Geode Capital Management LLC Boosts Stock Holdings in ePlus inc. (NASDAQ:PLUS)

Geode Capital Management LLC grew its holdings in ePlus inc. (NASDAQ:PLUS - Free Report) by 16.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 731,909 shares of the software maker's stock after buying an additional 105,526 shares during the quarter. Geode Capital Management LLC owned about 2.72% of ePlus worth $71,987,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Larson Financial Group LLC increased its stake in ePlus by 6,140.0% in the 3rd quarter. Larson Financial Group LLC now owns 312 shares of the software maker's stock valued at $31,000 after purchasing an additional 307 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of ePlus by 203.2% in the 3rd quarter. GAMMA Investing LLC now owns 376 shares of the software maker's stock worth $37,000 after buying an additional 252 shares in the last quarter. Innealta Capital LLC acquired a new stake in ePlus in the 2nd quarter valued at about $66,000. National Bank of Canada FI acquired a new position in ePlus during the third quarter worth about $76,000. Finally, Advisors Asset Management Inc. lifted its holdings in shares of ePlus by 43.9% in the third quarter. Advisors Asset Management Inc. now owns 1,121 shares of the software maker's stock valued at $110,000 after purchasing an additional 342 shares in the last quarter. Institutional investors and hedge funds own 93.80% of the company's stock.

ePlus Trading Up 0.1 %

Shares of PLUS traded up $0.10 on Friday, hitting $74.00. 571,692 shares of the stock traded hands, compared to its average volume of 150,897. ePlus inc. has a 1 year low of $56.33 and a 1 year high of $106.98. The stock's 50 day moving average is $87.00 and its two-hundred day moving average is $86.36. The firm has a market capitalization of $1.98 billion, a P/E ratio of 18.36, a P/E/G ratio of 1.76 and a beta of 1.08. The company has a quick ratio of 1.71, a current ratio of 1.85 and a debt-to-equity ratio of 0.01.

Wall Street Analyst Weigh In

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