ePlus inc. (NASDAQ:PLUS) Shares Bought by Northern Trust Corp

Northern Trust Corp lifted its holdings in shares of ePlus inc. (NASDAQ:PLUS) by 8.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 496,648 shares of the software maker’s stock after purchasing an additional 37,496 shares during the quarter. Northern Trust Corp owned about 1.85% of ePlus worth $36,692,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Mirabella Financial Services LLP acquired a new position in shares of ePlus in the fourth quarter worth $43,517,000. Rockefeller Capital Management L.P. acquired a new stake in ePlus in the 4th quarter valued at about $15,590,000. Swedbank AB purchased a new position in shares of ePlus in the 4th quarter valued at about $11,082,000. American Century Companies Inc. increased its stake in shares of ePlus by 18.2% during the fourth quarter. American Century Companies Inc. now owns 790,332 shares of the software maker’s stock worth $58,390,000 after buying an additional 121,945 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in ePlus in the fourth quarter valued at approximately $8,683,000. Hedge funds and other institutional investors own 93.80% of the company’s stock.

ePlus Stock Down 2.4 %

Shares of NASDAQ PLUS opened at $63.90 on Friday. The business has a 50-day moving average of $61.83 and a two-hundred day moving average of $73.02. The company has a market capitalization of $1.70 billion, a price-to-earnings ratio of 16.30, a price-to-earnings-growth ratio of 1.83 and a beta of 1.12. ePlus inc. has a 1 year low of $53.83 and a 1 year high of $106.98. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.83 and a quick ratio of 1.69.

ePlus (NASDAQ:PLUS) last announced its quarterly 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%. On average, analysts forecast that ePlus inc. will post 3.78 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

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.