Geode Capital Management LLC now owns 731,909 shares of the software maker's stock valued at $71,987,000 after buying an additional 105,526 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of ePlus by 1.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 394,903 shares of the software maker's stock worth $38,835,000 after acquiring an additional 3,877 shares during the period. 93.80% of the stock is owned by institutional investors and hedge funds.

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ePlus Price Performance

NASDAQ PLUS traded down $1.64 on Tuesday, reaching $64.32. The company's stock had a trading volume of 195,243 shares, compared to its average volume of 240,749. ePlus inc. has a twelve month low of $61.75 and a twelve month high of $106.98. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.69 and a current ratio of 1.83. The firm's 50 day moving average is $71.01 and its two-hundred day moving average is $81.51. The stock has a market cap of $1.71 billion, a PE ratio of 16.41, a PEG ratio of 1.83 and a beta of 1.15.

ePlus (NASDAQ:PLUS - Get Free Report) last released its earnings results on Wednesday, February 5th. The software maker reported $0.91 EPS for the quarter, missing the consensus estimate 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, sell-side analysts predict that ePlus inc. will post 3.78 EPS for the current year.

Analyst Ratings Changes

Separately, StockNews.com downgraded ePlus from a "buy" rating to a "hold" rating in a research report on Wednesday, March 19th.

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 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.