ePlus inc. (NASDAQ:PLUS) Holdings Cut by Blair William & Co. IL

Blair William & Co. IL trimmed its stake in shares of ePlus inc. (NASDAQ:PLUS - Free Report) by 64.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,322 shares of the software maker's stock after selling 5,895 shares during the period. Blair William & Co. IL's holdings in ePlus were worth $245,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of PLUS. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of ePlus by 1.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 60,467 shares of the software maker's stock valued at $5,946,000 after acquiring an additional 1,078 shares during the period. HighTower Advisors LLC acquired a new position in shares of ePlus during the 3rd quarter worth approximately $227,000. Janus Henderson Group PLC raised its position in shares of ePlus by 0.9% during the 3rd quarter. Janus Henderson Group PLC now owns 58,015 shares of the software maker's stock worth $5,706,000 after purchasing an additional 545 shares during the last quarter. State Street Corp raised its position in shares of ePlus by 0.6% during the 3rd quarter. State Street Corp now owns 1,021,341 shares of the software maker's stock worth $100,439,000 after purchasing an additional 6,241 shares during the last quarter. Finally, Wellington Management Group LLP raised its position in shares of ePlus by 20.4% during the 3rd 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 last quarter. 93.80% of the stock is currently owned by institutional investors and hedge funds.

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ePlus Trading Down 2.1 %

PLUS stock traded down $1.24 during midday trading on Thursday, hitting $58.17. The stock had a trading volume of 18,579 shares, compared to its average volume of 237,890. The firm has a market cap of $1.55 billion, a PE ratio of 14.84, a price-to-earnings-growth ratio of 1.83 and a beta of 1.12. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.83 and a quick ratio of 1.69. ePlus inc. has a 12-month low of $53.83 and a 12-month high of $106.98. The company's 50-day moving average price is $65.44 and its 200 day moving average price is $78.48.

ePlus (NASDAQ:PLUS - Get Free Report) last released its earnings results on Wednesday, February 5th. The software maker reported $0.91 EPS 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%. On average, equities research analysts predict that ePlus inc. will post 3.78 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of ePlus from a "hold" rating to a "buy" rating in a research note on Tuesday.

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.