Legal & General Group Plc increased its position in shares of ePlus Inc. (NASDAQ:PLUS) by 8.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 29,183 shares of the software maker’s stock after purchasing an additional 2,229 shares during the quarter. Legal & General Group Plc owned approximately 0.21% of ePlus worth $2,703,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in PLUS. Meeder Asset Management Inc. boosted its holdings in ePlus by 431.8% during the third quarter. Meeder Asset Management Inc. now owns 1,622 shares of the software maker’s stock worth $151,000 after purchasing an additional 1,317 shares during the last quarter. Bessemer Group Inc. bought a new stake in ePlus in the third quarter worth about $185,000. Zions Bancorporation bought a new stake in ePlus in the third quarter worth about $197,000. Campbell & CO Investment Adviser LLC bought a new stake in ePlus in the third quarter worth about $322,000. Finally, Trexquant Investment LP bought a new stake in ePlus in the third quarter worth about $339,000. Institutional investors and hedge funds own 91.39% of the company’s stock.
Shares of PLUS stock opened at $80.14 on Thursday. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of 18.99 and a beta of 1.26. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.53 and a current ratio of 1.70. ePlus Inc. has a 52 week low of $65.52 and a 52 week high of $107.25.
Several brokerages have commented on PLUS. BidaskClub raised shares of ePlus from a “sell” rating to a “hold” rating in a research report on Wednesday, October 24th. Zacks Investment Research lowered shares of ePlus from a “hold” rating to a “sell” rating in a research report on Thursday, October 11th. Sidoti began coverage on shares of ePlus in a research report on Monday, November 19th. They issued a “neutral” rating and a $86.00 price objective on the stock. ValuEngine raised shares of ePlus from a “strong sell” rating to a “sell” rating in a research report on Wednesday, January 2nd. Finally, Berenberg Bank began coverage on shares of ePlus in a research report on Friday, November 16th. They issued a “buy” rating and a $96.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $99.00.
ePlus inc., through its subsidiaries, provides information technology solutions that enable organizations to optimize their information technology (IT) environment and supply chain processes in the United States. It operates in two segments, Technology and Financing. The Technology segment offers hardware, software, maintenance, software assurance, and internally-provided and outsourced services; and advanced professional and managed services, including ePlus managed, professional, security, staff augmentation, server and desktop support, and project management services.
Further Reading: Return on Equity (ROE)
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