Huntington National Bank Has $86,000 Stake in ePlus inc. (NASDAQ:PLUS)

Huntington National Bank increased its stake in ePlus inc. (NASDAQ:PLUS) by 35.8% in the 4th quarter, Holdings Channel reports. The firm owned 1,168 shares of the software maker’s stock after purchasing an additional 308 shares during the period. Huntington National Bank’s holdings in ePlus were worth $86,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP lifted its stake in shares of ePlus by 20.4% in the third quarter. Wellington Management Group LLP now owns 968,998 shares of the software maker’s stock worth $95,291,000 after buying an additional 164,016 shares during the last quarter. Swedbank AB bought a new position in ePlus in the 4th quarter worth $11,082,000. American Century Companies Inc. lifted its position in ePlus by 18.2% during the 4th quarter. American Century Companies Inc. now owns 790,332 shares of the software maker’s stock worth $58,390,000 after acquiring an additional 121,945 shares during the last quarter. Raymond James Financial Inc. bought a new stake in ePlus during the fourth quarter valued at about $8,683,000. Finally, Geode Capital Management LLC grew its position in shares of ePlus by 16.8% in the third 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 last quarter. Institutional investors own 93.80% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised ePlus from a “hold” rating to a “buy” rating in a research report on Thursday, March 27th.

ePlus Trading Down 2.2 %

Shares of PLUS stock opened at $57.14 on Monday. The firm has a market capitalization of $1.52 billion, a P/E ratio of 14.58, a price-to-earnings-growth ratio of 1.83 and a beta of 1.12. ePlus inc. has a 1 year low of $55.39 and a 1 year high of $106.98. The firm’s fifty day simple moving average is $67.66 and its 200 day simple moving average is $79.68. The company has a current ratio of 1.83, a quick ratio of 1.69 and a debt-to-equity ratio of 0.01.

ePlus (NASDAQ:PLUS) last announced its quarterly earnings data on Wednesday, February 5th. The software maker reported $0.91 earnings per share 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%. As a group, sell-side analysts predict that ePlus inc. will post 3.78 EPS for the current year.

ePlus 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.