ePlus inc. (NASDAQ:PLUS) Stake Raised by Cascade Investment Advisors Inc.

Cascade Investment Advisors Inc. lifted its stake in shares of ePlus inc. (NASDAQ:PLUS) by 1.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,004 shares of the software maker’s stock after purchasing an additional 275 shares during the period. Cascade Investment Advisors Inc.’s holdings in ePlus were worth $1,182,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Hsbc Holdings PLC grew its holdings in shares of ePlus by 21.6% during the second quarter. Hsbc Holdings PLC now owns 5,134 shares of the software maker’s stock valued at $374,000 after buying an additional 912 shares in the last quarter. Sei Investments Co. lifted its position in shares of ePlus by 3.8% in the second quarter. Sei Investments Co. now owns 17,004 shares of the software maker’s stock worth $1,253,000 after purchasing an additional 616 shares in the last quarter. Squarepoint Ops LLC boosted its holdings in shares of ePlus by 232.0% during the second quarter. Squarepoint Ops LLC now owns 44,929 shares of the software maker’s stock worth $3,310,000 after purchasing an additional 31,395 shares during the period. AQR Capital Management LLC grew its position in ePlus by 10.4% during the second quarter. AQR Capital Management LLC now owns 35,083 shares of the software maker’s stock valued at $2,585,000 after purchasing an additional 3,308 shares in the last quarter. Finally, Millennium Management LLC increased its stake in ePlus by 4,036.0% in the 2nd quarter. Millennium Management LLC now owns 251,430 shares of the software maker’s stock valued at $18,525,000 after buying an additional 245,351 shares during the period. 93.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded ePlus from a “buy” rating to a “hold” rating in a research note on Friday, November 15th.

ePlus Price Performance

NASDAQ:PLUS opened at $78.91 on Tuesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.71 and a current ratio of 1.85. The company has a 50-day moving average of $78.09 and a 200-day moving average of $87.04. The company has a market capitalization of $2.11 billion, a price-to-earnings ratio of 19.58, a PEG ratio of 1.83 and a beta of 1.10. ePlus inc. has a 52 week low of $56.33 and a 52 week high of $106.98.

ePlus Company 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.