ePlus inc. (NASDAQ:PLUS) Shares Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of ePlus inc. (NASDAQ:PLUS - Free Report) by 18.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 71,660 shares of the software maker's stock after acquiring an additional 11,193 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.27% of ePlus worth $5,294,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Smartleaf Asset Management LLC increased its position in shares of ePlus by 91.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 342 shares of the software maker's stock worth $25,000 after purchasing an additional 163 shares in the last quarter. Jones Financial Companies Lllp grew its stake in ePlus by 256.8% during the 4th quarter. Jones Financial Companies Lllp now owns 421 shares of the software maker's stock worth $31,000 after buying an additional 303 shares during the last quarter. Quarry LP increased its position in ePlus by 1,000.0% during the 4th quarter. Quarry LP now owns 473 shares of the software maker's stock valued at $35,000 after buying an additional 430 shares in the last quarter. Johnson Financial Group Inc. purchased a new stake in ePlus in the fourth quarter valued at about $60,000. Finally, Meeder Asset Management Inc. purchased a new stake in ePlus in the fourth quarter valued at about $61,000. 93.80% of the stock is currently owned by institutional investors and hedge funds.

ePlus Stock Performance

NASDAQ:PLUS traded up $0.17 during trading hours on Friday, hitting $71.11. 125,905 shares of the company were exchanged, compared to its average volume of 210,784. 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 inc. has a 52-week low of $53.83 and a 52-week high of $106.98. The stock has a market capitalization of $1.89 billion, a price-to-earnings ratio of 18.14, a PEG ratio of 1.83 and a beta of 1.15. The company's 50 day moving average price is $63.36 and its 200-day moving average price is $69.91.

ePlus (NASDAQ:PLUS - Get Free Report) last posted its quarterly earnings data on Thursday, May 22nd. The software maker reported $0.95 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $523.85 million. As a group, research analysts forecast that ePlus inc. will post 3.78 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded ePlus from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th.

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.