Barclays PLC Raises Stake in ePlus inc. (NASDAQ:PLUS)

Barclays PLC increased its stake in ePlus inc. (NASDAQ:PLUS) by 82.3% in the third quarter, HoldingsChannel.com reports. The firm owned 80,328 shares of the software maker’s stock after acquiring an additional 36,267 shares during the quarter. Barclays PLC’s holdings in ePlus were worth $7,899,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Larson Financial Group LLC grew its position in 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 buying an additional 307 shares during the period. GAMMA Investing LLC grew its holdings in shares of ePlus by 203.2% in the 3rd quarter. GAMMA Investing LLC now owns 376 shares of the software maker’s stock worth $37,000 after acquiring an additional 252 shares during the period. CWM LLC increased its stake in ePlus by 1,247.7% in the 2nd quarter. CWM LLC now owns 593 shares of the software maker’s stock valued at $44,000 after purchasing an additional 549 shares in the last quarter. Innealta Capital LLC acquired a new position in ePlus during the second quarter worth $66,000. Finally, National Bank of Canada FI acquired a new position in ePlus during the third quarter worth $76,000. Institutional investors and hedge funds own 93.80% of the company’s stock.

ePlus Stock Performance

Shares of PLUS opened at $77.63 on Wednesday. ePlus inc. has a 12-month low of $56.33 and a 12-month high of $106.98. The stock has a market cap of $2.08 billion, a P/E ratio of 19.26, a PEG ratio of 1.82 and a beta of 1.08. The company has a current ratio of 1.85, a quick ratio of 1.71 and a debt-to-equity ratio of 0.01. The company has a 50-day moving average of $88.51 and a two-hundred day moving average of $86.46.

Wall Street Analyst Weigh In

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

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.