Zions Bancorporation N.A. Grows Stake in ePlus inc. (NASDAQ:PLUS)

Zions Bancorporation N.A. grew its holdings in shares of ePlus inc. (NASDAQ:PLUS) by 19.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 27,417 shares of the software maker’s stock after acquiring an additional 4,413 shares during the quarter. Zions Bancorporation N.A.’s holdings in ePlus were worth $2,026,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PLUS. Smartleaf Asset Management LLC increased 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 valued at $25,000 after purchasing an additional 163 shares during the period. Cascade Investment Advisors Inc. boosted its stake in shares of ePlus by 1.7% during the 4th quarter. Cascade Investment Advisors Inc. now owns 16,004 shares of the software maker’s stock valued at $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 valued at $31,000 after buying an additional 303 shares during the period. Larson Financial Group LLC raised its stake in ePlus by 6,140.0% in 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 in the last quarter. Finally, Advisors Asset Management Inc. lifted its holdings 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 buying an additional 342 shares during the period. Institutional investors own 93.80% of the company’s stock.

ePlus Price Performance

PLUS opened at $64.32 on Wednesday. ePlus inc. has a 12-month low of $61.75 and a 12-month high of $106.98. The company has a market cap of $1.71 billion, a price-to-earnings ratio of 16.41, a price-to-earnings-growth ratio of 1.83 and a beta of 1.15. 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 has a fifty day simple moving average of $70.73 and a two-hundred day simple moving average of $81.34.

ePlus (NASDAQ:PLUS) last posted its quarterly earnings data on Wednesday, February 5th. The software maker reported $0.91 EPS 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%. Research analysts predict that ePlus inc. will post 3.78 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

About ePlus

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.