Bank of America Corp DE Has $9.83 Million Stock Position in ePlus inc. (NASDAQ:PLUS)

Bank of America Corp DE decreased its position in ePlus inc. (NASDAQ:PLUS - Free Report) by 4.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 132,984 shares of the software maker's stock after selling 5,638 shares during the quarter. Bank of America Corp DE owned 0.50% of ePlus worth $9,825,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Smartleaf Asset Management LLC boosted its position in ePlus by 91.1% in the fourth 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. Foundry Partners LLC boosted its holdings in shares of ePlus by 3.8% in the 4th quarter. Foundry Partners LLC now owns 7,469 shares of the software maker's stock worth $552,000 after acquiring an additional 274 shares in the last quarter. Cascade Investment Advisors Inc. boosted its holdings in shares of ePlus by 1.7% in the 4th quarter. Cascade Investment Advisors Inc. now owns 16,004 shares of the software maker's stock worth $1,182,000 after acquiring an additional 275 shares in the last quarter. Jones Financial Companies Lllp grew its position 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 acquiring an additional 303 shares during the last quarter. Finally, Huntington National Bank increased its holdings in 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 purchasing an additional 308 shares in the last quarter. Institutional investors and hedge funds own 93.80% of the company's stock.

Wall Street Analysts Forecast Growth

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

ePlus Price Performance

NASDAQ PLUS traded up $0.79 on Thursday, hitting $71.12. 157,379 shares of the company were exchanged, compared to its average volume of 212,639. ePlus inc. has a 1-year low of $53.83 and a 1-year high of $106.98. The firm has a 50 day moving average of $62.57 and a two-hundred day moving average of $70.31. The company has a current ratio of 1.83, a quick ratio of 1.69 and a debt-to-equity ratio of 0.01. The company has a market cap of $1.89 billion, a P/E ratio of 18.14, a P/E/G ratio of 1.83 and a beta of 1.12.

ePlus (NASDAQ:PLUS - Get Free Report) last released its quarterly earnings results on Thursday, May 22nd. The software maker reported $0.95 EPS for the quarter, beating 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 for the quarter, compared to analysts' expectations of $523.85 million. On average, equities analysts predict that ePlus inc. will post 3.78 EPS for the current 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.