Envestnet Asset Management Inc. Has $700,000 Stock Position in ePlus Inc. (NASDAQ:PLUS)

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Envestnet Asset Management Inc. raised its holdings in ePlus Inc. (NASDAQ:PLUS) by 1.9% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,900 shares of the software maker’s stock after buying an additional 185 shares during the quarter. Envestnet Asset Management Inc. owned 0.07% of ePlus worth $700,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in PLUS. Norges Bank acquired a new stake in ePlus in the 4th quarter valued at approximately $10,913,000. BlackRock Inc. grew its holdings in ePlus by 4.4% in the 1st quarter. BlackRock Inc. now owns 2,250,202 shares of the software maker’s stock valued at $140,908,000 after buying an additional 94,438 shares during the last quarter. Eagle Asset Management Inc. acquired a new stake in ePlus in the 1st quarter valued at approximately $5,837,000. Nuveen Asset Management LLC grew its holdings in ePlus by 100.2% in the 1st quarter. Nuveen Asset Management LLC now owns 161,957 shares of the software maker’s stock valued at $10,141,000 after buying an additional 81,061 shares during the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC grew its holdings in ePlus by 1,514.3% in the 1st quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 45,200 shares of the software maker’s stock valued at $2,830,000 after buying an additional 42,400 shares during the last quarter. 90.83% of the stock is currently owned by hedge funds and other institutional investors.

ePlus stock opened at $74.54 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.68 and a quick ratio of 1.55. The company has a market capitalization of $1.01 billion, a PE ratio of 14.45 and a beta of 1.11. ePlus Inc. has a one year low of $42.53 and a one year high of $99.63. The business has a 50 day simple moving average of $70.56 and a 200 day simple moving average of $71.66.

ePlus (NASDAQ:PLUS) last posted its earnings results on Thursday, May 21st. The software maker reported $1.24 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.95 by $0.29. The business had revenue of $366.48 million during the quarter, compared to the consensus estimate of $361.15 million. ePlus had a return on equity of 15.04% and a net margin of 4.35%. Equities analysts anticipate that ePlus Inc. will post 4.11 earnings per share for the current fiscal year.

Several brokerages have recently weighed in on PLUS. BidaskClub raised ePlus from a “sell” rating to a “hold” rating in a report on Saturday, July 18th. ValuEngine lowered ePlus from a “hold” rating to a “sell” rating in a report on Tuesday, May 26th. Finally, Zacks Investment Research raised ePlus from a “strong sell” rating to a “hold” rating in a report on Thursday, July 23rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $96.67.

About ePlus

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.

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Institutional Ownership by Quarter for ePlus (NASDAQ:PLUS)

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