Wells Fargo & Company MN Buys 7,014 Shares of ePlus Inc. (PLUS)

Wells Fargo & Company MN increased its position in shares of ePlus Inc. (NASDAQ:PLUS) by 18.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 44,978 shares of the software maker’s stock after purchasing an additional 7,014 shares during the quarter. Wells Fargo & Company MN owned 0.32% of ePlus worth $4,160,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. BlackRock Inc. increased its position in shares of ePlus by 96.1% in the second quarter. BlackRock Inc. now owns 1,554,745 shares of the software maker’s stock valued at $115,207,000 after buying an additional 761,763 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of ePlus by 96.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,173,675 shares of the software maker’s stock worth $86,970,000 after purchasing an additional 576,536 shares in the last quarter. Fiduciary Management Inc. WI increased its position in shares of ePlus by 102.6% during the second quarter. Fiduciary Management Inc. WI now owns 1,063,046 shares of the software maker’s stock worth $78,772,000 after purchasing an additional 538,286 shares in the last quarter. FMR LLC increased its position in shares of ePlus by 171.3% during the second quarter. FMR LLC now owns 959,478 shares of the software maker’s stock worth $71,097,000 after purchasing an additional 605,842 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in shares of ePlus by 101.5% during the second quarter. Vanguard Group Inc. now owns 919,169 shares of the software maker’s stock worth $68,110,000 after purchasing an additional 462,907 shares in the last quarter. 89.74% of the stock is owned by institutional investors.

In other news, Director John E. Callies sold 1,200 shares of the stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $80.35, for a total value of $96,420.00. Following the transaction, the director now owns 11,154 shares in the company, valued at approximately $896,223.90. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 3.25% of the company’s stock.

ePlus Inc. (PLUS) opened at $77.85 on Monday. The company has a current ratio of 1.65, a quick ratio of 1.50 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $1,103.25, a PE ratio of 20.19 and a beta of 1.28. ePlus Inc. has a 12 month low of $54.28 and a 12 month high of $97.75.

ePlus (NASDAQ:PLUS) last posted its quarterly earnings results on Thursday, November 2nd. The software maker reported $1.27 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.27. ePlus had a return on equity of 15.52% and a net margin of 3.85%. analysts forecast that ePlus Inc. will post 4 earnings per share for the current year.

Several analysts have issued reports on the company. Zacks Investment Research cut ePlus from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $75.00 price target on shares of ePlus in a research note on Tuesday, October 17th. Finally, BidaskClub lowered ePlus from a “buy” rating to a “hold” rating in a research note on Saturday, December 9th.

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ePlus Profile

ePlus inc. is a holding company. The Company is engaged in the business of selling, leasing, financing and managing information technology. It operates through two segments: technology and financing. The technology segment sells information technology (IT) hardware products, third-party software and maintenance contracts, its own and third-party professional and managed services, and its software.

Institutional Ownership by Quarter for ePlus (NASDAQ:PLUS)

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