State Street Corp Boosts Holdings in ePlus inc. (NASDAQ:PLUS)

State Street Corp boosted its stake in ePlus inc. (NASDAQ:PLUS) by 0.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,021,341 shares of the software maker’s stock after acquiring an additional 6,241 shares during the period. State Street Corp’s holdings in ePlus were worth $100,439,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. CWM LLC increased its position in shares of ePlus by 1,247.7% during the second quarter. CWM LLC now owns 593 shares of the software maker’s stock worth $44,000 after purchasing an additional 549 shares in the last quarter. SummerHaven Investment Management LLC grew its stake in ePlus by 1.6% during the 2nd quarter. SummerHaven Investment Management LLC now owns 13,020 shares of the software maker’s stock worth $959,000 after buying an additional 203 shares during the last quarter. Louisiana State Employees Retirement System increased its position in ePlus by 1.5% during the second quarter. Louisiana State Employees Retirement System now owns 13,400 shares of the software maker’s stock worth $987,000 after buying an additional 200 shares during the period. Argent Capital Management LLC lifted its stake in ePlus by 60.9% in the second quarter. Argent Capital Management LLC now owns 12,683 shares of the software maker’s stock valued at $934,000 after buying an additional 4,802 shares during the last quarter. Finally, Legato Capital Management LLC boosted its holdings in shares of ePlus by 2.8% in the second quarter. Legato Capital Management LLC now owns 86,811 shares of the software maker’s stock valued at $6,396,000 after acquiring an additional 2,371 shares during the period. 93.80% of the stock is owned by hedge funds and other institutional investors.

ePlus Stock Performance

Shares of PLUS stock opened at $77.14 on Monday. The stock’s 50-day moving average price is $89.31 and its 200 day moving average price is $86.32. ePlus inc. has a 52-week low of $56.33 and a 52-week high of $106.98. The stock has a market capitalization of $2.07 billion, a PE ratio of 19.14, a price-to-earnings-growth ratio of 1.82 and a beta of 1.08. The company has a quick ratio of 1.71, a current ratio of 1.85 and a debt-to-equity ratio of 0.01.

Analyst Ratings Changes

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

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.