Argent Capital Management LLC Acquires 5,564 Shares of ePlus inc. (NASDAQ:PLUS)

Argent Capital Management LLC increased its stake in ePlus inc. (NASDAQ:PLUS) by 38.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 20,166 shares of the software maker’s stock after purchasing an additional 5,564 shares during the quarter. Argent Capital Management LLC’s holdings in ePlus were worth $1,490,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Texas Permanent School Fund Corp grew its position in ePlus by 3.8% during the second quarter. Texas Permanent School Fund Corp now owns 24,201 shares of the software maker’s stock worth $1,783,000 after buying an additional 882 shares in the last quarter. American Century Companies Inc. raised its position in ePlus by 75.5% in the 2nd quarter. American Century Companies Inc. now owns 487,069 shares of the software maker’s stock worth $35,887,000 after purchasing an additional 209,511 shares during the period. Lumbard & Kellner LLC lifted its stake in shares of ePlus by 0.9% in the 2nd quarter. Lumbard & Kellner LLC now owns 31,589 shares of the software maker’s stock valued at $2,327,000 after acquiring an additional 274 shares during the last quarter. Hsbc Holdings PLC lifted its position in ePlus by 21.6% in the second quarter. Hsbc Holdings PLC now owns 5,134 shares of the software maker’s stock valued at $374,000 after purchasing an additional 912 shares during the last quarter. Finally, XTX Topco Ltd purchased a new stake in ePlus during the 2nd quarter valued at $336,000. Hedge funds and other institutional investors own 93.80% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com lowered ePlus from a “buy” rating to a “hold” rating in a research report on Friday, November 15th.

ePlus Trading Up 1.6 %

PLUS opened at $79.44 on Thursday. The business has a 50 day moving average of $79.37 and a 200-day moving average of $86.56. The company has a quick ratio of 1.71, a current ratio of 1.85 and a debt-to-equity ratio of 0.01. The stock has a market cap of $2.13 billion, a PE ratio of 19.71, a PEG ratio of 1.74 and a beta of 1.10. ePlus inc. has a 52 week low of $56.33 and a 52 week high of $106.98.

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.