Price T Rowe Associates Inc. MD Increases Stake in ePlus inc. (NASDAQ:PLUS)

Price T Rowe Associates Inc. MD increased its stake in ePlus inc. (NASDAQ:PLUS - Free Report) by 20.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 226,724 shares of the software maker's stock after purchasing an additional 38,317 shares during the quarter. Price T Rowe Associates Inc. MD owned about 0.85% of ePlus worth $16,751,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PLUS. Smartleaf Asset Management LLC boosted 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 worth $25,000 after purchasing an additional 163 shares during the period. Jones Financial Companies Lllp lifted its holdings in shares of ePlus by 256.8% in the fourth quarter. Jones Financial Companies Lllp now owns 421 shares of the software maker's stock worth $31,000 after buying an additional 303 shares in the last quarter. Meeder Asset Management Inc. bought a new position in shares of ePlus in the fourth quarter valued at approximately $61,000. Huntington National Bank grew its stake in ePlus by 35.8% during the fourth quarter. Huntington National Bank now owns 1,168 shares of the software maker's stock valued at $86,000 after acquiring an additional 308 shares in the last quarter. Finally, Quent Capital LLC bought a new stake in ePlus during the 4th quarter worth approximately $94,000. 93.80% of the stock is currently owned by institutional investors.

ePlus Price Performance

Shares of NASDAQ:PLUS traded up $0.87 on Friday, hitting $63.88. The company's stock had a trading volume of 184,677 shares, compared to its average volume of 221,894. The company has a market capitalization of $1.70 billion, a PE ratio of 16.30, a PEG ratio of 1.83 and a beta of 1.12. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.83 and a quick ratio of 1.69. The company has a 50-day simple moving average of $61.84 and a 200 day simple moving average of $74.03. 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 issued its quarterly earnings results on Wednesday, February 5th. The software maker reported $0.91 EPS for the quarter, missing analysts' consensus estimates of $1.28 by ($0.37). ePlus had a return on equity of 11.23% and a net margin of 4.93%. Sell-side analysts forecast that ePlus inc. will post 3.78 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of ePlus from a "hold" rating to a "buy" rating in a research report on Friday, April 18th.

ePlus 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.