Northern Trust Corp Boosts Stake in ePlus inc. (NASDAQ:PLUS)

Northern Trust Corp lifted its position in ePlus inc. (NASDAQ:PLUS) by 8.2% in the fourth quarter, Holdings Channel reports. The firm owned 496,648 shares of the software maker’s stock after acquiring an additional 37,496 shares during the period. Northern Trust Corp’s holdings in ePlus were worth $36,692,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. American Century Companies Inc. boosted its holdings in shares of ePlus by 18.2% in the fourth quarter. American Century Companies Inc. now owns 790,332 shares of the software maker’s stock valued at $58,390,000 after acquiring an additional 121,945 shares during the period. Mirabella Financial Services LLP acquired a new stake in ePlus during the 4th quarter worth $43,517,000. Price T Rowe Associates Inc. MD grew its position in ePlus by 20.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 226,724 shares of the software maker’s stock worth $16,751,000 after purchasing an additional 38,317 shares during the last quarter. Rockefeller Capital Management L.P. acquired a new position in ePlus in the fourth quarter valued at $15,590,000. Finally, Swedbank AB acquired a new position in ePlus in the fourth quarter valued at $11,082,000. Institutional investors and hedge funds own 93.80% of the company’s stock.

ePlus Price Performance

Shares of PLUS opened at $63.90 on Friday. The company has a current ratio of 1.83, a quick ratio of 1.69 and a debt-to-equity ratio of 0.01. The stock’s 50 day moving average is $61.83 and its two-hundred day moving average is $73.02. ePlus inc. has a twelve month low of $53.83 and a twelve month high of $106.98. The firm has a market capitalization of $1.70 billion, a PE ratio of 16.30, a P/E/G ratio of 1.83 and a beta of 1.12.

ePlus (NASDAQ:PLUS) last posted 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%. Research analysts anticipate that ePlus inc. will post 3.78 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com raised ePlus from a “hold” rating to a “buy” rating in a report on Friday, April 18th.

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.