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

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Smartleaf Asset Management LLC raised its position in shares of ePlus by 91.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 342 shares of the software maker's stock valued at $25,000 after buying an additional 163 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in 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 buying an additional 303 shares during the period. Quarry LP increased its position in ePlus by 1,000.0% during the fourth quarter. Quarry LP now owns 473 shares of the software maker's stock valued at $35,000 after acquiring an additional 430 shares during the last quarter. Johnson Financial Group Inc. purchased a new stake in shares of ePlus in the fourth quarter valued at $60,000. Finally, Meeder Asset Management Inc. bought a new stake in shares of ePlus in the 4th quarter worth about $61,000. Institutional investors own 93.80% of the company's stock.

Analyst Ratings Changes

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

ePlus Trading Down 0.2%

PLUS stock traded down $0.17 during trading on Thursday, hitting $70.67. The company had a trading volume of 79,232 shares, compared to its average volume of 211,044. The company has a 50 day simple moving average of $63.17 and a 200-day simple moving average of $69.97. The company has a quick ratio of 1.69, a current ratio of 1.83 and a debt-to-equity ratio of 0.01. ePlus inc. has a 52-week low of $53.83 and a 52-week high of $106.98. The firm has a market capitalization of $1.87 billion, a P/E ratio of 18.03, a PEG ratio of 1.83 and a beta of 1.12.

ePlus (NASDAQ:PLUS - Get Free Report) last posted its earnings results on Thursday, May 22nd. The software maker reported $0.95 earnings per share for the quarter, topping analysts' consensus estimates of $0.87 by $0.08. ePlus had a return on equity of 11.23% and a net margin of 4.93%. The company had revenue of $498.11 million during the quarter, compared to analyst estimates of $523.85 million. As a group, research analysts forecast that ePlus inc. will post 3.78 earnings per share for the current fiscal year.

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.