ePlus inc. (NASDAQ:PLUS) Shares Acquired by Janus Henderson Group PLC

Janus Henderson Group PLC grew its holdings in shares of ePlus inc. (NASDAQ:PLUS - Free Report) by 28.0% during the 4th quarter, according to its most recent 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 approximately 0.28% of ePlus worth $5,487,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC increased its position in ePlus by 91.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 342 shares of the software maker's stock worth $25,000 after purchasing an additional 163 shares during the period. Jones Financial Companies Lllp increased 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 purchasing an additional 303 shares during the period. 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 worth $35,000 after purchasing an additional 430 shares during the period. Johnson Financial Group Inc. acquired a new position in ePlus during the 4th quarter worth approximately $60,000. Finally, Meeder Asset Management Inc. acquired a new position in ePlus during the 4th quarter worth approximately $61,000. Institutional investors and hedge funds own 93.80% of the company's stock.

Analysts Set New Price Targets

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

ePlus Price Performance

NASDAQ PLUS traded up $1.28 during mid-day trading on Friday, hitting $66.97. The stock had a trading volume of 293,144 shares, compared to its average volume of 213,440. ePlus inc. has a 52-week low of $53.83 and a 52-week high of $106.98. The company has a market cap of $1.78 billion, a price-to-earnings ratio of 17.08, a P/E/G ratio of 1.83 and a beta of 1.12. The company has a 50 day simple moving average of $62.19 and a 200 day simple moving average of $70.91. 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 (NASDAQ:PLUS - Get Free Report) last released its quarterly earnings data on Thursday, May 22nd. The software maker reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.08. ePlus had a return on equity of 11.23% and a net margin of 4.93%. The firm had revenue of $498.11 million during the quarter, compared to the consensus estimate of $523.85 million. Equities analysts forecast that ePlus inc. will post 3.78 EPS for the current fiscal 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.