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

Northern Trust Corp increased its holdings in shares of ePlus inc. (NASDAQ:PLUS - Free Report) by 8.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund 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 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Barclays PLC boosted its position in ePlus by 82.3% during the third quarter. Barclays PLC now owns 80,328 shares of the software maker's stock worth $7,899,000 after purchasing an additional 36,267 shares in the last quarter. Argent Capital Management LLC grew its holdings in shares of ePlus by 38.1% in the 4th quarter. Argent Capital Management LLC now owns 20,166 shares of the software maker's stock worth $1,490,000 after acquiring an additional 5,564 shares during the last quarter. Wedge Capital Management L L P NC boosted its holdings in ePlus by 16.5% in the fourth quarter. Wedge Capital Management L L P NC now owns 19,543 shares of the software maker's stock worth $1,444,000 after purchasing an additional 2,762 shares in the last quarter. KBC Group NV increased its holdings in shares of ePlus by 48.9% during the 4th quarter. KBC Group NV now owns 1,380 shares of the software maker's stock worth $102,000 after purchasing an additional 453 shares during the period. Finally, Cascade Investment Advisors Inc. boosted its holdings in ePlus by 1.7% during the fourth quarter. Cascade Investment Advisors Inc. now owns 16,004 shares of the software maker's stock valued at $1,182,000 after purchasing an additional 275 shares in the last quarter. 93.80% of the stock is currently owned by hedge funds and other institutional investors.

ePlus Price Performance

NASDAQ:PLUS traded up $0.75 during mid-day trading on Thursday, reaching $66.04. The stock had a trading volume of 26,587 shares, compared to its average volume of 215,381. 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 one year low of $53.83 and a one year high of $106.98. The firm has a 50 day moving average price of $61.90 and a two-hundred day moving average price of $72.36. The stock has a market capitalization of $1.76 billion, a P/E ratio of 16.85, a P/E/G ratio of 1.83 and a beta of 1.12.

Analyst Upgrades and Downgrades

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

About ePlus

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.