Bank of New York Mellon Corp Decreases Holdings in ePlus inc. (NASDAQ:PLUS)

Bank of New York Mellon Corp lowered its position in ePlus inc. (NASDAQ:PLUS - Free Report) by 3.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 176,904 shares of the software maker's stock after selling 6,861 shares during the quarter. Bank of New York Mellon Corp owned about 0.66% of ePlus worth $13,070,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. HighTower Advisors LLC bought a new position in ePlus in the 3rd quarter worth about $227,000. Principal Financial Group Inc. boosted its stake in ePlus by 3.3% in the 4th quarter. Principal Financial Group Inc. now owns 137,452 shares of the software maker's stock worth $10,155,000 after purchasing an additional 4,425 shares during the period. Geode Capital Management LLC boosted its stake in ePlus by 16.8% in the 3rd quarter. Geode Capital Management LLC now owns 731,909 shares of the software maker's stock worth $71,987,000 after purchasing an additional 105,526 shares during the period. Barclays PLC boosted its stake in ePlus by 82.3% in the 3rd quarter. Barclays PLC now owns 80,328 shares of the software maker's stock worth $7,899,000 after purchasing an additional 36,267 shares during the period. Finally, Jane Street Group LLC boosted its stake in ePlus by 62.7% in the 3rd quarter. Jane Street Group LLC now owns 36,915 shares of the software maker's stock worth $3,630,000 after purchasing an additional 14,227 shares during the period. Hedge funds and other institutional investors own 93.80% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded ePlus from a "hold" rating to a "buy" rating in a research note on Thursday, March 6th.

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ePlus Price Performance

Shares of PLUS traded up $1.34 during trading hours on Friday, reaching $63.91. 87,474 shares of the company's stock traded hands, compared to its average volume of 213,132. The stock has a market cap of $1.70 billion, a PE ratio of 16.30, a price-to-earnings-growth ratio of 1.83 and a beta of 1.15. The company has a current ratio of 1.83, a quick ratio of 1.69 and a debt-to-equity ratio of 0.01. The firm's 50 day simple moving average is $72.55 and its 200-day simple moving average is $83.08. ePlus inc. has a 12 month low of $61.91 and a 12 month high of $106.98.

ePlus (NASDAQ:PLUS - Get Free Report) last issued its quarterly 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%. 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.