Barclays PLC Sells 7,624 Shares of ePlus inc. (NASDAQ:PLUS)

Barclays PLC lessened its holdings in shares of ePlus inc. (NASDAQ:PLUS - Free Report) by 9.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,704 shares of the software maker's stock after selling 7,624 shares during the period. Barclays PLC owned approximately 0.27% of ePlus worth $5,371,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of PLUS. Versor Investments LP bought a new position in ePlus in the fourth quarter valued at approximately $318,000. KLP Kapitalforvaltning AS bought a new stake in ePlus in the 4th quarter valued at $384,000. 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. American Century Companies Inc. increased its holdings in ePlus by 18.2% during the 4th quarter. American Century Companies Inc. now owns 790,332 shares of the software maker's stock worth $58,390,000 after purchasing an additional 121,945 shares in the last quarter. Finally, Zions Bancorporation N.A. raised its stake in shares of ePlus by 19.2% in the 4th quarter. Zions Bancorporation N.A. now owns 27,417 shares of the software maker's stock valued at $2,026,000 after purchasing an additional 4,413 shares during the period. 93.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded ePlus from a "hold" rating to a "buy" rating in a report on Friday, April 18th.

ePlus Stock Up 0.7 %

Shares of PLUS stock traded up $0.41 during trading on Tuesday, reaching $62.88. The company's stock had a trading volume of 86,272 shares, compared to its average volume of 225,168. ePlus inc. has a one year low of $53.83 and a one year high of $106.98. The business has a fifty day moving average price of $62.18 and a 200-day moving average price of $74.89. The company has a market cap of $1.67 billion, a price-to-earnings ratio of 16.04, a price-to-earnings-growth ratio of 1.83 and a beta of 1.12. The company has a quick ratio of 1.69, a current ratio of 1.83 and a debt-to-equity ratio of 0.01.

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