Envestnet Asset Management Inc. Increases Position in ePlus inc. (NASDAQ:PLUS)

Envestnet Asset Management Inc. lifted its holdings in ePlus inc. (NASDAQ:PLUS - Free Report) by 85.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 90,616 shares of the software maker's stock after acquiring an additional 41,710 shares during the quarter. Envestnet Asset Management Inc. owned 0.34% of ePlus worth $6,695,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in PLUS. HighTower Advisors LLC bought a new stake in ePlus in the third quarter valued at approximately $227,000. Barclays PLC raised its stake in shares of ePlus by 82.3% during the third quarter. Barclays PLC now owns 80,328 shares of the software maker's stock valued at $7,899,000 after acquiring an additional 36,267 shares during the last quarter. Argent Capital Management LLC boosted its holdings in shares of ePlus by 38.1% during the fourth quarter. Argent Capital Management LLC now owns 20,166 shares of the software maker's stock worth $1,490,000 after purchasing an additional 5,564 shares during the period. Wedge Capital Management L L P NC grew its stake in shares of 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 during the last quarter. Finally, KBC Group NV increased its holdings in ePlus by 48.9% during the 4th quarter. KBC Group NV now owns 1,380 shares of the software maker's stock valued at $102,000 after purchasing an additional 453 shares during the period. Hedge funds and other institutional investors own 93.80% of the company's stock.

Wall Street Analyst Weigh In

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

ePlus Trading Down 1.6 %

Shares of NASDAQ:PLUS traded down $1.01 on Friday, hitting $61.54. The company had a trading volume of 20,075 shares, compared to its average volume of 227,462. ePlus inc. has a 1 year low of $53.83 and a 1 year high of $106.98. The company has a quick ratio of 1.69, a current ratio of 1.83 and a debt-to-equity ratio of 0.01. The firm's 50-day simple moving average is $62.47 and its two-hundred day simple moving average is $75.73. The firm has a market capitalization of $1.64 billion, a price-to-earnings ratio of 15.70, a P/E/G ratio of 1.83 and a beta of 1.12.

ePlus (NASDAQ:PLUS - Get Free Report) last announced its earnings results on Wednesday, February 5th. The software maker reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.28 by ($0.37). ePlus had a return on equity of 11.23% and a net margin of 4.93%. Equities analysts anticipate that ePlus inc. will post 3.78 earnings per share for the current fiscal 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.