Janus Henderson Group PLC Grows Stock Holdings in ePlus inc. (NASDAQ:PLUS)

Janus Henderson Group PLC raised its position in shares of ePlus inc. (NASDAQ:PLUS - Free Report) by 28.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 74,274 shares of the software maker's stock after purchasing an additional 16,259 shares during the period. Janus Henderson Group PLC owned 0.28% of ePlus worth $5,487,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Castlekeep Investment Advisors LLC bought a new position in ePlus during the fourth quarter valued at $127,898,000. American Century Companies Inc. boosted its holdings in shares of ePlus by 18.2% in the fourth quarter. American Century Companies Inc. now owns 790,332 shares of the software maker's stock worth $58,390,000 after acquiring an additional 121,945 shares during the period. Mirabella Financial Services LLP bought a new position in shares of ePlus in the fourth quarter worth $43,517,000. Northern Trust Corp boosted its holdings in shares of ePlus by 8.2% in the fourth quarter. Northern Trust Corp now owns 496,648 shares of the software maker's stock worth $36,692,000 after acquiring an additional 37,496 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of ePlus by 20.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 226,724 shares of the software maker's stock worth $16,751,000 after acquiring an additional 38,317 shares during the period. 93.80% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised ePlus from a "hold" rating to a "buy" rating in a report on Saturday.

ePlus Stock Performance

Shares of ePlus stock traded up $1.28 during trading hours on Friday, reaching $66.97. The company had a trading volume of 293,144 shares, compared to its average volume of 213,440. ePlus inc. has a one year low of $53.83 and a one year high of $106.98. The business has a fifty day simple moving average of $62.19 and a 200 day simple moving average of $71.10. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.83 and a quick ratio of 1.69. The firm has a market cap of $1.78 billion, a PE ratio of 17.08, a price-to-earnings-growth ratio of 1.83 and a beta of 1.12.

ePlus (NASDAQ:PLUS - Get Free Report) last posted its quarterly earnings results on Thursday, May 22nd. The software maker reported $0.95 EPS for the quarter, topping analysts' consensus estimates of $0.87 by $0.08. The firm had revenue of $498.11 million during the quarter, compared to analyst estimates of $523.85 million. ePlus had a return on equity of 11.23% and a net margin of 4.93%. On average, analysts anticipate 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.