State Street Corp Boosts Stock Holdings in ePlus inc. (NASDAQ:PLUS)

State Street Corp increased its stake in ePlus inc. (NASDAQ:PLUS) by 0.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,021,341 shares of the software maker’s stock after acquiring an additional 6,241 shares during the period. State Street Corp owned approximately 3.80% of ePlus worth $100,439,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Larson Financial Group LLC increased its holdings in ePlus by 6,140.0% during the 3rd quarter. Larson Financial Group LLC now owns 312 shares of the software maker’s stock worth $31,000 after purchasing an additional 307 shares during the period. GAMMA Investing LLC grew its position in shares of ePlus by 203.2% during the third quarter. GAMMA Investing LLC now owns 376 shares of the software maker’s stock worth $37,000 after buying an additional 252 shares in the last quarter. CWM LLC increased its stake in shares of ePlus by 1,247.7% during the second quarter. CWM LLC now owns 593 shares of the software maker’s stock worth $44,000 after buying an additional 549 shares during the period. Innealta Capital LLC acquired a new stake in ePlus in the second quarter valued at approximately $66,000. Finally, Advisors Asset Management Inc. lifted its stake in ePlus by 43.9% in the third quarter. Advisors Asset Management Inc. now owns 1,121 shares of the software maker’s stock worth $110,000 after acquiring an additional 342 shares during the last quarter. 93.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

ePlus Stock Down 1.6 %

Shares of NASDAQ PLUS opened at $77.14 on Monday. The business has a 50-day moving average of $89.31 and a two-hundred day moving average of $86.32. The company has a market capitalization of $2.07 billion, a price-to-earnings ratio of 19.14, a price-to-earnings-growth ratio of 1.82 and a beta of 1.08. ePlus inc. has a 1 year low of $56.33 and a 1 year high of $106.98. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.85 and a quick ratio of 1.71.

ePlus 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.