AlphaQuest LLC lessened its stake in shares of ePlus inc. (NASDAQ:PLUS - Free Report) by 71.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 3,969 shares of the software maker's stock after selling 10,128 shares during the period. AlphaQuest LLC's holdings in ePlus were worth $293,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently modified their holdings of PLUS. FMR LLC grew its holdings in shares of ePlus by 70.9% during the 3rd quarter. FMR LLC now owns 1,117,812 shares of the software maker's stock valued at $109,926,000 after acquiring an additional 463,621 shares in the last quarter. Pacer Advisors Inc. grew its stake in shares of ePlus by 19.8% in the 3rd quarter. Pacer Advisors Inc. now owns 1,387,899 shares of the software maker's stock valued at $136,486,000 after buying an additional 229,837 shares in the last quarter. Wellington Management Group LLP increased its holdings in 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 during the fourth quarter valued at approximately $11,082,000. Finally, Raymond James Financial Inc. acquired a new position in shares of ePlus during the 4th quarter worth $8,683,000. Institutional investors and hedge funds own 93.80% of the company's stock.
ePlus Stock Performance
PLUS stock traded down $0.36 during midday trading on Tuesday, hitting $64.00. 202,706 shares of the company traded hands, compared to its average volume of 215,520. The stock has a market capitalization of $1.70 billion, a price-to-earnings ratio of 16.33, a price-to-earnings-growth ratio of 1.83 and a beta of 1.15. The company has a quick ratio of 1.69, a current ratio of 1.83 and a debt-to-equity ratio of 0.01. ePlus inc. has a twelve month low of $61.91 and a twelve month high of $106.98. The business has a 50 day simple moving average of $72.14 and a 200-day simple moving average of $82.49.
ePlus (NASDAQ:PLUS - Get Free Report) last posted 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, equities research analysts predict that ePlus inc. will post 3.78 earnings per share for the current year.
Analyst Upgrades and Downgrades
Separately, StockNews.com raised shares of ePlus from a "hold" rating to a "buy" rating in a research report on Thursday, March 6th.
Check Out Our Latest Research Report on ePlus
About ePlus
(
Free Report)
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.
Read More

Before you consider ePlus, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ePlus wasn't on the list.
While ePlus currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.