117,522 Shares in ePlus inc. (NASDAQ:PLUS) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. purchased a new position in shares of ePlus inc. (NASDAQ:PLUS) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 117,522 shares of the software maker’s stock, valued at approximately $8,683,000. Raymond James Financial Inc. owned approximately 0.44% of ePlus as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in the company. Smartleaf Asset Management LLC increased its position in shares of ePlus by 91.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 342 shares of the software maker’s stock worth $25,000 after purchasing an additional 163 shares in the last quarter. Cascade Investment Advisors Inc. increased its position in shares of ePlus by 1.7% during the fourth quarter. Cascade Investment Advisors Inc. now owns 16,004 shares of the software maker’s stock worth $1,182,000 after purchasing an additional 275 shares in the last quarter. Jones Financial Companies Lllp increased its position 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 in the last quarter. Larson Financial Group LLC increased its position 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 worth $31,000 after purchasing an additional 307 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its position in shares of ePlus by 43.9% during the third quarter. Advisors Asset Management Inc. now owns 1,121 shares of the software maker’s stock worth $110,000 after purchasing an additional 342 shares in 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 lowered ePlus from a “buy” rating to a “hold” rating in a research note on Wednesday.

ePlus Stock Performance

NASDAQ PLUS opened at $64.15 on Friday. The stock’s fifty day moving average is $71.24 and its two-hundred day moving average is $81.80. The firm has a market capitalization of $1.71 billion, a P/E ratio of 16.36, a price-to-earnings-growth ratio of 1.83 and a beta of 1.15. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.69 and a current ratio of 1.83. ePlus inc. has a fifty-two week low of $61.75 and a fifty-two week high of $106.98.

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 return on equity of 11.23% and a net margin of 4.93%. On average, research analysts anticipate that ePlus inc. will post 3.78 earnings per share for the current year.

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.