Barclays PLC Raises Stake in ePlus inc. (NASDAQ:PLUS)

Barclays PLC raised its holdings in ePlus inc. (NASDAQ:PLUS) by 82.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 80,328 shares of the software maker’s stock after purchasing an additional 36,267 shares during the quarter. Barclays PLC owned about 0.30% of ePlus worth $7,899,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Pacer Advisors Inc. increased its position in ePlus by 19.8% in the 3rd quarter. Pacer Advisors Inc. now owns 1,387,899 shares of the software maker’s stock valued at $136,486,000 after acquiring an additional 229,837 shares during the period. FMR LLC grew its stake in shares of ePlus by 70.9% in the 3rd quarter. FMR LLC now owns 1,117,812 shares of the software maker’s stock valued at $109,926,000 after purchasing an additional 463,621 shares during the last quarter. State Street Corp increased its holdings in shares of ePlus by 0.6% in the third quarter. State Street Corp now owns 1,021,341 shares of the software maker’s stock valued at $100,439,000 after purchasing an additional 6,241 shares during the period. Wellington Management Group LLP increased its holdings in shares of ePlus by 20.4% in the third quarter. Wellington Management Group LLP now owns 968,998 shares of the software maker’s stock valued at $95,291,000 after purchasing an additional 164,016 shares during the period. Finally, American Century Companies Inc. raised its stake in shares of ePlus by 75.5% during the second quarter. American Century Companies Inc. now owns 487,069 shares of the software maker’s stock worth $35,887,000 after purchasing an additional 209,511 shares during the last quarter. 93.80% of the stock is owned by hedge funds and other institutional investors.

ePlus Price Performance

Shares of NASDAQ:PLUS opened at $77.63 on Wednesday. ePlus inc. has a 52 week low of $56.33 and a 52 week high of $106.98. The company has a 50-day moving average price of $88.51 and a 200 day moving average price of $86.46. The company has a market cap of $2.08 billion, a P/E ratio of 19.26, a PEG 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.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of ePlus from a “buy” rating to a “hold” rating in a research 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.