Allspring Global Investments Holdings LLC Boosts Stock Holdings in ePlus inc. (NASDAQ:PLUS)

Allspring Global Investments Holdings LLC lifted its stake in ePlus inc. (NASDAQ:PLUS) by 4.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 90,826 shares of the software maker’s stock after purchasing an additional 3,527 shares during the period. Allspring Global Investments Holdings LLC’s holdings in ePlus were worth $6,721,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in PLUS. Quent Capital LLC purchased a new position in ePlus during the 4th quarter valued at about $94,000. Entropy Technologies LP raised its position in shares of ePlus by 29.3% during the 4th quarter. Entropy Technologies LP now owns 4,408 shares of the software maker’s stock worth $326,000 after purchasing an additional 1,000 shares during the last quarter. GHP Investment Advisors Inc. lifted its position in shares of ePlus by 0.5% in the fourth quarter. GHP Investment Advisors Inc. now owns 103,342 shares of the software maker’s stock valued at $7,635,000 after acquiring an additional 533 shares in the last quarter. Caprock Group LLC acquired a new stake in shares of ePlus during the fourth quarter valued at $224,000. Finally, Swedbank AB acquired a new position in ePlus in the 4th quarter valued at about $11,082,000. Hedge funds and other institutional investors own 93.80% of the company’s stock.

ePlus Stock Up 0.5 %

Shares of NASDAQ PLUS opened at $70.05 on Thursday. The stock has a market capitalization of $1.86 billion, a PE ratio of 17.87, a P/E/G ratio of 1.86 and a beta of 1.10. The company has a quick ratio of 1.69, a current ratio of 1.83 and a debt-to-equity ratio of 0.01. The firm has a fifty day moving average of $75.68 and a 200-day moving average of $85.68. ePlus inc. has a 52-week low of $67.09 and a 52-week high of $106.98.

ePlus (NASDAQ:PLUS) last posted its 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 return on equity of 11.23% and a net margin of 4.93%. On average, analysts anticipate that ePlus inc. will post 3.78 EPS for the current year.

Analysts Set New Price Targets

Separately, StockNews.com raised ePlus from a “hold” rating to a “buy” rating in a research note on Friday, February 14th.

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.