Intech Investment Management LLC Has $1.33 Million Holdings in ePlus inc. (NASDAQ:PLUS)

Intech Investment Management LLC raised its holdings in shares of ePlus inc. (NASDAQ:PLUS) by 134.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,980 shares of the software maker’s stock after purchasing an additional 10,299 shares during the period. Intech Investment Management LLC owned 0.07% of ePlus worth $1,328,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. HighTower Advisors LLC lifted its position in ePlus by 21.3% during the 4th quarter. HighTower Advisors LLC now owns 2,816 shares of the software maker’s stock valued at $208,000 after purchasing an additional 495 shares during the period. Haven Private LLC acquired a new position in ePlus during the 4th quarter valued at about $555,000. Destination Wealth Management acquired a new position in ePlus during the 4th quarter valued at about $296,000. Raymond James Financial Inc. acquired a new stake in shares of ePlus in the 4th quarter valued at approximately $8,683,000. Finally, Assetmark Inc. raised its position in shares of ePlus by 10.4% in the 4th quarter. Assetmark Inc. now owns 20,914 shares of the software maker’s stock valued at $1,545,000 after acquiring an additional 1,971 shares during the period. 93.80% of the stock is currently owned by institutional investors and hedge funds.

ePlus Stock Performance

Shares of NASDAQ:PLUS opened at $64.15 on Friday. The company has a market capitalization of $1.71 billion, a price-to-earnings ratio of 16.36, a P/E/G ratio of 1.83 and a beta of 1.15. The firm’s 50 day simple moving average is $71.24 and its 200 day simple moving average is $81.80. 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 fifty-two week low of $61.75 and a fifty-two week high of $106.98.

ePlus (NASDAQ:PLUS) last announced its quarterly earnings results 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 forecast that ePlus inc. will post 3.78 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

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.