ePlus inc. (NASDAQ:PLUS) Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. raised its holdings in shares of ePlus inc. (NASDAQ:PLUS - Free Report) by 3.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 137,452 shares of the software maker's stock after purchasing an additional 4,425 shares during the period. Principal Financial Group Inc. owned 0.51% of ePlus worth $10,155,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in PLUS. Cascade Investment Advisors Inc. raised its stake in ePlus by 1.7% in the fourth quarter. Cascade Investment Advisors Inc. now owns 16,004 shares of the software maker's stock valued at $1,182,000 after buying an additional 275 shares during the last quarter. Larson Financial Group LLC boosted 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 worth $31,000 after purchasing an additional 307 shares in the last quarter. Advisors Asset Management Inc. grew its position in ePlus by 43.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,121 shares of the software maker's stock worth $110,000 after purchasing an additional 342 shares during the last quarter. KBC Group NV increased its stake in ePlus by 48.9% during the 4th quarter. KBC Group NV now owns 1,380 shares of the software maker's stock valued at $102,000 after purchasing an additional 453 shares in the last quarter. Finally, GHP Investment Advisors Inc. raised its holdings in shares of ePlus by 0.5% in the fourth quarter. GHP Investment Advisors Inc. now owns 103,342 shares of the software maker's stock worth $7,635,000 after buying an additional 533 shares during the last quarter. Hedge funds and other institutional investors own 93.80% of the company's stock.

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Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of ePlus from a "buy" rating to a "hold" rating in a report on Saturday, February 22nd.

ePlus Stock Performance

Shares of NASDAQ:PLUS traded up $0.17 during trading on Tuesday, hitting $63.05. The stock had a trading volume of 113,788 shares, compared to its average volume of 214,623. 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 inc. has a 12-month low of $61.91 and a 12-month high of $106.98. The stock has a market capitalization of $1.68 billion, a price-to-earnings ratio of 16.08, a price-to-earnings-growth ratio of 1.83 and a beta of 1.10. The stock has a 50-day simple moving average of $74.07 and a two-hundred day simple moving average of $84.54.

ePlus (NASDAQ:PLUS - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The software maker reported $0.91 earnings per share (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%. On average, equities research analysts expect that ePlus inc. will post 3.78 earnings per share for the current fiscal year.

ePlus 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.