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

Envestnet Asset Management Inc. boosted its position in ePlus inc. (NASDAQ:PLUS - Free Report) by 9.6% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 99,314 shares of the software maker's stock after acquiring an additional 8,698 shares during the period. Envestnet Asset Management Inc. owned about 0.37% of ePlus worth $6,061,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PLUS. Cascade Investment Advisors Inc. grew its stake in shares of ePlus by 1.6% during the 1st quarter. Cascade Investment Advisors Inc. now owns 16,264 shares of the software maker's stock valued at $993,000 after buying an additional 260 shares during the period. Foundry Partners LLC grew its stake in shares of ePlus by 3.8% during the 4th quarter. Foundry Partners LLC now owns 7,469 shares of the software maker's stock valued at $552,000 after buying an additional 274 shares during the period. Huntington National Bank grew its stake in shares of ePlus by 35.8% during the 4th quarter. Huntington National Bank now owns 1,168 shares of the software maker's stock valued at $86,000 after buying an additional 308 shares during the period. Vista Finance LLC boosted its position in ePlus by 7.8% during the 1st quarter. Vista Finance LLC now owns 4,606 shares of the software maker's stock worth $281,000 after purchasing an additional 333 shares during the period. Finally, Quarry LP boosted its position in ePlus by 1,000.0% during the 4th quarter. Quarry LP now owns 473 shares of the software maker's stock worth $35,000 after purchasing an additional 430 shares during the period. 93.80% of the stock is owned by hedge funds and other institutional investors.

ePlus Stock Up 1.1%

PLUS stock traded up $0.72 during trading on Friday, reaching $67.12. The stock had a trading volume of 84,884 shares, compared to its average volume of 195,688. ePlus inc. has a 1-year low of $53.83 and a 1-year high of $106.98. The company has a current ratio of 1.71, a quick ratio of 1.56 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $1.78 billion, a P/E ratio of 16.57, a PEG ratio of 1.67 and a beta of 1.14. The firm has a fifty day moving average price of $70.15 and a 200 day moving average price of $68.16.

ePlus (NASDAQ:PLUS - Get Free Report) last issued its quarterly earnings data on Thursday, May 22nd. The software maker reported $0.95 EPS for the quarter, topping analysts' consensus estimates of $0.87 by $0.08. ePlus had a net margin of 5.22% and a return on equity of 11.34%. The firm had revenue of $498.11 million for the quarter, compared to analyst estimates of $523.85 million. On average, equities analysts anticipate that ePlus inc. will post 3.78 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut shares of ePlus from a "buy" rating to a "hold" rating in a research report on Friday, June 27th.

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.