Lazard Asset Management LLC Increases Stock Position in ePlus inc. (NASDAQ:PLUS)

Lazard Asset Management LLC raised its holdings in ePlus inc. (NASDAQ:PLUS) by 39.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,773 shares of the software maker’s stock after purchasing an additional 6,476 shares during the period. Lazard Asset Management LLC owned 0.08% of ePlus worth $1,682,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Castlekeep Investment Advisors LLC purchased a new position in shares of ePlus during the fourth quarter valued at approximately $127,898,000. Mirabella Financial Services LLP purchased a new position in shares of ePlus during the fourth quarter valued at approximately $43,517,000. Rockefeller Capital Management L.P. purchased a new position in shares of ePlus during the fourth quarter valued at approximately $15,590,000. Swedbank AB purchased a new position in shares of ePlus during the fourth quarter valued at approximately $11,082,000. Finally, American Century Companies Inc. lifted its stake in shares of ePlus by 18.2% during the fourth quarter. American Century Companies Inc. now owns 790,332 shares of the software maker’s stock valued at $58,390,000 after buying an additional 121,945 shares during the period. Hedge funds and other institutional investors own 93.80% of the company’s stock.

ePlus Stock Performance

Shares of PLUS opened at $67.14 on Monday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.69 and a current ratio of 1.83. The company has a market capitalization of $1.79 billion, a price-to-earnings ratio of 17.13, a PEG ratio of 1.83 and a beta of 1.12. The company’s 50 day simple moving average is $61.94 and its 200 day simple moving average is $71.65. ePlus inc. has a 1 year low of $53.83 and a 1 year high of $106.98.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of ePlus from a “hold” rating to a “buy” rating in a research note on Friday, April 18th.

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.