Vanguard Group Inc. Lowers Stock Position in ePlus inc. (NASDAQ:PLUS)

Vanguard Group Inc. cut its holdings in shares of ePlus inc. (NASDAQ:PLUS - Free Report) by 0.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,437,463 shares of the software maker's stock after selling 14,936 shares during the period. Vanguard Group Inc. owned approximately 9.10% of ePlus worth $180,080,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Smartleaf Asset Management LLC boosted its holdings in shares of ePlus by 91.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 342 shares of the software maker's stock valued at $25,000 after acquiring an additional 163 shares during the last quarter. Jones Financial Companies Lllp lifted its position in 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 purchasing an additional 303 shares during the period. National Bank of Canada FI purchased a new stake in ePlus in the third quarter worth approximately $76,000. Quent Capital LLC bought a new stake in ePlus in the 4th quarter worth approximately $94,000. Finally, KBC Group NV raised 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 buying an additional 453 shares during the last quarter. 93.80% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

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ePlus Stock Performance

Shares of ePlus stock traded up $0.39 during trading hours on Friday, reaching $58.23. 121,580 shares of the stock traded hands, compared to its average volume of 239,437. The company has a 50 day moving average price of $64.57 and a 200 day moving average price of $77.93. ePlus inc. has a one year low of $53.83 and a one year 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 firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of 14.85, a P/E/G ratio of 1.83 and a beta of 1.12.

ePlus (NASDAQ:PLUS - Get Free Report) last announced its earnings results 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%. 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.