ePlus inc. (NASDAQ:PLUS) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. grew its position in ePlus inc. (NASDAQ:PLUS - Free Report) by 15.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 198,729 shares of the software maker's stock after purchasing an additional 27,271 shares during the quarter. Victory Capital Management Inc. owned approximately 0.75% of ePlus worth $12,128,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Quarry LP grew its position in shares of ePlus by 1,000.0% in the 4th quarter. Quarry LP now owns 473 shares of the software maker's stock valued at $35,000 after buying an additional 430 shares during the last quarter. Versant Capital Management Inc boosted its holdings in shares of ePlus by 377.9% in the first quarter. Versant Capital Management Inc now owns 712 shares of the software maker's stock valued at $43,000 after acquiring an additional 563 shares in the last quarter. Johnson Financial Group Inc. purchased a new stake in ePlus during the fourth quarter worth about $60,000. Meeder Asset Management Inc. purchased a new stake in ePlus during the fourth quarter worth about $61,000. Finally, GAMMA Investing LLC boosted its holdings in ePlus by 625.5% during the first quarter. GAMMA Investing LLC now owns 1,023 shares of the software maker's stock worth $62,000 after buying an additional 882 shares in the last quarter. 93.80% of the stock is currently owned by institutional investors and hedge funds.

ePlus Price Performance

Shares of NASDAQ PLUS traded up $0.72 on Friday, hitting $67.12. The company's stock had a trading volume of 84,884 shares, compared to its average volume of 195,688. ePlus inc. has a 12-month low of $53.83 and a 12-month high of $106.98. The company has a market capitalization of $1.78 billion, a price-to-earnings ratio of 16.57, a price-to-earnings-growth ratio of 1.67 and a beta of 1.14. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.71 and a quick ratio of 1.56. The stock has a 50 day moving average of $70.15 and a 200-day moving average of $68.16.

ePlus (NASDAQ:PLUS - Get Free Report) last announced its quarterly earnings results on Thursday, May 22nd. The software maker reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.08. The company had revenue of $498.11 million for the quarter, compared to the consensus estimate of $523.85 million. ePlus had a net margin of 5.22% and a return on equity of 11.34%. As a group, research analysts predict that ePlus inc. will post 3.78 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded shares of ePlus from a "buy" rating to a "hold" rating in a report on Friday, June 27th.

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.