American Century Companies Inc. Buys 121,945 Shares of ePlus inc. (NASDAQ:PLUS)

American Century Companies Inc. increased its position in shares of ePlus inc. (NASDAQ:PLUS - Free Report) by 18.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 790,332 shares of the software maker's stock after buying an additional 121,945 shares during the quarter. American Century Companies Inc. owned 2.95% of ePlus worth $58,390,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Quantbot Technologies LP acquired a new stake in shares of ePlus in the fourth quarter valued at approximately $821,000. Semanteon Capital Management LP bought a new stake in ePlus during the 4th quarter worth about $636,000. Intech Investment Management LLC boosted its stake in shares of ePlus by 134.1% during the 4th quarter. Intech Investment Management LLC now owns 17,980 shares of the software maker's stock worth $1,328,000 after buying an additional 10,299 shares during the last quarter. HighTower Advisors LLC grew its holdings in shares of ePlus by 21.3% in the 4th quarter. HighTower Advisors LLC now owns 2,816 shares of the software maker's stock valued at $208,000 after acquiring an additional 495 shares in the last quarter. Finally, Haven Private LLC bought a new position in shares of ePlus in the 4th quarter valued at about $555,000. Institutional investors and hedge funds own 93.80% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised ePlus from a "hold" rating to a "buy" rating in a research report on Thursday.

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ePlus Stock Down 3.6 %

PLUS traded down $2.32 during trading on Friday, reaching $61.93. 146,550 shares of the stock were exchanged, compared to its average volume of 238,403. 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 stock's 50 day moving average price is $69.76 and its two-hundred day moving average price is $80.88. ePlus inc. has a twelve month low of $61.17 and a twelve month high of $106.98. The stock has a market cap of $1.65 billion, a P/E ratio of 15.80, a price-to-earnings-growth ratio of 1.83 and a beta of 1.15.

ePlus (NASDAQ:PLUS - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The software maker reported $0.91 earnings per share for the quarter, missing the consensus estimate of $1.28 by ($0.37). ePlus had a return on equity of 11.23% and a net margin of 4.93%. Equities analysts expect that ePlus inc. will post 3.78 EPS for the current year.

ePlus Company 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.