Lazard Asset Management LLC Has $1.68 Million Stock Position in ePlus inc. (NASDAQ:PLUS)

Lazard Asset Management LLC lifted its holdings in ePlus inc. (NASDAQ:PLUS - Free Report) by 39.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. 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 0.08% of ePlus worth $1,682,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Castlekeep Investment Advisors LLC acquired a new position in ePlus during the 4th quarter valued at about $127,898,000. Mirabella Financial Services LLP bought a new position in shares of ePlus in the fourth quarter valued at approximately $43,517,000. Rockefeller Capital Management L.P. acquired a new position in shares of ePlus during the fourth quarter valued at approximately $15,590,000. Swedbank AB bought a new stake in ePlus during the fourth quarter worth approximately $11,082,000. Finally, American Century Companies Inc. raised its holdings in ePlus by 18.2% during the fourth quarter. American Century Companies Inc. now owns 790,332 shares of the software maker's stock worth $58,390,000 after purchasing an additional 121,945 shares in the last quarter. 93.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

ePlus Price Performance

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