ePlus inc. (NASDAQ:PLUS) Shares Bought by Northern Trust Corp

Northern Trust Corp raised its position in ePlus inc. (NASDAQ:PLUS - Free Report) by 8.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 496,648 shares of the software maker's stock after purchasing an additional 37,496 shares during the quarter. Northern Trust Corp owned 1.85% of ePlus worth $36,692,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC grew its stake in shares of ePlus by 91.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 342 shares of the software maker's stock worth $25,000 after acquiring an additional 163 shares in the last quarter. Jones Financial Companies Lllp grew its stake in shares of ePlus by 256.8% during the fourth quarter. Jones Financial Companies Lllp now owns 421 shares of the software maker's stock worth $31,000 after purchasing an additional 303 shares in the last quarter. Quarry LP grew its stake in shares of ePlus by 1,000.0% during the fourth quarter. Quarry LP now owns 473 shares of the software maker's stock worth $35,000 after purchasing an additional 430 shares in the last quarter. Johnson Financial Group Inc. acquired a new position in shares of ePlus during the fourth quarter worth $60,000. Finally, Meeder Asset Management Inc. acquired a new position in shares of ePlus during the fourth quarter worth $61,000. Hedge funds and other institutional investors own 93.80% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of ePlus from a "hold" rating to a "buy" rating in a research report on Friday, April 18th.

ePlus Price Performance

ePlus stock traded up $1.87 during mid-day trading on Monday, reaching $65.72. The company had a trading volume of 153,961 shares, compared to its average volume of 219,250. The stock's 50-day simple moving average is $61.83 and its 200-day simple moving average is $72.67. The company has a market capitalization of $1.75 billion, a P/E ratio of 16.77, a P/E/G ratio of 1.83 and a beta of 1.12. ePlus inc. has a 1 year low of $53.83 and a 1 year high of $106.98. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.83 and a quick ratio of 1.69.

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.