Envestnet Asset Management Inc. Acquires 41,710 Shares of ePlus inc. (NASDAQ:PLUS)

Envestnet Asset Management Inc. grew its stake in shares of ePlus inc. (NASDAQ:PLUS - Free Report) by 85.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 90,616 shares of the software maker's stock after acquiring an additional 41,710 shares during the period. Envestnet Asset Management Inc. owned about 0.34% of ePlus worth $6,695,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of PLUS. Smartleaf Asset Management LLC increased its stake in shares of ePlus by 91.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 342 shares of the software maker's stock worth $25,000 after acquiring an additional 163 shares during the period. Jones Financial Companies Lllp raised its holdings in shares of ePlus by 256.8% during the fourth quarter. Jones Financial Companies Lllp now owns 421 shares of the software maker's stock valued at $31,000 after acquiring an additional 303 shares during the last quarter. Meeder Asset Management Inc. purchased a new position in ePlus in the 4th quarter valued at $61,000. Huntington National Bank grew its stake in ePlus by 35.8% during the 4th quarter. Huntington National Bank now owns 1,168 shares of the software maker's stock valued at $86,000 after acquiring an additional 308 shares in the last quarter. Finally, Quent Capital LLC purchased a new position in ePlus during the fourth quarter worth approximately $94,000. 93.80% of the stock is currently owned by hedge funds and other institutional investors.

ePlus Price Performance

PLUS traded up $1.09 on Thursday, hitting $61.99. 40,718 shares of the company were exchanged, compared to its average volume of 229,377. The business's fifty day moving average is $62.63 and its 200 day moving average is $75.97. The firm has a market capitalization of $1.65 billion, a P/E ratio of 15.81, a price-to-earnings-growth ratio of 1.83 and a beta of 1.12. ePlus inc. has a fifty-two week low of $53.83 and a fifty-two week high of $106.98. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.69 and a current ratio of 1.83.

ePlus (NASDAQ:PLUS - Get Free Report) last announced 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 net margin of 4.93% and a return on equity of 11.23%. As a group, sell-side analysts anticipate that ePlus inc. will post 3.78 EPS for the current year.

Analyst Ratings Changes

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

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.