Swiss National Bank Acquires 1,500 Shares of ePlus inc. (NASDAQ:PLUS)

Swiss National Bank raised its holdings in shares of ePlus inc. (NASDAQ:PLUS – Get Rating) by 2.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,856 shares of the software maker’s stock after purchasing an additional 1,500 shares during the quarter. Swiss National Bank owned 0.24% of ePlus worth $2,872,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Capital Research Global Investors bought a new stake in shares of ePlus in the 1st quarter worth $17,087,000. Wells Fargo & Company MN grew its stake in shares of ePlus by 517.3% in the 2nd quarter. Wells Fargo & Company MN now owns 248,764 shares of the software maker’s stock worth $13,214,000 after acquiring an additional 208,463 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of ePlus by 48.6% in the 1st quarter. Wellington Management Group LLP now owns 531,664 shares of the software maker’s stock worth $29,805,000 after acquiring an additional 173,891 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of ePlus by 113.1% in the 2nd quarter. Goldman Sachs Group Inc. now owns 256,978 shares of the software maker’s stock worth $13,651,000 after acquiring an additional 136,389 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of ePlus by 3.6% in the 3rd quarter. Vanguard Group Inc. now owns 2,094,993 shares of the software maker’s stock worth $87,025,000 after acquiring an additional 73,632 shares in the last quarter. Institutional investors own 93.58% of the company’s stock.

ePlus Price Performance

Shares of NASDAQ:PLUS opened at $46.49 on Wednesday. The company’s 50-day moving average is $46.92 and its 200 day moving average is $48.72. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.32 and a current ratio of 1.63. The company has a market capitalization of $1.25 billion, a P/E ratio of 11.18 and a beta of 1.26. ePlus inc. has a fifty-two week low of $40.37 and a fifty-two week high of $62.82.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of ePlus in a report on Thursday, May 18th. They issued a “hold” rating on the stock.

About ePlus

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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.