ePlus inc. (NASDAQ:PLUS) Shares Purchased by LPL Financial LLC

LPL Financial LLC raised its stake in ePlus inc. (NASDAQ:PLUS - Free Report) by 20.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 32,684 shares of the software maker's stock after purchasing an additional 5,443 shares during the period. LPL Financial LLC owned 0.12% of ePlus worth $2,584,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Swedbank AB bought a new stake in ePlus during the fourth quarter valued at $11,082,000. American Century Companies Inc. boosted its holdings 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 buying an additional 121,945 shares during the period. Raymond James Financial Inc. bought a new stake in shares of ePlus during the 4th quarter valued at about $8,683,000. Geode Capital Management LLC raised its stake in ePlus by 16.8% during the third quarter. Geode Capital Management LLC now owns 731,909 shares of the software maker's stock worth $71,987,000 after acquiring an additional 105,526 shares during the period. Finally, Barclays PLC lifted its holdings in ePlus by 82.3% in the third quarter. Barclays PLC now owns 80,328 shares of the software maker's stock worth $7,899,000 after acquiring an additional 36,267 shares during the last quarter. Institutional investors and hedge funds own 93.80% of the company's stock.

ePlus Stock Performance

PLUS stock traded up $0.86 during mid-day trading on Friday, reaching $59.08. The company had a trading volume of 129,841 shares, compared to its average volume of 234,835. The stock's 50-day simple moving average is $63.21 and its two-hundred day simple moving average is $76.72. The stock has a market capitalization of $1.57 billion, a P/E ratio of 15.07, a P/E/G ratio of 1.83 and a beta of 1.12. 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 inc. has a one year low of $53.83 and a one year high of $106.98.

ePlus (NASDAQ:PLUS - Get Free Report) last posted its earnings results on Wednesday, February 5th. The software maker reported $0.91 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.28 by ($0.37). ePlus had a net margin of 4.93% and a return on equity of 11.23%. Research analysts anticipate that ePlus inc. will post 3.78 EPS for the current year.

Analysts Set New Price Targets

Separately, StockNews.com raised ePlus from a "hold" rating to a "buy" rating in a report 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.