Zions Bancorporation N.A. Increases Position in ePlus inc. (NASDAQ:PLUS)

Zions Bancorporation N.A. boosted its position in ePlus inc. (NASDAQ:PLUS) by 19.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,417 shares of the software maker’s stock after acquiring an additional 4,413 shares during the quarter. Zions Bancorporation N.A. owned 0.10% of ePlus worth $2,026,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. EntryPoint Capital LLC bought a new position in shares of ePlus during the 4th quarter valued at about $370,000. Bridge City Capital LLC boosted its stake in ePlus by 1.0% in the fourth quarter. Bridge City Capital LLC now owns 36,272 shares of the software maker’s stock worth $2,680,000 after buying an additional 342 shares in the last quarter. LPL Financial LLC grew its position in ePlus by 20.0% during the fourth quarter. LPL Financial LLC now owns 32,684 shares of the software maker’s stock valued at $2,584,000 after acquiring an additional 5,443 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of ePlus during the fourth quarter worth approximately $384,000. Finally, AXQ Capital LP bought a new stake in shares of ePlus in the 4th quarter worth approximately $218,000. Hedge funds and other institutional investors own 93.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of ePlus from a “buy” rating to a “hold” rating in a report on Wednesday, March 19th.

ePlus Trading Down 2.5 %

Shares of PLUS stock opened at $64.32 on Wednesday. The business has a 50-day moving average of $70.73 and a 200 day moving average of $81.34. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.83 and a quick ratio of 1.69. ePlus inc. has a 1-year low of $61.75 and a 1-year high of $106.98. The stock has a market capitalization of $1.71 billion, a PE ratio of 16.41, a P/E/G ratio of 1.83 and a beta of 1.15.

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

About ePlus

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.