Zions Bancorporation N.A. Increases Stock Position in ePlus inc. (NASDAQ:PLUS)

Zions Bancorporation N.A. increased its position in shares of ePlus inc. (NASDAQ:PLUS - Free Report) by 19.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 27,417 shares of the software maker's stock after buying an additional 4,413 shares during the quarter. Zions Bancorporation N.A. owned about 0.10% of ePlus worth $2,026,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in PLUS. Smartleaf Asset Management LLC increased its holdings in shares of ePlus by 91.1% in 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 period. Cascade Investment Advisors Inc. increased 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 purchasing an additional 275 shares during the period. Jones Financial Companies Lllp raised its holdings in shares of ePlus by 256.8% in the fourth quarter. Jones Financial Companies Lllp now owns 421 shares of the software maker's stock valued at $31,000 after buying an additional 303 shares during the last quarter. Larson Financial Group LLC boosted its stake in shares of ePlus by 6,140.0% during the third quarter. Larson Financial Group LLC now owns 312 shares of the software maker's stock worth $31,000 after buying an additional 307 shares during the period. Finally, Advisors Asset Management Inc. increased its position in ePlus by 43.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,121 shares of the software maker's stock valued at $110,000 after acquiring an additional 342 shares during the period. Institutional investors and hedge funds own 93.80% of the company's stock.

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Analyst Upgrades and Downgrades

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

ePlus Stock Performance

Shares of PLUS stock traded down $2.32 during mid-day trading on Friday, hitting $61.93. The stock had a trading volume of 146,550 shares, compared to its average volume of 238,403. 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 50-day simple moving average is $69.76 and its 200-day simple moving average is $80.88. ePlus inc. has a fifty-two week low of $61.17 and a fifty-two week high of $106.98. The firm has a market cap of $1.65 billion, a PE ratio of 15.80, a PEG ratio of 1.83 and a beta of 1.15.

ePlus (NASDAQ:PLUS - Get Free Report) last announced 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 net margin of 4.93% and a return on equity of 11.23%. Sell-side analysts anticipate that ePlus inc. will post 3.78 earnings per share for the current year.

About ePlus

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.