American Century Companies Inc. Buys 121,945 Shares of ePlus inc. (NASDAQ:PLUS)

American Century Companies Inc. increased its stake in shares of ePlus inc. (NASDAQ:PLUS) by 18.2% during the 4th quarter, Holdings Channel reports. The fund owned 790,332 shares of the software maker’s stock after acquiring an additional 121,945 shares during the period. American Century Companies Inc.’s holdings in ePlus were worth $58,390,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. FMR LLC raised its holdings in shares of ePlus by 70.9% during the third quarter. FMR LLC now owns 1,117,812 shares of the software maker’s stock valued at $109,926,000 after purchasing an additional 463,621 shares during the period. Wellington Management Group LLP raised its position in shares of ePlus by 20.4% during the third quarter. Wellington Management Group LLP now owns 968,998 shares of the software maker’s stock worth $95,291,000 after purchasing an additional 164,016 shares during the period. Swedbank AB bought a new position in shares of ePlus in the 4th quarter worth $11,082,000. Raymond James Financial Inc. acquired a new stake in ePlus in the 4th quarter valued at $8,683,000. Finally, Geode Capital Management LLC grew its position in ePlus by 16.8% in the 3rd quarter. Geode Capital Management LLC now owns 731,909 shares of the software maker’s stock valued at $71,987,000 after purchasing an additional 105,526 shares during the period. 93.80% of the stock is currently owned by institutional investors and hedge funds.

ePlus Price Performance

Shares of NASDAQ PLUS opened at $64.32 on Wednesday. The stock has a market cap of $1.71 billion, a price-to-earnings ratio of 16.41, a PEG 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. The firm’s 50-day simple moving average is $70.73 and its 200 day simple moving average is $81.34.

ePlus (NASDAQ:PLUS) last posted its earnings results 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 net margin of 4.93% and a return on equity of 11.23%. As a group, research analysts anticipate that ePlus inc. will post 3.78 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

ePlus Company 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.