ePlus inc. (NASDAQ:PLUS) Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lifted its holdings in ePlus inc. (NASDAQ:PLUS) by 85.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 90,616 shares of the software maker’s stock after acquiring an additional 41,710 shares during the period. Envestnet Asset Management Inc. owned approximately 0.34% of ePlus worth $6,695,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in PLUS. Swedbank AB acquired a new stake in shares of ePlus during the fourth quarter valued at about $11,082,000. American Century Companies Inc. raised its position in shares of ePlus by 18.2% during the 4th quarter. American Century Companies Inc. now owns 790,332 shares of the software maker’s stock valued at $58,390,000 after acquiring an additional 121,945 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of ePlus in the 4th quarter worth about $8,683,000. JPMorgan Chase & Co. lifted its holdings in ePlus by 126.6% in the fourth quarter. JPMorgan Chase & Co. now owns 124,251 shares of the software maker’s stock worth $9,180,000 after acquiring an additional 69,410 shares during the last quarter. Finally, Barclays PLC boosted its position in ePlus by 82.3% during the 3rd quarter. Barclays PLC now owns 80,328 shares of the software maker’s stock valued at $7,899,000 after purchasing an additional 36,267 shares during the period. Hedge funds and other institutional investors own 93.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of ePlus from a “hold” rating to a “buy” rating in a research report on Friday.

ePlus Trading Up 1.5 %

Shares of PLUS stock opened at $59.08 on Monday. The firm has a market capitalization of $1.57 billion, a PE ratio of 15.07, a price-to-earnings-growth ratio of 1.83 and a beta of 1.12. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.69 and a current ratio of 1.83. ePlus inc. has a 1 year low of $53.83 and a 1 year high of $106.98. The stock has a fifty day moving average of $63.21 and a two-hundred day moving average of $76.46.

ePlus (NASDAQ:PLUS) last announced its 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%. As a group, research analysts expect that ePlus inc. will post 3.78 EPS for the current 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.