JPMorgan Chase & Co. Raises Position in ePlus inc. (NASDAQ:PLUS)

JPMorgan Chase & Co. increased its position in ePlus inc. (NASDAQ:PLUS - Free Report) by 126.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 124,251 shares of the software maker's stock after purchasing an additional 69,410 shares during the period. JPMorgan Chase & Co. owned 0.46% of ePlus worth $9,180,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Smartleaf Asset Management LLC increased its stake in ePlus by 91.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 342 shares of the software maker's stock valued at $25,000 after buying an additional 163 shares during the period. Cascade Investment Advisors Inc. increased its stake in shares of ePlus by 1.7% during the fourth quarter. Cascade Investment Advisors Inc. now owns 16,004 shares of the software maker's stock worth $1,182,000 after acquiring an additional 275 shares during the period. Jones Financial Companies Lllp raised its holdings in ePlus by 256.8% during the fourth quarter. Jones Financial Companies Lllp now owns 421 shares of the software maker's stock worth $31,000 after purchasing an additional 303 shares in the last quarter. Bridge City Capital LLC increased its position in ePlus by 1.0% during the 4th quarter. Bridge City Capital LLC now owns 36,272 shares of the software maker's stock worth $2,680,000 after purchasing an additional 342 shares during the period. Finally, KBC Group NV increased its position in ePlus by 48.9% during the 4th quarter. KBC Group NV now owns 1,380 shares of the software maker's stock worth $102,000 after purchasing an additional 453 shares during the period. 93.80% of the stock is owned by institutional investors and hedge funds.

ePlus Price Performance

PLUS stock traded up $0.86 during trading on Friday, reaching $59.08. 129,841 shares of the company were exchanged, compared to its average volume of 234,835. The stock's 50 day moving average price is $63.21 and its 200 day moving average price is $76.46. ePlus inc. has a 52-week low of $53.83 and a 52-week high of $106.98. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.69 and a current ratio of 1.83. The company has a market cap of $1.57 billion, a P/E ratio of 15.07, a PEG ratio of 1.83 and a beta of 1.12.

ePlus (NASDAQ:PLUS - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The software maker reported $0.91 earnings per share for the quarter, missing the consensus estimate of $1.28 by ($0.37). ePlus had a net margin of 4.93% and a return on equity of 11.23%. As a group, analysts predict that ePlus inc. will post 3.78 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded ePlus from a "hold" rating to a "buy" rating in a research note on Friday.

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.