ePlus inc. (NASDAQ:PLUS) Shares Purchased by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of ePlus inc. (NASDAQ:PLUS) by 4.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 14,979 shares of the software maker’s stock after acquiring an additional 604 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.06% of ePlus worth $1,107,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Castlekeep Investment Advisors LLC acquired a new position in ePlus in the 4th quarter worth approximately $127,898,000. American Century Companies Inc. grew its holdings in shares of ePlus by 18.2% during the fourth quarter. American Century Companies Inc. now owns 790,332 shares of the software maker’s stock valued at $58,390,000 after buying an additional 121,945 shares in the last quarter. Mirabella Financial Services LLP acquired a new position in ePlus during the fourth quarter valued at $43,517,000. Northern Trust Corp lifted its stake in ePlus by 8.2% in the 4th quarter. Northern Trust Corp now owns 496,648 shares of the software maker’s stock worth $36,692,000 after acquiring an additional 37,496 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in ePlus by 20.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 226,724 shares of the software maker’s stock worth $16,751,000 after acquiring an additional 38,317 shares during the period. 93.80% of the stock is owned by institutional investors.

ePlus Stock Up 1.9%

ePlus stock opened at $66.97 on Monday. ePlus inc. has a twelve month low of $53.83 and a twelve month high of $106.98. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.69 and a current ratio of 1.83. The firm has a market cap of $1.78 billion, a PE ratio of 17.08, a P/E/G ratio of 1.83 and a beta of 1.12. The firm’s 50 day moving average price is $62.19 and its two-hundred day moving average price is $70.72.

ePlus (NASDAQ:PLUS) last posted its quarterly earnings results on Thursday, May 22nd. The software maker reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.08. ePlus had a net margin of 4.93% and a return on equity of 11.23%. The business had revenue of $498.11 million for the quarter, compared to the consensus estimate of $523.85 million. On average, research analysts predict that ePlus inc. will post 3.78 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded ePlus from a “hold” rating to a “buy” rating in a report on Saturday.

ePlus Company 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.