Zurcher Kantonalbank Zurich Cantonalbank Has $448,000 Stock Holdings in ePlus inc. (NASDAQ:PLUS)

Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of ePlus inc. (NASDAQ:PLUS) by 14.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,612 shares of the software maker’s stock after purchasing an additional 720 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in ePlus were worth $448,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of ePlus by 1.4% during the third quarter. Vanguard Group Inc. now owns 2,376,006 shares of the software maker’s stock worth $150,924,000 after buying an additional 32,353 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of ePlus by 2.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 374,702 shares of the software maker’s stock worth $23,801,000 after buying an additional 7,516 shares in the last quarter. FMR LLC lifted its holdings in shares of ePlus by 4,840.2% during the third quarter. FMR LLC now owns 286,975 shares of the software maker’s stock worth $18,229,000 after buying an additional 281,166 shares in the last quarter. New York State Common Retirement Fund lifted its holdings in shares of ePlus by 6.9% during the third quarter. New York State Common Retirement Fund now owns 107,386 shares of the software maker’s stock worth $6,821,000 after buying an additional 6,917 shares in the last quarter. Finally, GHP Investment Advisors Inc. lifted its holdings in shares of ePlus by 4.6% during the fourth quarter. GHP Investment Advisors Inc. now owns 95,890 shares of the software maker’s stock worth $7,656,000 after buying an additional 4,213 shares in the last quarter. Institutional investors and hedge funds own 93.80% of the company’s stock.

ePlus Stock Up 1.4 %

PLUS stock opened at $76.96 on Friday. The company has a market cap of $2.07 billion, a PE ratio of 16.24 and a beta of 1.17. The business has a 50-day simple moving average of $78.28 and a 200 day simple moving average of $73.69. ePlus inc. has a 52 week low of $41.71 and a 52 week high of $83.57. The company has a quick ratio of 1.59, a current ratio of 1.93 and a debt-to-equity ratio of 0.01.

ePlus (NASDAQ:PLUS) last posted its quarterly earnings results on Tuesday, February 6th. The software maker reported $1.02 EPS for the quarter, missing analysts’ consensus estimates of $1.24 by ($0.22). The company had revenue of $509.06 million during the quarter, compared to analyst estimates of $598.25 million. ePlus had a net margin of 5.86% and a return on equity of 15.26%. Sell-side analysts anticipate that ePlus inc. will post 4.59 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on PLUS shares. Stifel Nicolaus lifted their target price on ePlus from $70.00 to $80.00 and gave the stock a “hold” rating in a report on Monday, April 15th. Sidoti downgraded ePlus from a “buy” rating to a “neutral” rating and set a $83.00 target price for the company. in a report on Monday, January 8th.

Insider Activity at ePlus

In related news, Director John E. Callies sold 1,308 shares of the business’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $79.17, for a total value of $103,554.36. Following the completion of the transaction, the director now owns 20,493 shares of the company’s stock, valued at $1,622,430.81. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.41% of the stock is owned by insiders.

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 in two segments, Technology and Financing. The Technology segment offers hardware, perpetual and subscription software, maintenance, software assurance, and internally provided and outsourced services; and professional and managed services, including managed, professional, security solutions, cloud consulting and hosting, staff augmentation, storage-as-a-service, server and desktop support, and project management services.