American Century Companies Inc. Has $58.39 Million Position in ePlus inc. (NASDAQ:PLUS)

American Century Companies Inc. grew its position in shares of ePlus inc. (NASDAQ:PLUS) by 18.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 790,332 shares of the software maker’s stock after purchasing an additional 121,945 shares during the quarter. American Century Companies Inc. owned approximately 2.95% of ePlus worth $58,390,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Smartleaf Asset Management LLC boosted its position in ePlus by 91.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 342 shares of the software maker’s stock worth $25,000 after buying an additional 163 shares during the period. Larson Financial Group LLC raised its stake in shares of ePlus by 6,140.0% during the third quarter. Larson Financial Group LLC now owns 312 shares of the software maker’s stock valued at $31,000 after acquiring an additional 307 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of ePlus by 256.8% during the fourth quarter. Jones Financial Companies Lllp now owns 421 shares of the software maker’s stock worth $31,000 after purchasing an additional 303 shares during the period. National Bank of Canada FI bought a new stake in shares of ePlus in the third quarter worth $76,000. Finally, Quent Capital LLC acquired a new stake in ePlus in the fourth quarter valued at $94,000. 93.80% of the stock is currently owned by institutional investors.

ePlus Stock Down 2.5 %

ePlus stock opened at $64.32 on Wednesday. The firm has a market cap of $1.71 billion, a price-to-earnings ratio of 16.41, a PEG ratio of 1.83 and a beta of 1.15. ePlus inc. has a 52-week low of $61.75 and a 52-week high of $106.98. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.69 and a current ratio of 1.83. The firm has a 50 day moving average price of $70.73 and a two-hundred day moving average price of $81.34.

ePlus (NASDAQ:PLUS) last posted its quarterly earnings data on Wednesday, February 5th. The software maker reported $0.91 earnings per share for the quarter, missing the consensus estimate of $1.28 by ($0.37). ePlus had a return on equity of 11.23% and a net margin of 4.93%. Equities analysts predict that ePlus inc. will post 3.78 EPS for the current year.

Wall Street Analysts Forecast Growth

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

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.