Invesco Ltd. Has $21.47 Million Holdings in ePlus inc. (NASDAQ:PLUS)

Invesco Ltd. cut its holdings in shares of ePlus inc. (NASDAQ:PLUS - Free Report) by 9.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 290,643 shares of the software maker's stock after selling 29,089 shares during the quarter. Invesco Ltd. owned 1.08% of ePlus worth $21,473,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. HighTower Advisors LLC acquired a new position in ePlus in the 3rd quarter worth about $227,000. Versor Investments LP bought a new position in ePlus during the fourth quarter valued at approximately $318,000. KLP Kapitalforvaltning AS acquired a new stake in ePlus in the fourth quarter valued at approximately $384,000. Principal Financial Group Inc. lifted its stake in ePlus by 3.3% in the fourth quarter. Principal Financial Group Inc. now owns 137,452 shares of the software maker's stock valued at $10,155,000 after acquiring an additional 4,425 shares during the last quarter. Finally, American Century Companies Inc. grew its position in ePlus by 18.2% in the fourth quarter. American Century Companies Inc. now owns 790,332 shares of the software maker's stock worth $58,390,000 after acquiring an additional 121,945 shares in the last quarter. Hedge funds and other institutional investors own 93.80% of the company's stock.

ePlus Stock Performance

PLUS traded up $0.68 on Thursday, hitting $61.58. The company had a trading volume of 7,973 shares, compared to its average volume of 228,948. The stock has a market cap of $1.64 billion, a price-to-earnings ratio of 15.71, a price-to-earnings-growth ratio of 1.83 and a beta of 1.12. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.83 and a quick ratio of 1.69. The company's fifty day moving average price is $62.63 and its 200 day moving average price is $75.97. ePlus inc. has a 1-year low of $53.83 and a 1-year high of $106.98.

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

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of ePlus from a "hold" rating to a "buy" rating in a research note 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.