Argent Capital Management LLC Grows Stake in ePlus inc. (NASDAQ:PLUS)

Argent Capital Management LLC lifted its stake in ePlus inc. (NASDAQ:PLUS - Free Report) by 38.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,166 shares of the software maker's stock after buying an additional 5,564 shares during the period. Argent Capital Management LLC owned approximately 0.08% of ePlus worth $1,490,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. HighTower Advisors LLC purchased a new position in shares of ePlus in the third quarter worth about $227,000. Geode Capital Management LLC increased its holdings in shares of ePlus by 16.8% in the third quarter. Geode Capital Management LLC now owns 731,909 shares of the software maker's stock worth $71,987,000 after buying an additional 105,526 shares during the period. Barclays PLC increased its holdings in shares of ePlus by 82.3% in the third quarter. Barclays PLC now owns 80,328 shares of the software maker's stock worth $7,899,000 after buying an additional 36,267 shares during the period. Jane Street Group LLC increased its holdings in shares of ePlus by 62.7% in the third quarter. Jane Street Group LLC now owns 36,915 shares of the software maker's stock worth $3,630,000 after buying an additional 14,227 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of ePlus by 1.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 60,467 shares of the software maker's stock worth $5,946,000 after buying an additional 1,078 shares during the period. Hedge funds and other institutional investors own 93.80% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut ePlus from a "buy" rating to a "hold" rating in a research note on Friday, November 15th.

ePlus Stock Up 0.9 %

PLUS traded up $0.69 during trading on Thursday, hitting $80.13. 123,321 shares of the company's stock traded hands, compared to its average volume of 200,922. The company's 50 day simple moving average is $79.37 and its two-hundred day simple moving average is $86.56. The company has a current ratio of 1.85, a quick ratio of 1.71 and a debt-to-equity ratio of 0.01. ePlus inc. has a 12-month low of $56.33 and a 12-month high of $106.98. The stock has a market capitalization of $2.15 billion, a price-to-earnings ratio of 19.88, a PEG ratio of 1.74 and a beta of 1.10.

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.