ePlus inc. (NASDAQ:PLUS) Shares Bought by Lazard Asset Management LLC

Lazard Asset Management LLC grew its stake in shares of ePlus inc. (NASDAQ:PLUS - Free Report) by 39.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,773 shares of the software maker's stock after purchasing an additional 6,476 shares during the quarter. Lazard Asset Management LLC owned approximately 0.08% of ePlus worth $1,682,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Castlekeep Investment Advisors LLC acquired a new stake in ePlus during the 4th quarter worth $127,898,000. Mirabella Financial Services LLP purchased a new position in shares of ePlus during the fourth quarter worth about $43,517,000. Rockefeller Capital Management L.P. acquired a new stake in shares of ePlus during the fourth quarter worth about $15,590,000. Swedbank AB purchased a new stake in shares of ePlus in the 4th quarter valued at about $11,082,000. Finally, American Century Companies Inc. boosted its position in shares of ePlus by 18.2% in the 4th quarter. American Century Companies Inc. now owns 790,332 shares of the software maker's stock valued at $58,390,000 after purchasing an additional 121,945 shares during the period. Hedge funds and other institutional investors 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 report on Friday, April 18th.

ePlus Stock Performance

PLUS stock traded up $0.30 on Thursday, hitting $65.69. The company's stock had a trading volume of 197,390 shares, compared to its average volume of 212,619. The stock has a market cap of $1.75 billion, a price-to-earnings ratio of 16.76, a price-to-earnings-growth ratio of 1.83 and a beta of 1.12. The firm has a 50 day moving average of $62.10 and a two-hundred day moving average of $71.41. The company has a current ratio of 1.83, a quick ratio of 1.69 and a debt-to-equity ratio of 0.01. ePlus inc. has a 1 year low of $53.83 and a 1 year high of $106.98.

ePlus (NASDAQ:PLUS - Get Free Report) last released its quarterly earnings results on Thursday, May 22nd. The software maker reported $0.95 earnings per share (EPS) 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%. Equities analysts predict that ePlus inc. will post 3.78 EPS for the current fiscal year.

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.