Arizona State Retirement System Has $336,000 Stock Holdings in ePlus inc. (NASDAQ:PLUS)

Arizona State Retirement System increased its stake in shares of ePlus inc. (NASDAQ:PLUS – Get Rating) by 4.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,588 shares of the software maker’s stock after purchasing an additional 300 shares during the quarter. Arizona State Retirement System’s holdings in ePlus were worth $336,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in PLUS. Advisor Group Holdings Inc. increased its position in ePlus by 55.5% in the 1st quarter. Advisor Group Holdings Inc. now owns 2,225 shares of the software maker’s stock valued at $130,000 after acquiring an additional 794 shares during the period. Citigroup Inc. increased its position in ePlus by 8.6% in the 1st quarter. Citigroup Inc. now owns 23,709 shares of the software maker’s stock valued at $1,329,000 after acquiring an additional 1,871 shares during the period. PNC Financial Services Group Inc. increased its position in ePlus by 188.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,374 shares of the software maker’s stock valued at $245,000 after acquiring an additional 2,859 shares during the period. MetLife Investment Management LLC increased its position in ePlus by 34.6% in the 1st quarter. MetLife Investment Management LLC now owns 13,462 shares of the software maker’s stock valued at $755,000 after acquiring an additional 3,458 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in ePlus by 13.5% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 23,179 shares of the software maker’s stock valued at $1,299,000 after acquiring an additional 2,760 shares during the period. 93.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of ePlus in a research note on Thursday. They issued a “hold” rating on the stock.

ePlus Trading Up 1.7 %

NASDAQ:PLUS opened at $45.00 on Monday. The firm’s fifty day moving average is $47.00 and its 200-day moving average is $48.74. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.32 and a current ratio of 1.63. ePlus inc. has a 52 week low of $40.37 and a 52 week high of $62.82. The firm has a market cap of $1.21 billion, a P/E ratio of 10.82 and a beta of 1.26.

ePlus Profile

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ePlus, Inc provides information technology solutions that enable organizations to optimize their information technology (IT) environment and supply chain processes in the United States. It operates in two segments: Technology and Financing. The Technology segment offers hardware, perpetual and subscription software, maintenance, software assurance, and internally-provided and outsourced services, and advanced professional and managed services, including ePlus managed, professional, security, staff augmentation, server and desktop support, and project management services.