Barclays PLC Boosts Holdings in ePlus inc. (NASDAQ:PLUS)

Barclays PLC increased its position in shares of ePlus inc. (NASDAQ:PLUS - Free Report) by 82.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 80,328 shares of the software maker's stock after acquiring an additional 36,267 shares during the quarter. Barclays PLC owned approximately 0.30% of ePlus worth $7,899,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of PLUS. FMR LLC boosted its holdings in ePlus by 70.9% in the 3rd quarter. FMR LLC now owns 1,117,812 shares of the software maker's stock valued at $109,926,000 after purchasing an additional 463,621 shares during the last quarter. Millennium Management LLC lifted its holdings in ePlus by 4,036.0% in the second quarter. Millennium Management LLC now owns 251,430 shares of the software maker's stock valued at $18,525,000 after acquiring an additional 245,351 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in ePlus by 19.8% in the third quarter. Pacer Advisors Inc. now owns 1,387,899 shares of the software maker's stock valued at $136,486,000 after acquiring an additional 229,837 shares during the last quarter. American Century Companies Inc. grew its position in ePlus by 75.5% in the second quarter. American Century Companies Inc. now owns 487,069 shares of the software maker's stock worth $35,887,000 after acquiring an additional 209,511 shares during the period. Finally, Wellington Management Group LLP increased its stake in ePlus by 20.4% during the third quarter. Wellington Management Group LLP now owns 968,998 shares of the software maker's stock worth $95,291,000 after acquiring an additional 164,016 shares during the last quarter. Hedge funds and other institutional investors own 93.80% of the company's stock.

ePlus Trading Down 4.4 %

Shares of PLUS stock traded down $3.40 during trading hours on Wednesday, hitting $74.23. The company had a trading volume of 232,672 shares, compared to its average volume of 187,580. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.85 and a quick ratio of 1.71. The stock has a market capitalization of $1.99 billion, a PE ratio of 18.42, a price-to-earnings-growth ratio of 1.82 and a beta of 1.08. The company's fifty day moving average is $88.51 and its 200 day moving average is $86.46. ePlus inc. has a fifty-two week low of $56.33 and a fifty-two week high of $106.98.

Analyst Upgrades and Downgrades

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

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.