Raymond James Financial Inc. Takes Position in ePlus inc. (NASDAQ:PLUS)

Raymond James Financial Inc. purchased a new stake in ePlus inc. (NASDAQ:PLUS) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 117,522 shares of the software maker’s stock, valued at approximately $8,683,000.

Other large investors have also modified their holdings of the company. Smartleaf Asset Management LLC lifted its stake in shares of ePlus by 91.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 342 shares of the software maker’s stock valued at $25,000 after purchasing an additional 163 shares during the last quarter. Larson Financial Group LLC lifted its stake in shares of ePlus by 6,140.0% in the 3rd quarter. Larson Financial Group LLC now owns 312 shares of the software maker’s stock valued at $31,000 after purchasing an additional 307 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in shares of ePlus by 256.8% in the 4th quarter. Jones Financial Companies Lllp now owns 421 shares of the software maker’s stock valued at $31,000 after purchasing an additional 303 shares during the last quarter. National Bank of Canada FI acquired a new position in shares of ePlus in the 3rd quarter valued at $76,000. Finally, Quent Capital LLC purchased a new stake in shares of ePlus in the 4th quarter valued at $94,000. Institutional investors and hedge funds own 93.80% of the company’s stock.

ePlus Price Performance

PLUS stock opened at $64.15 on Friday. The company has a current ratio of 1.83, a quick ratio of 1.69 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $1.71 billion, a PE ratio of 16.36, a P/E/G ratio of 1.83 and a beta of 1.15. ePlus inc. has a 12-month low of $61.75 and a 12-month high of $106.98. The business’s fifty day moving average price is $71.24 and its 200 day moving average price is $81.80.

ePlus (NASDAQ:PLUS) last posted its quarterly earnings data on Wednesday, February 5th. The software maker reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.28 by ($0.37). ePlus had a net margin of 4.93% and a return on equity of 11.23%. On average, sell-side analysts anticipate that ePlus inc. will post 3.78 EPS for the current year.

Analyst Ratings Changes

Separately, StockNews.com downgraded ePlus from a “buy” rating to a “hold” rating in a report on Wednesday.

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.