LPL Financial LLC Boosts Stock Position in ePlus inc. (NASDAQ:PLUS)

LPL Financial LLC raised its stake in shares of ePlus inc. (NASDAQ:PLUS - Free Report) by 20.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,684 shares of the software maker's stock after buying an additional 5,443 shares during the quarter. LPL Financial LLC owned about 0.12% of ePlus worth $2,584,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of PLUS. HighTower Advisors LLC bought a new stake in ePlus in the 3rd quarter valued at $227,000. Versor Investments LP bought a new stake in shares of ePlus in the fourth quarter worth about $318,000. KLP Kapitalforvaltning AS purchased a new stake in shares of ePlus in the fourth quarter worth about $384,000. Principal Financial Group Inc. boosted its stake in ePlus by 3.3% during the fourth quarter. Principal Financial Group Inc. now owns 137,452 shares of the software maker's stock valued at $10,155,000 after buying an additional 4,425 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in ePlus by 18.2% in the 4th 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 during the last quarter. Institutional investors own 93.80% of the company's stock.

ePlus Trading Up 0.5 %

PLUS traded up $0.32 on Tuesday, hitting $58.52. The company had a trading volume of 154,334 shares, compared to its average volume of 237,072. ePlus inc. has a 12-month low of $53.83 and a 12-month high of $106.98. The company has a quick ratio of 1.69, a current ratio of 1.83 and a debt-to-equity ratio of 0.01. The business's fifty day simple moving average is $64.12 and its 200 day simple moving average is $77.51. The company has a market cap of $1.56 billion, a PE ratio of 14.93, a PEG ratio of 1.83 and a beta of 1.12.

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

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of ePlus from a "hold" rating to a "buy" rating in a report on Tuesday, April 8th.

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.